Auditing

We see our role in the financial reporting process as an opportunity to provide constructive solutions for maximizing your company's profitability and efficiency. We provide financial reporting for Audits, Reviews and Compilations:

• Audit - An audit report provides the highest level of assurance that the financial statements are presented fairly in conformity with generally accepted accounting principles. In an audit the accountant must be independent of the client and the financial statements must contain all required disclosures. An audit is planned and performed with an attitude of professional skepticism; that is, the auditor designs the audit to provide "reasonable assurance" that significant errors or fraud are detected. However, irregularities or fraud concealed through forgery or collusion may not be found because the auditor is not trained to catch forgeries, nor will customary audit procedures detect all conspiracies.

• Review - A review of financial statements produces a report that provides limited assurance that material changes to the financial statements are not necessary. With respect to reliability and assurance, a review falls between a compilation, which provides no assurance, and the more extensive assurance of an audit.

• Compilation - A compilation is a monthly, quarterly, or annual financial statement. However, a compilation offers no assurance as to whether material or significant changes are necessary for the statements to be in conformity with generally accepted accounting principles - the set of rules regarding financial statement form. No probing is conducted beneath the surface unless the data provided is in error or is incomplete.