Audits are conducted for the purpose of forming an opinion on the basic financial statements taken as a whole. An audit includes examining, on a test basis, evidence supporting the amounts and disclosure in the financial statements. An audit also includes assessing the accounting principles used and significant estimates made by management, as well as evaluating the overall financial statement presentation.
Reviews are conducted for the purpose of expressing limited assurance that there are no material modifications that should be made to the financial statements. A review consists principally of inquiries of company personnel and analytical procedures applied to financial data.
Compilations are limited to presenting in the form of financial statements information that is the representation of management.
Limited to presenting in the form of financial statements information that is the representation of the individual whose financial statements are presented.
We believe one of the most valuable services an accounting firm can provide is to make recommendations to its clients on how they might improve their profitability or assure issues are being properly addressed for tax purposes.