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Your fk advisors Team
RayKirschner
JerryFitzpatrick

Audit and Assurance Services

Our services are designed to provide assurances that the financial statements accurately represent the true financial position of your company. The level of service that our audit assurance service teams offer is strictly dependent upon your business needs.

We provide the following types of services:

  • Audit (our highest level of assurance)
  • Review (analytical review with limited assurance)
  • Compilation (client information provided and no assurance given)
  • Agreed Upon Procedures (client requested procedures and reports)

Audit

The auditor performs tests of your financial records and reviews your financial statements to determine that the statements are fairly presented and in accordance with standards. If the following situations fit your company, you would benefit from an audit:

  • Regulated industry with audit requirements mandated by federal or state agencies
  • Requirement of financial institution that is lending you funds
  • Requirement of bonding company
  • Absentee owners
  • Refinancing debt
  • Acquisition of a business
  • Stockholder needs
  • Customer or vendor requests
  • Sale of a business

Reviews

The accountant performs analytical procedures to your financial statements in order to provide limited assurance that those statements are in accordance with the standards. This lower level of service may be acceptable in the situations described under “audits.”

Compilations

Using client prepared financial data, we will prepare a financial statement and issue a compilation report. The accountant is not required to make inquiries or perform other procedures to collaborate client information.

Agreed Upon Procedures

The agreed upon procedures service is tailored to meet the needs of your organization, offering only requested procedures and reports. Our services give credibility to specified areas of the organization’s financial or non-financial information. In this situation, the scope of services is more focused than a full audit of your financial statements. The benefit is that work is performed only in required areas, saving time and lowering costs.


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