Accounting, Audit, and Assurance Services
The level of service that our 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)
Accounting Services
The above services are provided to a diverse group of
industries. In today’s business environment, companies may be
required to or desire to have an independent and objective
certified public accounting firm such as fk advisors perform
services to ensure that the client’s financial statements meet
the regulatory and business requirements under which they
function.
Audits
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.
Accounting Services
We provide assistance to organizations regarding the proper
accounting treatment under generally accepted accounting
principles. Our team members include certified public
accountants with annual continuing education who keep up to
date on generally accepted accounting principles. We also
assist organizations in drafting financial
statements.
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