Stockholders, creditors, and private investors often need assurance that the financial statements accurately represent the true financial position of a company.

Your stockholders, creditors, or private investors have different levels of risk tolerance, so we provide three levels of assurance to meet your needs.

Audit - Highest Level of Assurance

Our audit is undertaken with precise service commitments in mind. These commitments underpin every aspect of the way we manage your audit, enabling us to utilize our resources in the most efficient way so as to provide you with an exceptional audit service.

Our service is based on eight principles that form the basis of our audit framework. How they benefit you is described below:

• Planning to exceed your expectations by delivering an audit service that provides the greatest benefits to you
• Ensuring effectiveness by assessing risk properly and planning the appropriate combination of work, to reach robust audit opinions
• Maximizing efficiency by delivering our audit on time, to plan, and to budget
• Managing risk effectively by identifying and mitigating risk to an agreed level
• Developing our people by giving them the support and opportunities they need to generate value for you
• Using technology effectively by maximizing teamwork, communication, and efficiency through improved knowledge management and accessibility
• Communicating continuously by remaining accessible and responsive to you throughout the engagement and pre-empting your needs
• Evaluating our performance by holding ourselves accountable and constantly identifying areas for improvement.
• These principles form the framework for our audit service to you, and each team member is committed to their application throughout our engagement.

Review - Limited Assurance

Less extensive than an audit, but more involved than a compilation, a review engagement consists primarily of analytical procedures we apply to the financial statements, and various inquiries we make of your company's management team. If the financial statements or supporting information appear inconsistent or otherwise questionable, we may need to perform additional procedures.

A review doesn't require us to study and evaluate your company's internal controls or verify data with third parties or physically inspect assets. Rather, a review report expresses limited assurance in the form of the statement: "We are not aware of any material modifications" for the financial statements to be in conformity with the Generally Accepted Accounting Principles (GAAP). Reviewed financial statements must include all required footnotes and other disclosures.

Why might a business request a review engagement?It can be a good middle ground, providing the advantages of a CPA's technical expertise without the work and expense of an audit.

Compilation - Lowest Level of Assurance

In compiling financial statements for a client, we present information that is the "representation of management" and expresses no opinion or assurance on the statements. Compilations don't require inquiries of management or analytical procedures. Instead, we rely on our knowledge of accounting principles and a general understanding of your business.

Banks often require compilations from an independent CPA as part of their lending covenants.