Audits – Reviews – Compilations
Your stockholder, creditor, or even private investor, more often than not, needs the reassurance that your financial statements are an accurate representation of your company’s success. In order for a trusted relationship to occur, we offer all of our clients three different levels of risk tolerance, giving your business the credit it deserves.
Depending on what is requested and your specific circumstances, we can identify which type of report best suits your needs. It is important you understand the difference between all three reports so you can make the most appropriate choice that befits your business.
Audits provide the highest level of assurance and are the most trusted review of your financial statement. Through an audit, we can take an objective examination of your business looking into internal controls, testing transactions, and communication with third parties. Talking to your customers, banks, vendors, and attorneys, we can take an in-depth inspection of how your company runs and obtain the reliable information investors are looking for. When an audit is completed, we will then issue a report on whether your financial statements are in good standing or not.
With an audit from J. Stuart Yeager, CPA, you can provide your stakeholders and investor community credible information with good standings. You will also find that complying with banks is easier, thus making fraud and error less likely to occur.
All public companies are required to have an audit performed, but nonpublic companies may request one as well. Based on your risk level, you may want to see if you qualify for J. Stuart Yeager, CPA, to audit your business.
A review is less extensive in comparison to an audit, consisting of an analytical procedure used to look at financial statements and inquiries of your business management team. If your financial statements appear to be inconsistent, we may suggest you use additional services.
Unlike an audit, in a review, we will not evaluate your internal controls, but rather, a review report expressing the limited assurance. A review is a good way to provide a technical expertise to your shareholders and investors, without the expense of an audit.
With a compilation, we will compile financial statements and use them as a representation of your management. This procedure does not require analytical processing but rather your knowledge and understanding of your accounting and business operations.
If you would like an audit of your Greeley, Fort Collins or Loveland business, or if you desire any of our other small business accounting services, please contact us today.