Attestation Services

client reviewing an attestation

Attestation Services

Why might your business need attestation services? In today’s economic environment, lenders, regulatory bodies, non-management owners and other interested parties (such as suppliers or leasing companies) are increasingly requesting at least limited assurance regarding a business’s financial statements by an unbiased third party. We provide financial statement review and compilation services to fill that need.

What to expect from a review:

  • The objective of a review engagement is to obtain limited assurance that there are no material modifications that should be made to the financial statements.
  • A review includes applying analytical procedures to your financial data and making inquiries of company management.
  • A review is substantially less in scope than an audit, the objective of which is the expression of an opinion regarding the financial statements as a whole.
  • A review does not contemplate obtaining an understanding of the company’s internal control; assessing fraud risk; testing accounting records by obtaining sufficient appropriate audit evidence through inspection, observation, confirmation, or the examination of source documents (for example, cancelled checks or bank images); or other procedures ordinarily performed in an audit.

What to expect from a compilation:

  • The objective of a compilation is to assist you in presenting financial information in the form of financial statements based on information provided by you.
  • A compilation differs significantly from a review or an audit of financial statements, because it does not contemplate performing inquiry, analytical procedures, or other procedures performed in a review.
  • Additionally, a compilation does not contemplate obtaining an understanding of the entity’s internal control; assessing fraud risk; testing accounting records by obtaining sufficient appropriate audit evidence through inspection, observation, confirmation, or the examination of source documents (for example, cancelled checks or bank images); or other procedures ordinarily performed in an audit.

These services are conducted in accordance with the American Institute of CPA’s as required for licensed CPA’s.