Financial Statement Audit Services

Reporting on the accuracy of your financial information

The accuracy of your financial statements and the validity of the information it contains is fundamental for the success of your organization and the ongoing support of lenders, regulatory authorities, shareholders and stakeholders.

To fulfill requirements and standards for an audit, review or compilation, it’s necessary to engage a CPA firm that has made necessary investments in technology, tools, continuing education and certifications.

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A CLIENT’S PERSPECTIVE…

“Adams Brown’s quick responses to questions are appreciated. When most of the questions originate from company leadership, a quick response is impressive and definitely makes the firm look good.”

Mike Dassel – Center Industries Company, Inc., Wichita, KS

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Financial Statement Audit Process

Audit

Audits are intended to provide creditors, investors, federal and state agencies, and other outside parties with a high level of comfort on the accuracy of your financial statements. Business leaders engage in audit services to identify material weaknesses and set the stage for discussions, insights, observations and guidance for their resolution.

Audit and attestation services are appropriate and often required when meeting governmental regulations, seeking high levels of financing or outside investors, or when selling a business.

As your CPA firm, we issue a formal report that expresses an opinion on whether the financial statements are presented fairly, in all material aspects, in accordance with the applicable financial reporting framework.

Review

Reviews are intended to provide lenders and other outside parties with a basic level of assurance on the accuracy of your financial statements.

As a business grows and is seeking larger and more complex levels of financing and credit, review services are often appropriate.

As your CPA firm, we issue a review report as part of the engagement.

Compilation

Compilations are used by lenders and other outside parties who may not require assurance on the accuracy of financial statements.

When initial or lower amounts of financing or credit are sought or significant collateral is in place, compilation services are often appropriate.

As your CPA firm, we issue a compilation report as part of the engagement.

Financial Statement Audits for Targeted Industries

Agriculture Construction Dentists Healthcare Local Government Manufacturing Oil & Gas Restaurants

Agreed Upon Procedures

Benefit Plan Audits

Governmental Audit Services

Reviews & Compilations

Contact Us.

For a discussion of which type of attestation is right for your situation or needs, please contact us for a complimentary, no-cost or obligation consultation.

Financial Statement Audit Insights

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Ensuring Compliance: Revenue Recognition for Government Contractors

Preparing for your First Single Audit