In accordance with professional standards, we offer three levels of accounting and audit services that encompass varying levels of our involvement with client financial statements. The three levels of service are as follows:

• COMPILED Financial Statements: This service involves the basic preparation of financial statements using financial information provided by the client. Compilations are appropriate when business owners or management need help to prepare their financial statements and there is no external requirement for reviewed or audited financial statements to be provided to a third party or a regulatory agency. Compilations provide no assurance as to whether material changes are necessary for the financial statements to be in conformity with generally accepted accounting principles. Footnote disclosures and cash flow information are optional and are often omitted.
  
  
• REVIEWED Financial Statements: In conjunction with this service, the CPA makes inquiries of management and performs analytical procedures to determine whether the financial statements appear appropriate for presentation without material modification. Reviews are not as extensive as an independent audit and provide only limited assurance that the financial statements are free of material misstatement. Complete footnote disclosures and cash flow information are required. Essentially, a review is designed to determine whether the financial statements "make sense" without conducting more comprehensive procedures.
  
  
• AUDITED Financial Statements: As part of an independent audit, the CPA examines and tests the financial statements by confirming selected balances with outside parties, completing physical inspections and observations, and testing selected transactions by examining supporting documents. An audit provides the highest level of assurance and includes the CPA's opinion as to whether the financial statements "present fairly in all material respects" the entity's financial position and results of operations in conformity with generally accepted accounting principles. An audit is planned and performed with an attitude of professional skepticism; that is, the auditor designs procedures to provide "reasonable assurance" that significant errors and fraud are detected. An audit does not, however, provide a guarantee of accuracy and the ultimate responsibility for the financial statements remains with the business owner and management.

In addition to the above, we provide the following related services:

• Outsourced Accounting Services: Partial or complete "outsourcing" of the accounting and/or office functions of new or growing businesses.
  
  
• Internal Audit Services: Original implementation of an internal audit function or enhancement of an existing internal audit department's program.

Please contact us to request more information about the services we provide.