Audits, Reviews & Compilations

An audit provides the highest level of assurance. An audit is a methodical review and objective examination of the financial statements, including the verification of specific information as determined by the auditor or as established by general practice. The work includes a review of internal controls, testing of selected transactions, and communication with third parties. Based on the findings, a report is issued as to whether the financial statements are fairly stated and free of material misstatements.

Less extensive than an audit, a review engagement consists primarily of analytical procedures applied to the financial statements, and various inquiries made of your company's management team. If the financial statements or supporting information appear inconsistent or otherwise questionable, additional procedures may need to be performed.

Compiled financial statements are the "representation of management" and the CPA 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.

Consulting Services

From new business formation to nonprofit organizations, consulting services are available in all areas including:

  • Business Financing
  • Business Valuation
  • Internal Controls
  • Payroll
  • Sales Tax
  • Strategy
  • Succession
  • Internal Controls

Personal Financial Planning

Building and preserving your personal wealth requires specialized attention. You get one-on-one guidance and a comprehensive financial plan that helps manage risk, improve performance, and ensure the growth and longevity of your wealth.

Many PFP clients make a good living but don't understand why they never have enough money to pay the monthly bills. The first step is to track spending, create a budget and manage cash flow. After that is accomplished,  clients find they can:

  • Save enough for a comfortable retirement by identifying retirement needs, analyzing  assets and sources of retirement income, reviewing estimated shortfalls, and identifying the best ways to save for retirement given your financial situation and risk tolerance.
  • Pay for your child's college education by accurately estimating the amount of money you'll need, analyzing your assets, reviewing estimated shortfalls and considering general alternatives and strategies to help address these potential shortfalls, and developing an optimal savings plan given your financial situation and risk tolerance.
  • Protect your family in case of you become disabled by ensuring you have enough money in your emergency fund and analyzing your life, disability, health, home, and auto insurance coverage. We also review your will and various powers of attorney designed to take care of your affairs in the event you are incapacitated and can't manage them yourself.
  • Achieve your investment goals by identifying the steps needed to maximize your investment returns as well as the steps needed to help minimize your risk while building increased predictability of your investment returns.