New financial reporting and government regulations are contributing to an extreme rise in levels of operational complexity, so allow us to make auditing a less painful process. Management and boards need to be assured that the financial information they report to stakeholders is reliable. An audit or review doesn’t just help you grasp the current position of your organization, but can aid in planning for the future by identifying deficiencies and educating stakeholders on what areas to improve upon to enhance profitability.
In accordance with the Generally Accepted Accounting Principles (GAAP), Alloy Silverstein takes pride in providing you with the highest levels of quality auditing and review services to ensure your business meets and exceeds industry standards.
- Compilation – A compilation is a straightforward engagement that uses financial data provided by the organization that is then input in to financial statement format. A CPA does not provide testing, benchmarking, or analytical procedures for the compiled records, and therefore does not guarantee assurance.
- Review – A step further than a compilation but not as arduous as an audit, a review provides more limited assurance to the client that the information on the financial statements is consistent and coherent. A financial statement review is frequently sought by vendors during the loan origination process.
- Audit – The highest level of assurance, an audit requires a CPA to compile your organization’s accounts, books, and documents, and then perform a thorough review of your financial statements to make certain your financial statements accurately reflect the economic well-being of your company. Audits are generally expected to be conducted annually for not-for-profit organizations, publicly traded companies, and in certain highly-regulated industries. An audit may also be requested by lenders or investors when securing a substantial business loan or in preparing a business for selling.
Submit a Request for Proposal
Alloy Silverstein welcomes the opportunity to respond to requests for proposals (RFPs). Our experienced auditing professionals strive to offer organizations a competitive price for our efficient process, strategic approach, and expertise without sacrificing the high quality we are known for.