Financial Accounting for Businesses, Non Profit Organizations and Condominium Associations
Companies often need attestation services to satisfy lending, bonding, regulatory or shareholder requirements. Whether an audit, review, compilation, or other attestation service is needed, Schultz & Associates, CPA is committed to providing you with high quality financial reporting that meets your reporting deadlines and exceeds your expectations.
As your business advisers, attestation services serve as an opportunity for us to identify ways to help you grow and manage your business better. While maintaining the highest standards of our accounting profession, you can also expect from our partners and accounting staff sound strategic advice, valuable insight and perspective, and recommendations for cost savings opportunities that will bring you the value that you should come to expect from your CPA firm and MACPA and AICPA member.
Tailored Attestation Services
We tailor our attestation service approach to your company and its reporting requirements by obtaining a thorough understanding of your business and the challenges that you face. We rely upon our knowledge, experience and breadth of expertise in a wide variety of industries to help you identify opportunities to increase profitability, minimize tax burdens, and improve operational efficiencies. We integrate technology every step of the way to keep fees reasonable.
We will communicate regularly with you throughout the attestation engagement as well as throughout the year. You can count on our partner group to be directly involved in all aspects of the engagement and the overall relationship. Working with our experienced team will minimize the disruptions to your staff during the engagement.
Commitment to Training
If you are looking for a proactive and responsive CPA firm that delivers cost effective services to help you gain a competitive advantage, then Schultz & Associates, CPA is the firm you can trust with your financial reporting needs.
Audit, Review and Compilation
Often we are asked what the difference is between an Audit, Review and a Compilation. Below is an overview of the differences:
The audit is the highest level of assurance services on financial statements. The goal of the audit is to express an opinion of the entity’s financial statements taken as a whole and to make recommendations to management on ways to improve the accounting system. In an audit, an understanding of the organization’s industry, the external and internal environment, and control structure is required. An audit will include tests of the accounting records including verification and substantiation procedures. These procedures may include direct correspondence with creditors and debtors to verify details of accounts, physical inspection of inventories, inspection of minutes of the board of directors, and contract review. An auditor will also gain knowledge and understanding of the entity’s internal control system. These steps and the testing of accounts is necessary in order for the auditor to express an unqualified opinion that the financial statements are fairly presented, in all material respects with accounting principles generally accepted in the United States of America.
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