If you run a business, you undoubtedly understand the burden of financial record keeping. You’ve kept on top of your books, but how confident are you that your reports are accurate? Attestation services are not solely about achieving compliance; they also provide financial records that act as transparent blueprints for operations in your company. They allow everyone from staff members to investors to have a clear view of the company’s performance and help you, as the owner, understand how to account for its activities.
Read on for a description of the attestation services Gulla CPA offers.
A review is a limited examination reporting on the plausibility of the financial statements of a company or organization. The purpose of a review is to provide limited assurance that the financials are free from material misstatement. A review is narrower in scope than an audit; we will evaluate your books by performing analytical procedures and assessing management’s approach to record keeping. When adequate review procedures have been performed, we will summarize the results of our findings in an independent accountant’s review report, which will be issued to you.
A compilation is a basic summary of the financial statements of a company or organization using their financial data. Unlike an audit or review, a compilation provides no assurance. We will review and inquire about your financial statements and issue you an accountant’s compilation report that summarizes our work performed.
Generally Accepted Accounting Principles, or “GAAP”, are standards that encompass the details, complexities, and legalities of business and corporate accounting. The Financial Accounting Standards Board (FASB) uses GAAP as the foundation for its comprehensive set of approved accounting methods and practices. We offer consultation related to record keeping for your business’s transactions in conformity with GAAP. Whether it be accounting for routine or complex transactions, we’ll consult you on how to properly record them with GAAP-approved accounting methods.