BK+L provides assurance services designed to satisfy companies’ needs for accurate financial statements and related information that they will forward to owners, lenders and other stakeholders.
Because assurance services are defined and regulated by various accounting societies, boards and governmental bodies, all CPA firms are bound by the same rules and guidelines.
But, BK+L knows how important it is listen to our clients needs and concerns. We take the time to really learn our clients’ businesses; we plan our assurance services to be minimally disruptive to our clients’ day-to-day accounting processes; we fully explain the assurance engagement process; we deliver on time; and we deliver at a reasonable cost.
Throughout the assurance process we go beyond the numbers to identify opportunities to suggest improvements in accounting procedures, internal controls, general business practices and tax savings.
Partner Scott Kaplan, CPA introduces bk+l’s audit and assurance services.
We work with our clients to determine the level of assurance that they need. A company may require an audit or review in order to comply with a loan covenant. Conversely, a company without such a loan covenant may choose a compilation.
Our audit and assurance services include:
Audits An audit is the application of analytical procedures to financial statements, inquiry of management about the financial statements and the verification of a sample of transactions and balances, as well as any other procedure that the auditor deems necessary in the circumstances, for the purpose of forming and reporting an opinion that the financial statements are in all material respects presented in accordance with generally accepted accounting principles.
Compilations
A compilation is the presentation of a company’s financial statements prepared from information provided by the company without analysis, inquiry or verification. A compilation is neither an audit nor a review and does not provide any assurance of the accuracy or completeness of the financial statements.
Reviews
A review is less in scope than an audit. It is the application of analytical procedures to financial statements as well as the inquiry of management about the financial statements for the purpose of providing limited assurance that the reviewer did not become aware of anything that would lead her to believe that the financial statements were not in all material respects presented in accordance with generally accepted accounting principles.
Other Assurance Services
BK+L provides a full range of other assurance services to satisfy a company’s particular needs, For instance, bk+l can provide assurance on prospective financial statements or provide due diligence for a potential acquisition.
