Assurance Services
Prosper CPAs’ Assurance Services Group is here to provide advisory services as another layer of support to your business. Our department will ensure accuracy in all financial reporting, surpassing ethical expectations set forth by accounting standards. We will provide an independent review and evaluation of your finances and business practices to verify accuracy, anticipate and reduce risk and enhance stakeholder confidence.
Audit
An audit provides the highest degree of assurance that an organization's financial statements are accurate and in compliance with Generally Accepted Accounting Principles (GAAP). Accounting records and support are examined as part of the process, and a report stating the accuracy of your financial statements is provided at the conclusion of the audit. Accounting firms are required to follow generally accepted auditing standards when providing the service.
Financial Statement Review
A review provides a professional analysis of your organizations financial statements. It will deliver limited assurance that you have no accuracy issues. Prosper clients interested in this service may include growing businesses seeking additional financing and credit, or businesses seeking to attract new investors.
Compilations
Compilations are the most basic level of financial statement, prepared based on the information provided by the client. Adjustments may be recommended, but assurance is not provided that the organization's financial statements are in compliance with GAAP. Compilations are typically used in order to make internal organizational decisions.
Agreed Upon Procedures
Clients may also engage us to perform agreed upon procedures that adhere to generally accepted auditing standards. This type of service may be helpful when a client would like to examine specific financial or control areas.
Contact us today to learn how Prosper CPAs can help your business prosper
