Andy Argenbright, CPA has the capacity to provide the auditing and accounting services you may need. We offer the three traditional services in providing assurance on financial statements and also offer other accounting services such as monthly or quarterly “write-up” services, forecasts, projections, internal control reviews and performance of other agreed-upon limited procedures. We will present your financial statements in an informative manner to reflect pertinent information for your use in making vital business decisions.
Brief descriptions of three traditional services with respect to financial statements are as follows:
AUDIT
During an audit we examine a company’s financial statements in accordance with generally accepted auditing standards. An audit offers the highest degree of assurance regarding financial statements. Audit requires an understanding of the company’s internal control structure and requires significant testing of financial transactions including confirmation with outside parties, physical inspection observation, tracing transaction, to supporting documentation, and a number of other tests. After performance of these procedures, we then express an opinion as to whether the financial statements are fairly presented in conformity with generally accepted accounting principles.
REVIEW
In a review, we analyze a company’s financial statements and issue a report giving a limited degree of assurance. During a review of financial statements, we obtain a working knowledge of your business and the industry in which it operates. We make inquiries related to the financial statements and analytical procedures to identify any unusual items or trends that may need explanations.
COMPILATION
A compilation involves taking financial information provided by a company or individual and arranging it in financial statement format. A compilation has no degree of assurance, but is adequate for certain purposes. In performing a compilation of financial statements, we obtain an understanding of your business and its transactions and how those transactions are recorded. We then compile the information provided by you.
For free consultation contact:
Andy Argenbright, CPA
1240 Pawtucket Ave.
East Providence, RI 02916
Email: Andy@andycpa.net
(401) 499-3899
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