|
Every three years, our accounting and auditing
practice is subjected to the Peer Review of the American Institute
of Certified Public Accountants (AICPA) . A peer review consists
of an outside auditor looking over our practices and procedures
that we use in preparing compiled, reviewed, and audited financial
statements. Our most recent peer review resulted in an ''unqualified''
opinion. That is the equivalent of receiving an ''A'' grade.
We prepare financial statements for our clients for two primary
purposes. First, they provide management with a business ''scorecard''
which depicts performance and the financial health of their organization.
While analyzing our clients transactions, we often identify
areas where changes can be implemented to improve the profitability
of the business.
Secondly, financial statements are often prepared to satisfy the
requirements of financial institutions or bonding companies. We
work closely with several area bankers to understand what information
they need in order to be responsive to our clients credit
needs.
An expanding area of our practice has been assuming the accounting
functions of certain clients. These clients want to focus their
attention on selling their service or product, and do not want to
have their attention diverted by back-office functions such as recording
transactions, writing payroll checks, or reconciling the bank statement.
This service is ideal for those clients who do not need a full time
bookkeeper, but who recognize the importance of maintaining accurate
records.
All of our accounting services are integrated closely with our ''Grow
Your Business'' consulting services. After all, ''failing to plan
is the equivalent of planning to fail!''
|