919-283-5414
pradip@bhogalcpa.com
919-283-5414pradip@bhogalcpa.com
Our Audit and Assurance Services professionals provide independent verification or opinions on accounting and many other types of information. Business leaders can use our services to make more informed and confident decisions on a wide range of issues, and reduce the business risks associated with incorrect or incomplete information.
We serve small and mid-sized diverse businesses —from start-up to fully functional entities. We are distinguished in the market by our expertise in auditing, and for adhering to the highest quality standards possible.
Whether we’re performing an audit or working with you on complex areas of Generally Accepted Accounting Principles (GAAP) like revenue recognition, accounting for income taxes, business combinations, stock-based compensations, or SEC compliance—we know the subject well, saving you time and decreasing risk. Professional standards prevent us from serving public companies as both auditor and consultant, but we are fully capable of fulfilling either role.
We have a great deal of flexibility in working with privately-held companies, serving as both your auditor and advisor on an array of issues over the lifecycle of your business. Our audit and tax professionals can work together as an integrated team to support private companies with both broad and specialized knowledge. From tax compliance and planning to audit and transactional services, we can connect every business strategy to your long-term goals.
Our high touch audit process involves gaining in-depth knowledge of your operations, business processes, key audit factors and risks. We focus on understanding management objectives, the impacts of economic and industry conditions on your business, and other relevant factors.
An effective audit helps you assess where you’ve been, prepare for major transactions, and build key strategies for the future. We take the time to learn about your business so we can offer fresh ideas for improving strategies, management information systems, and operating and accounting procedures.
With Attestation Services, we provide conclusions that confirm the reliability of written information requested of you, or used by third parties. In these engagements, we provide independent verification of information, other than financial statements, by examining, reviewing or applying agreed-upon procedures to the subject matter at hand—for example: determining your compliance with a contract. Or, we can provide assurance regarding an assertion about the subject matter—for example: confirming that what your company is reporting is correct.
In applying the same tools we use in performing audits and reviews to attestation services, our Assurance Services professionals’ experience and expertise improve the quality of the information for decision makers; and our reputation for integrity reinforces the credibility of your company.
The subjects of attestation engagements may take many forms, including:
Attestation engagements are used in diverse situations, for example:
Closely held businesses have assurance needs that often don’t require an audit. Compilations and reviews are alternatives to audit engagements, designed specifically for smaller businesses. The purpose of these alternatives is to enhance the credibility and reliability of a company’s financial statements when regulators, lenders, suppliers or others request the participation of an external CPA.
When assurance as a result of the audit process is not required, we can meet your needs by providing reviews and compilations that are less in scope than an audit.
Our Compilation and Review Services are performed in accordance with the Statements on Standards for Accounting and Review Services issued by the American Institute of Certified Public Accountants.
Compilations are limited to reading a company’s financial statements, as provided by management, and considering whether they are in an appropriate form and free from obvious errors.
Review engagements go a step further, adding inquiries about company personnel and analytical procedures to financial data, as well as limited assurance on the financial data.
Both types of engagements are significantly less in scope than an audit performed in accordance with generally accepted audit standards. The limited scope is explained in our report, which accompanies the compiled or reviewed financial statements.
Our professionals can help you choose which alternative: compilation, review, or audit is the most appropriate and cost-effective choice for your company and circumstances.
You can count on us to get work done completely and on time, and you can trust that our professionals act with integrity in everything we do. Our years of experience working with diverse public companies enables us to explore all viable alternatives to resolve issues, and you can be confident that we are knowledgeable in the latest SEC reporting requirements.
