Stockholder, members creditor and private investors not only need assurance that financial statements accurately represent the true financial positions of a company, but also have different levels of risk tolerance. This is why we provide three levels of assurance to meet your needs.
AUDIT—Highest Level of Assurance
We Pride Ourselves On Being An Audit Services Firm That Is In-Touch And Approachable
Clients often tell us that we are easy to work with. We collaborate with your team to develop a solid audit plan, and we communicate frequently throughout the engagement. In fact, our partners and managers work in the field directly with clients and remain highly accessible—responding to questions and requests promptly.
Our 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.
Additionally, our independence and objectivity, combined with our reputation for providing the highest quality audit and assurance services, ensures that financial information provided to third parties is trusted and readily accepted.
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.
Reviews & Compilations
When your business does not require assurance as a result of the audit process, HHLB meets your needs by providing reviews and compilations that are less in scope than an audit.
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.
HHLB can help you choose which alternative: Compilation, review or audit, is the most appropriate and cost-effective choice for your company and circumstances.
For more information, contact Sheila Balzer.