Financial Reporting, Consulting, Audit & Accounting Services
The accounting process should be only a starting point, and that’s precisely how we view it at Ghirardo CPA. In fact, we see it as an opportunity to become more familiar with both the business owner and the business.
By working together, we can help you analyze and understand your financial reporting statements so that you can make informed management decisions to grow your business and achieve your goals.
Our knowledgeable accounting and business consulting services will provide you with a unique combination of accurate information and valuable insight based on years of experience. We work with you to improve your business strategy, information management, internal controls and more – all in highly efficient manner that minimizes the interruption to your daily business activity.
Because we take a thorough approach to our financial accounting process, we do more than simply provide the standard audits, reviews and compilations. Instead, we take the information gathered during those processes to identify opportunities for growth and to then offer value-added recommendations for further success.
Our audit and accounting services are designed to help you answer the following kinds of questions:
- My business is doing great, so why don’t I have any cash?
- How can I improve my cash flow?
- How fast can my business grow?
- What will happen if my business grows too fast?
- Does my business have the resources to capture profitable opportunities?
- What if I need financing? How much will the lenders loan to my business?
- How secure is my accounting system? Could someone be stealing from my business?
- What can I do to strengthen internal accounting controls?
- Are my financial statements reliable and meaningful?
No matter which level of service you need, we have the expertise to not only handle the engagement, but also to help you nurture your business.
Historical Financial Statements: Audits, Reviews, Compilations and Preparations
Historical financial statements reveal the “GPS” starting point for a business’ direction. When you know where you are and what resources you really have, you can identify which direction you need to go, what decisions must be made and what it will take to get there.
Audits, reviews, compilations and preparations are services designed to help you provide financial statements that show the financial results of your business at a level of reporting that fits your situation.
What’s the Difference?
Audits result in an independent CPA firm’s expression of an opinion on the company’s financial statements. These are generally required by outside parties, such as investors, creditors, lenders or regulatory agencies seeking significant assurance about the financial position, results of operations and cash flows of your business.
Reviews result in an independent CPA firm’s report which indicates whether the accountants are aware of any material modifications that should be made to the financial statements. Reviewed financial statements are often used by businesses to report their financial position, results of operations and cash flows to third parties where audits aren't required.
Compilations result in an accountant’s report stating they have performed a compilation engagement, but do not provide any assurance on the financial statements. Compilations are favored by businesses that do not require audits or reviews because the users are comfortable with the financial information provided without any assurance from the CPA.
Preparations result in financial statements that exclude an accountant’s report and include a disclaimer on each page of the financial statement that no assurance is provided on the financial statements. Preparations are used when the company requires professional assistance to prepare financial statements but does not require the accountant to issue a report.