Audits, Reviews, and Compilations

O’Connor, Brooks & Co. P.C.’s financial statement services comprise three levels of assurance and attestation depending on your situation, needs or reporting requirements.

Audits

Audits of financial statements offer the highest level of assurance and attestation to third parties and governmental agencies and include in-depth examination and confirmation of account balances, inventories, and selected transactions. The performance of audits helps you remove errors, adjust account balances and ascertain the validity and reliability of your financial information and fulfill governmental audit requirements.

Reviews

Reviews of financial statements provide limited assurance to outside interests and involve inquiries and analytical procedures that confirm financial statement matters and identify any items requiring further analysis. Reviews are performed to ensure the integrity of your financial reports and general ledger data.

Compilations

Compilations of financial statements are based upon information provided by management. Compilations do not offer assurance but may involve some adjustment to accounting records and result in the proper reporting format.