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Services

Audit, Reviews, and Compilations

Audit, Reviews, and Compilations

An audit provides the highest level of assurance for your financial scenario. LTC CPA’s capabilities include a review of internal controls, testing of selected transactions, and communication with third parties. Based on our findings, we provide a report on whether the financial statements are fairly stated and free of material misstatements.

Less extensive than an audit, but more involved than a compilation, a review engagement consists primarily of analytical procedures we apply to the financial statements, as well as various inquiries we make of your company's management team. If your financial statements or supporting information appear inconsistent or otherwise questionable, our team of CPA’s may need to perform additional procedures.

A compilation provides the lowest level of assurance. When compiling financial statements for our clients, LTC presents information that is the "representation of management" and expresses no opinion or assurance on the statements. 

LTC CPA’s Provide These Types of Audits