Financial Reporting & Assurance
ndependent Assurance Services Focused on Accuracy, Judgment, and Clarity
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We provide financial reporting and assurance services for companies that require reliable, externally usable financial information but do not need—or are not yet ready for—a full financial statement audit.
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Our work emphasizes technical accuracy, appropriate scope, and clear documentation, particularly in situations where financial statements are subject to investor, lender, regulator, or compliance review.
Understanding Assurance Services
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Assurance services exist on a spectrum, ranging from compilations to reviews to audits. Each level serves a different purpose and carries different responsibilities, procedures, and costs.
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We help clients select the appropriate level of assurance based on:
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Intended use of the financial statements
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Regulatory or contractual requirements
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Risk profile and complexity
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Internal capabilities
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Our role is not to oversell scope, but to ensure financial reporting is fit for purpose.
Financial Statement Reviews
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A financial statement review provides limited assurance that no material modifications are necessary for the financial statements to be in accordance with the applicable reporting framework.
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Reviews are often appropriate when:
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Audited financial statements are not required
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Lenders or investors require external assurance
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Management wants an independent perspective on financial reporting
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Review procedures primarily include:
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Analytical procedures
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Inquiry of management
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Evaluation of financial statement presentation
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Reviews do not include audit procedures and do not result in an audit opinion.
Compilations
A compilation involves presenting financial information provided by management in the form of financial statements, without providing assurance.
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Compilations are commonly used when:
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Financial statements are for internal use
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External assurance is not required
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Management wants professional preparation and presentation
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While compilations do not provide assurance, professional standards still require care in presentation, disclosure, and consistency.
Custody Rule Examinations
We perform Custody Rule examinations for investment advisers subject to regulatory requirements under the Investment Advisers Act.
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These engagements require:
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Precise understanding of regulatory expectations
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Careful evaluation of controls and custody arrangements
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Clear documentation and reporting
Custody Rule examinations are attestation engagements under AICPA standarads.
Audit Support and Coordination (Non-Audit)
While we do not perform financial statement audits, we frequently support management teams and auditors by assisting with:
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Preparation of audit-ready financial statements
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Technical accounting analyses and documentation
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Footnotes and disclosures
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Coordination of supporting schedules and workpapers
This work is performed separately from and independent of assurance engagements, and should not be confused with audit performance.
Choosing the Appropriate Level of Assurance
Selecting the right assurance service requires balancing:
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Regulatory and contractual needs
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Cost considerations
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Risk tolerance
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Internal resources
We help clients understand the implications of each option and choose an approach that meets requirements without unnecessary scope.
Who These Services Are a Good Fit For
Our financial reporting and assurance services are well suited for:
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Growing businesses not yet subject to audit requirements
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Investment advisers requiring Custody Rule examinations
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Companies seeking external financial reporting credibility
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Management teams that value technical accuracy and clarity
These services are not designed for high-volume or commodity compliance work.
Let’s Discuss Your Reporting or Assurance Needs
If you are evaluating whether a review, compilation, or specialized assurance engagement is appropriate, an initial discussion can help clarify requirements and next steps.