CLIENT LOGIN WHY US? WHO WE ARE WHAT WE DO INDUSTRIES RESOURCES CONTACT Financial Statements Where is your business today? Where is it going? A financial statement engagement with The Accountancy delivers significant actionable intelligence for the health of your business. It also tells your lenders, advisors and stakeholders that you value transparency and credibility and are willing to invest for the right outcomes. Known as audit, attestation or assurance, financial statement services are available in several degrees of rigor. Each one provides a different level of assurance as to the testing and examination of records, and the related opinions as to the fairness of presentation of the financial statements taken as whole. Which one you need depends on the purpose of the report and the complexity of your business. We will guide you to the right choice. Certified Audit An audit, or certified audit, is the highest level of financial statement service. While privately held companies are not legally required to have audits performed, some lenders require audited financial statements in their loan covenants, or there may be other reasons why you may need audited financials. To perform an audit, the CPA follows a professionally mandated process to observe, test and confirm that the company’s financial statements are free from material misstatement and conform to Generally Accepted Accounting Principles (GAAP). Review A review provides limited assurance that the financial statements require no material modifications to be in conformity with GAAP. To make this assessment, the CPA performs a number of audit and/or analytical procedures to identify the accounting practices used by the company, and uncover any unusual items or trends in the financial statements. Compilation A compilation is the most basic level of attestation service, but it is often the most useful for privately held companies. Compilations rely solely on data provided by company management. The goal is to compile and present the company’s financial information in a standard financial statement format, but the CPA provides no assurance that the financial statements are accurate or free from material misstatements, nor that they conform to GAAP. Internal Financial Statement Preparation This option is intended for internal use, and is valuable for bookkeeping clients, smaller business clients, or clients in the development phase growing into a regular financial reporting model. This service provides no opinion, conclusion or assurance from the CPA, but results in professionally prepared financial statements based on management-provided data. To ensure the quality and professionalism of our work, The Accountancy participates in an ongoing peer review and quality control process with the American Institute of CPAs and the California Society of CPAs. Looking for fresh ideas when it comes to certified financial statements? Just call us at 818-547-5701, or contact: Kirby Higashi Partner (818) 547-5701 ext. 343 Kirby@theaccountancy.com Argin Mahmoodi Partner (818) 547-5701 ext. 351 Argin@theaccountancy.com Need more clarity with your financial metrics? We offer a complimentary, no-obligation ProfitCents Ratio Analysis of your Key Performance Indicators (KPIs). GET STARTED Work With Us OFFICE LOCATIONS 500 North Brand Blvd., 20th Floor Glendale, CA 91203 123 South Marengo Ave., Suite 200 Pasadena, CA 91101 CONTACT MAILING ADDRESS: P.O. Box 11090 Glendale, CA 91226 EMAIL: info@theaccountancy.com PHONE: (818) 547 5701 FAX: (818) 547 5708 Copyright © 2021 The Accountancy. All Rights Reserved. Privacy Policy | Terms & Conditions | Business Continuation Plan | Site Map