Accounting, Audit and Assurance Services
The level of service that our assurance service teams
offer is strictly dependent upon your business needs. We
provide the following types of services:
- Audit (our highest level of
assurance)
- Review (analytical review with
limited assurance)
- Compilation (client information
provided and no assurance given)
- Agreed‐Upon Procedures
(client‐requested procedures and
reports)
- Accounting Services
The above services are provided to a
diverse group of industries. In today’s
business environment, companies may be
required to or desire to have an independent
and objective certified public accounting
firm such as Kennedy and Coe perform
services to ensure that the client’s
financial statements meet the regulatory and
business requirements under which they
function.
Audits: The auditor performs tests
of your financial records and reviews your
financial statements to determine that the
statements are fairly presented and in
accordance with standards. If the following
situations fit your company, you would
benefit from an audit:
- Regulated industry with audit
requirements mandated by federal or
state agencies
- Requirement of financial institution
that is lending you funds
- Requirement of bonding company
- Absentee owners
- Refinancing debt
- Acquisition of a business
- Stockholder needs
- Customer or vendor requests
- Sale of a business
Reviews: The accountant performs
analytical procedures to your financial
statements in order to provide limited
assurance that those statements are in
accordance with the standards. This lower
level of service may be acceptable in the
situations described under “audits.”
Compilations: Using client‐prepared
financial data, we will prepare a financial
statement and issue a compilation report.
The accountant is not required to make
inquiries or perform other procedures to
collaborate client information.
Agreed‐Upon Procedures: The
agreed‐upon procedures service is tailored
to meet the needs of your organization,
offering only requested procedures and
reports. Our services give credibility to
specified areas of the organization’s
financial or non‐financial information. In
this situation, the scope of services is
more focused than a full audit of your
financial statements. The benefit is that
work is performed only in required areas,
saving time and lowering costs.
Accounting Services: We provide
assistance to organizations regarding the
proper accounting treatment under generally
accepted accounting principles. Our team
members include certified public accountants
with annual continuing education who keep up
to date on generally accepted accounting
principles. We also assist organizations in
drafting financial statements.
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