As a business owner, you know how important it is to have a clear picture of the financial health of your organization.
After all, financial statements can often help you make better decisions. If you’ve been asked to audit your financials, you can count on us. After all – when it comes to an audit, sometimes less is more. Sometimes, a compilation or review could meet your needs.
BerganKDV will analyze your unique assurance situation to determine which level of reporting is necessary. We can help you with:
Audits are an extensive process and are appropriate when you need to provide a high level of assurance to outside parties. After all, financial statements that are audited by respected accountants give lenders and investors the confidence they need to support you.
Reviews are less extensive than audits. They may be adequate if your business must report your financial position to third parties, such as creditors or regulatory agencies. A review provides what is often referred to as “limited assurance” that financial statements conform to prescribed accounting principles with no material changes.
Compilations, or basic financial statements, represent the most basic level of assurance. In a compilation, we must comply with certain basic requirements of professional standards, such as having knowledge of your industry’s accounting principles and practices.
The BerganKDV team can also help you with the following services that go beyond financial statements:
- Forecasts and projections
- Internal control reviews
- Agreed-upon procedures engagements
- Reviews of accounting systems
- M&A due diligence
- Employee benefit plan audits, such as 401(k), 403(b), ESOP and health and welfare plans