We provide four levels of service for private and closely-held companies. The level of service we provide you will be determined by your specific needs and the requirements of your creditors and/or investors.
We also offer audits of employee benefits plans, internal audit services, preparation of cost reports, operational audits and Federal Acquisition Regulation (FAR) overhead audits.
What is an Audit?
An audit provides the highest level of assurance that an organization’s financial statements are presented fairly, in all material respects, in conformity with the applicable accounting framework.
What is a Review?
Similar to an audit, but less in scope, a review provides a client with the limited assurance that the accountant is not aware of any material modifications that should be made to the financial statements to be in conformity with the applicable accounting framework.
What is a Compilation?
A compilation is the most basic level of service Whalen & Company offers: assistance with presentation of financial information without assurance.
What are Agreed Upon Procedures?
Typically, a business owner is interested in having an independent Certified Public Accountant (CPA) review specific financial elements to determine their accuracy or functionality.
Contact Whalen & Company, CPAs today to learn how we can add value to your business!