Auditing Roswell GA
At James N. Cline, CPA, PC, we work side-by-side with our clients and tailor our services to fit their specific needs. We combine personal attention and access with the highest technical expertise and specialized knowledge. Timely communication and responsiveness are hallmarks of our client relationships. These attributes support our objective of helping you reach your financial goals—Auditing Roswell GA.
We pursue excellence by staying on top of current developments and technologies. We stay abreast of industry issues and observe the marketplace so we can analyze provide service and advice tailored to your specific needs and goals. We use our experience and resources to develop industry insights and specialized skills that allow us to bring maximum value to your projects. Together, these factors allow us to deliver superior service and act as a trusted business advisors.
A detailed listing of the services we provide is set out below. Take a look at what we offer and how we can help you or your business.
Accounting and Auditing
Auditing Roswell GA
James N. Cline, CPA, PC, only audits privately held companies. Concentrating on privately held companies means we are free from public company regulations reporting deadlines, disclosure complexities, and risk management issues. As a result, we can focus on what really matters to you and your business.
Audits are usually performed because an outside third party requires an auditor’s opinion on the financial statements. Audits are performed to express an opinion about whether the financial statements are fairly presented and that they conform with generally accepted accounting principles or another financial reporting framework.
Audits are the most comprehensive of all the attest services. Auditing procedures include testing accounting records and examining evidence supporting the amounts and disclosures in the financial statements. Evidence is obtained through inquiries, analytical procedures, physical inspection, observation, and independent confirmation. Additionally, audits require an understanding of the entity and its internal controls.
There are certain assurances that audits are not designed to provide. An audit does not assure or aim to identify deficiencies in internal control. The work performed as part of an audit does give us an understanding of how your company and financial reporting function. This means we may be able to identify issues related to internal controls, processes, inefficiencies, cash flows problems, and company and industry trends. As a result, the work performed during an audit may allow us to provide you with general business advice based on the insights gained during the engagement.
Reviews are usually performed to satisfy third parties who want to ensure that the financial statements are not materially misstated. They provide less assurance to financial statement users than an audit. Also, unlike an audit, there is no expression of an opinion on the financial statements, testing of controls, or financial data. Reviews essentially consist of inquiries of company personnel and analytical procedures applied to financial data.
Compilations provide the lowest level of assurance of the financial statements services. They are often required by outside third parties and internally by companies.
In a compilation, we assist management in presenting their financial information as financial statements in the proper form. Compilations also require us to understand the client’s industry and obtain specific knowledge about the client. Additionally, we read the financial statements and ensure they are free from obvious material errors. They provide no expression of an opinion on the financial statements.
Agreed Upon Procedures
Agreed-upon procedures are performed when the parties involved concur that they want the accountant to perform a specific procedure or set of procedures. They can be useful when you or a third party wants some comfort about a specific area such as inventory or cash but do not need the assurance and related time and expense of a full audit or review. Agreed-upon procedures can deal with the various subject matter, such as the quality of collateral or due diligence related to a business acquisition. In all cases, agreed-upon procedures are solely the responsibility of the parties who specify them, and they never provide an opinion on the subject matter or financial statements.
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