Audited, Reviewed & Compiled Financial Statements
J. Oaks, CPA, MBA, LLC's is a “AICPA Peer-Reviewed” Firm and offers financial statement services consisting of all three levels of assurance depending on your company's needs.
Audits offer the highest level of assurance to third parties, and include in-depth examination and confirmation of account balances, inventories, and selected transactions. We perform audits for you to remove errors, ascertaining the validity and reliability of your information. Reviews provide limited assurance to outside interests and involve inquiries and analytical procedures that confirm financial statement matters and identify any items requiring further analysis. We perform reviews to ensure the integrity of your data.
Compilations are based on information provided by a company's management. We take your financial data and put it in the form of financial statements which conform to U.S. Generally Accepted Accounting Principles (or Modified Cash basis), which may involve some adjustment to the accounting records. Although this type of statement does not offer the kind of assurance an Audit might, or even the limited assurance of a Review, some institutions may be willing to accept this level of financial statement preparation as a cost effective way of obtaining financial data.
Audits offer the highest level of assurance to third parties, and include in-depth examination and confirmation of account balances, inventories, and selected transactions. We perform audits for you to remove errors, ascertaining the validity and reliability of your information. Reviews provide limited assurance to outside interests and involve inquiries and analytical procedures that confirm financial statement matters and identify any items requiring further analysis. We perform reviews to ensure the integrity of your data.
Compilations are based on information provided by a company's management. We take your financial data and put it in the form of financial statements which conform to U.S. Generally Accepted Accounting Principles (or Modified Cash basis), which may involve some adjustment to the accounting records. Although this type of statement does not offer the kind of assurance an Audit might, or even the limited assurance of a Review, some institutions may be willing to accept this level of financial statement preparation as a cost effective way of obtaining financial data.