{"id":338,"date":"2019-10-31T07:42:27","date_gmt":"2019-10-31T07:42:27","guid":{"rendered":"https:\/\/www.theaccountancy.com\/?page_id=338"},"modified":"2022-01-04T17:13:24","modified_gmt":"2022-01-05T01:13:24","slug":"certified-financial-statements","status":"publish","type":"page","link":"https:\/\/www.theaccountancy.com\/what-we-do\/certified-financial-statements\/","title":{"rendered":"Certified Financial Statements"},"content":{"rendered":"

[vc_row css_animation=”” row_type=”row” use_row_as_full_screen_section=”no” type=”full_width” angled_section=”no” text_align=”left” background_image_as_pattern=”without_pattern”][vc_column][qode_elements_holder number_of_columns=”two_columns” custom_class=”reverse-items h-900″][qode_elements_holder_item cover=”yes” advanced_animations=”no” background_image=”2297″ item_padding_600_768=”300px 0px 0px” item_padding_480_600=”300px 0px 0px” item_padding_480=”300px 0px 0px”][\/qode_elements_holder_item][qode_elements_holder_item advanced_animations=”no” item_padding=”100px” item_padding_600_768=”10px 30px 60px” item_padding_480_600=”10px 30px 60px” item_padding_480=”10px 30px 60px”][vc_column_text el_class=”tax-services w-615 e-centered”]<\/p>\n

Financial Statements<\/p>\n

Where is your business today? Where is it going?<\/h1>\n

A financial statement engagement with The Accountancy delivers significant actionable intelligence for the health of your business. It also tells your lenders, advisors and stakeholders that you value transparency and credibility and are willing to invest for the right outcomes.<\/p>\n

Known as audit, attestation or assurance, financial statement services are available in several degrees of rigor. Each one provides a different level of assurance as to the testing and examination of records, and the related opinions as to the fairness of presentation of the financial statements taken as whole. Which one you need depends on the purpose of the report and the complexity of your business. We will guide you to the right choice.[\/vc_column_text][\/qode_elements_holder_item][\/qode_elements_holder][\/vc_column][\/vc_row][vc_row css_animation=”” row_type=”row” use_row_as_full_screen_section=”no” type=”full_width” angled_section=”no” text_align=”left” background_image_as_pattern=”without_pattern”][vc_column][qode_elements_holder number_of_columns=”two_columns” custom_class=”h-900″][qode_elements_holder_item cover=”yes” advanced_animations=”no” background_image=”348″ item_padding_600_768=”300px 0px 0px” item_padding_480_600=”300px 0px 0px” item_padding_480=”300px 0px 0px”][\/qode_elements_holder_item][qode_elements_holder_item vertical_alignment=”middle” advanced_animations=”no” item_padding=”150px 100px” item_padding_600_768=”60px 30px” item_padding_480_600=”60px 30px” item_padding_480=”60px 30px”][vc_column_text]<\/p>\n

Certified Audit<\/h1>\n

An audit, or certified audit, is the highest level of financial statement service. While privately held companies are not legally required to have audits performed, some lenders require audited financial statements in their loan covenants, or there may be other reasons why you may need audited financials.<\/p>\n

To perform an audit, the CPA follows a professionally mandated process to observe, test and confirm that the company\u2019s financial statements are free from material misstatement and conform to Generally Accepted Accounting Principles (GAAP).[\/vc_column_text][\/qode_elements_holder_item][\/qode_elements_holder][\/vc_column][\/vc_row][vc_row css_animation=”” row_type=”row” use_row_as_full_screen_section=”no” type=”full_width” angled_section=”no” text_align=”left” background_image_as_pattern=”without_pattern”][vc_column][qode_elements_holder number_of_columns=”two_columns” custom_class=”reverse-items h-900″][qode_elements_holder_item cover=”yes” advanced_animations=”no” background_image=”347″ item_padding_600_768=”300px 0px 0px” item_padding_480_600=”300px 0px 0px” item_padding_480=”300px 0px 0px”][\/qode_elements_holder_item][qode_elements_holder_item vertical_alignment=”middle” advanced_animations=”no” item_padding=”156px 100px” item_padding_600_768=”60px 30px” item_padding_480_600=”60px 30px” item_padding_480=”60px 30px”][vc_column_text]<\/p>\n

Review<\/h1>\n

A review provides limited assurance that the financial statements require no material modifications to be in conformity with GAAP. To make this assessment, the CPA performs a number of audit and\/or analytical procedures to identify the accounting practices used by the company, and uncover any unusual items or trends in the financial statements.[\/vc_column_text][\/qode_elements_holder_item][\/qode_elements_holder][\/vc_column][\/vc_row][vc_row css_animation=”” row_type=”row” use_row_as_full_screen_section=”no” type=”full_width” angled_section=”no” text_align=”left” background_image_as_pattern=”without_pattern”][vc_column][qode_elements_holder number_of_columns=”two_columns” custom_class=”h-900″][qode_elements_holder_item cover=”yes” advanced_animations=”no” background_image=”346″ item_padding_600_768=”300px 0px 0px” item_padding_480_600=”300px 0px 0px” item_padding_480=”300px 0px 0px”][\/qode_elements_holder_item][qode_elements_holder_item vertical_alignment=”middle” advanced_animations=”no” item_padding=”180px 100px” item_padding_600_768=”60px 30px” item_padding_480_600=”60px 30px” item_padding_480=”60px 30px”][vc_column_text]<\/p>\n

Compilation<\/h1>\n

A compilation is the most basic level of attestation service, but it is often the most useful for privately held companies. Compilations rely solely on data provided by company management. The goal is to compile and present the company\u2019s financial information in a standard financial statement format, but the CPA provides no assurance that the financial statements are accurate or free from material misstatements, nor that they conform to GAAP.[\/vc_column_text][\/qode_elements_holder_item][\/qode_elements_holder][\/vc_column][\/vc_row][vc_row css_animation=”” row_type=”row” use_row_as_full_screen_section=”no” type=”full_width” angled_section=”no” text_align=”left” background_image_as_pattern=”without_pattern”][vc_column][qode_elements_holder number_of_columns=”two_columns” custom_class=”reverse-items h-900″][qode_elements_holder_item cover=”yes” advanced_animations=”no” background_image=”345″ item_padding_600_768=”300px 0px 0px” item_padding_480_600=”300px 0px 0px” item_padding_480=”300px 0px 0px”][\/qode_elements_holder_item][qode_elements_holder_item vertical_alignment=”middle” advanced_animations=”no” item_padding=”120px 100px” item_padding_600_768=”60px 30px” item_padding_480_600=”60px 30px” item_padding_480=”60px 30px”][vc_column_text]<\/p>\n

Internal Financial Statement Preparation<\/h1>\n

This option is intended for internal use, and is valuable for bookkeeping clients, smaller business clients, or clients in the development phase growing into a regular financial reporting model. This service provides no opinion, conclusion or assurance from the CPA, but results in professionally prepared financial statements based on management-provided data.[\/vc_column_text][\/qode_elements_holder_item][\/qode_elements_holder][\/vc_column][\/vc_row][vc_row css_animation=”” row_type=”row” use_row_as_full_screen_section=”no” type=”grid” angled_section=”no” text_align=”left” background_image_as_pattern=”without_pattern” z_index=”” background_image=”344″ el_class=”h-400″][vc_column][vc_empty_space height=”165px”][vc_column_text el_class=”text-white”]<\/p>\n

To ensure the quality and professionalism of our work, The Accountancy participates in an ongoing peer review and quality control process with the American Institute of CPAs and the California Society of CPAs.<\/p>\n

[\/vc_column_text][vc_empty_space height=”165px”][\/vc_column][\/vc_row][vc_row css_animation=”” row_type=”row” use_row_as_full_screen_section=”no” type=”full_width” angled_section=”no” text_align=”left” background_image_as_pattern=”without_pattern”][vc_column][qode_elements_holder number_of_columns=”one_column”][qode_elements_holder_item vertical_alignment=”middle” advanced_animations=”no” background_color=”#333333″ item_padding=”100px 250px” item_padding_600_768=”60px 30px” item_padding_480_600=”60px 30px” item_padding_480=”60px 30px”][vc_column_text el_class=”text-white”]<\/p>\n

Looking for fresh ideas when it
\ncomes to certified financial statements?<\/h1>\n

Just call us at 818-547-5701<\/a><\/span>, or contact:<\/p>\n

[\/vc_column_text][\/qode_elements_holder_item][\/qode_elements_holder][qode_elements_holder background_color=”#333333″ number_of_columns=”two_columns”][qode_elements_holder_item advanced_animations=”no” item_padding=”0px 120px 100px 300px” item_padding_600_768=”0px 50px” item_padding_480_600=”0px 50px” item_padding_480=”0px 50px” item_padding_1024_1280=”0px 50px 100px 100px” item_padding_768_1024=”0px 50px 100px 50px” custom_class=”profile-card”][vc_row_inner row_type=”row” type=”full_width” text_align=”left” css_animation=””][vc_column_inner][vc_single_image image=”1175″ img_size=”full” alignment=”center” onclick=”custom_link” qode_css_animation=”” el_class=”sb-purple-top-right” link=”https:\/\/www.theaccountancy.com\/who-we-are\/our-team\/kirby-higashi-2\/”][\/vc_column_inner][\/vc_row_inner][vc_empty_space][vc_column_text el_class=”centered-items”]<\/p>\n

Kirby Higashi<\/a><\/span><\/h4>\n

[\/vc_column_text][vc_column_text el_class=”text-white centered-items”]Partner
\n(818) 547-5701 ext. 343<\/a><\/span>
\nKirby@theaccountancy.com<\/a><\/span>[\/vc_column_text][\/qode_elements_holder_item][qode_elements_holder_item advanced_animations=”no” item_padding=”0px 300px 100px 120px” item_padding_600_768=”50px” item_padding_480_600=”50px” item_padding_480=”50px” item_padding_1024_1280=”0px 100px 100px 50px” item_padding_768_1024=”0px 50px 100px 50px” custom_class=”profile-card”][vc_row_inner row_type=”row” type=”full_width” text_align=”left” css_animation=””][vc_column_inner][vc_single_image image=”1137″ img_size=”full” alignment=”center” onclick=”custom_link” qode_css_animation=”” el_class=”sb-purple-top-right” link=”https:\/\/www.theaccountancy.com\/who-we-are\/our-team\/argin-mahmoodi-2\/”][\/vc_column_inner][\/vc_row_inner][vc_empty_space][vc_column_text el_class=”centered-items”]<\/p>\n

Argin Mahmoodi<\/a><\/span><\/h4>\n

[\/vc_column_text][vc_column_text el_class=”text-white centered-items”]Partner
\n(818) 547-5701 ext. 351<\/a><\/span>
\nArgin@theaccountancy.com<\/a><\/span>[\/vc_column_text][\/qode_elements_holder_item][\/qode_elements_holder][\/vc_column][\/vc_row][vc_row css_animation=”” row_type=”row” use_row_as_full_screen_section=”no” type=”grid” angled_section=”no” text_align=”center” background_image_as_pattern=”without_pattern” z_index=”” background_image=”344″][vc_column][vc_empty_space height=”95px”][vc_column_text el_class=”text-white”]<\/p>\n

Need more clarity with<\/h1>\n

your financial metrics?<\/h1>\n

We offer a complimentary, no-obligation ProfitCents Ratio Analysis of your Key Performance Indicators (KPIs).<\/p>\n

[\/vc_column_text][vc_empty_space]GET STARTED<\/a>[vc_empty_space height=”95px”][vc_empty_space height=”55px” el_class=”mobile-only”][\/vc_column][\/vc_row]<\/p>\n<\/div>","protected":false},"excerpt":{"rendered":"

[vc_row css_animation=”” row_type=”row” use_row_as_full_screen_section=”no” type=”full_width” angled_section=”no” text_align=”left” background_image_as_pattern=”without_pattern”][vc_column][qode_elements_holder number_of_columns=”two_columns” custom_class=”reverse-items h-900″][qode_elements_holder_item cover=”yes” advanced_animations=”no” background_image=”2297″ item_padding_600_768=”300px 0px 0px” item_padding_480_600=”300px 0px 0px” item_padding_480=”300px 0px 0px”][\/qode_elements_holder_item][qode_elements_holder_item advanced_animations=”no” item_padding=”100px” item_padding_600_768=”10px 30px 60px” item_padding_480_600=”10px 30px 60px” item_padding_480=”10px 30px 60px”][vc_column_text el_class=”tax-services w-615 e-centered”] Financial Statements Where is your business today? Where…<\/p>\n","protected":false},"author":2,"featured_media":0,"parent":85,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"full_width.php","meta":{"_vp_format_video_url":"","_vp_image_focal_point":[],"footnotes":""},"class_list":["post-338","page","type-page","status-publish","hentry"],"yoast_head":"\nWhat We Do - Certified Financial Statements | The Accountancy<\/title>\n<meta name=\"description\" content=\"A financial statement engagement with The Accountancy delivers significant actionable intelligence for the health of your business.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.theaccountancy.com\/what-we-do\/certified-financial-statements\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"What We Do - Certified Financial Statements | The Accountancy\" \/>\n<meta property=\"og:description\" content=\"A financial statement engagement with The Accountancy delivers significant actionable intelligence for the health of your business.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.theaccountancy.com\/what-we-do\/certified-financial-statements\/\" \/>\n<meta property=\"og:site_name\" content=\"The Accountancy\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/theaccountancyglendale\" \/>\n<meta property=\"article:modified_time\" content=\"2022-01-05T01:13:24+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.theaccountancy.com\/wp-content\/uploads\/2019\/12\/The-Accountancy-Cover.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1024\" \/>\n\t<meta property=\"og:image:height\" content=\"555\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:site\" content=\"@AccountancyThe\" \/>\n<meta name=\"twitter:label1\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data1\" content=\"8 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.theaccountancy.com\/what-we-do\/certified-financial-statements\/\",\"url\":\"https:\/\/www.theaccountancy.com\/what-we-do\/certified-financial-statements\/\",\"name\":\"What We Do - 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