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FINANCIAL

FINANCIAL REPORTING

 

At Propp Christensen Caniglia LLP, our financial reporting services are built on a deep understanding of your business and the challenges you face in achieving your goals. We work with you to help your business prosper while keeping your goals in mind each step of the way.

PCC provides a full complement of traditional financial reporting services but our value lies beyond presenting historical financial statements. Our clients receive a unique combination: professionally conducted reporting and innovative suggestions and recommendations that help you make decisions to enhance the longevity and prosperity of your business.

PCC professionals examine and attest to our clients’ financial statements following the professional standards. Our financial reports are routinely used by businesses, banks, sureties, and regulatory agencies to form a dependable basis on which sound decisions and strategies can be built.

PCC offers a full range of comprehensive financial reporting including:

  • Audits
  • Reviews
  • Compilations
  • Preparation engagements
Which service is right for you?

An audit may be required or preferred by your investors, creditors, and other users of financial statements because it provides the highest level of assurance of the fair presentation of a company’s financial statements. We will perform procedures to determine that account balances are fairly stated, and that the company includes in its financial statements all required disclosures. These procedures are tailored specifically to each company, as well as the industry in which the company operates.

A review of your business’s financial statement may be regarded as the minimum level of assurance that banks require for debt agreements. During a review, our accountants will analyze and report on financial position and results of operations. Review procedures include inquiry and analysis.

A compilation report states that no assurance on the financial statement is provided. Compiled financial statements present information provided by management in a financial statement format.

A preparation engagement, like a compilation, is a nonassurance service. However, unlike a compilation, there is no disclosure requirement regarding independence, and the financial statements do not have to be accompanied by a report.

PCC professionals can help you decide which level is most appropriate for your needs and budget. Confidence in reporting financial results is critical for business owners, financial managers, board members, investors and creditors.