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Financial Statement Review Services

Elevate your financial confidence with our precise and thorough financial statement review services, ensuring accuracy and clarity for a stronger financial outlook. 

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Ensure Your Businesses Financial Statements are within Compliance

Growth is good, but increasing your business’ productivity and profitability as you grow is even better.

Financial statements are critical to building and maintaining stakeholder trust and making financially informed decisions. Having an external CPA review your financials instills this confidence. But, not every business must complete an extensive audit. In these cases, you need financial statement review services from a third party like DHJJ.

DHJJ Financial Statement Review Process

We examine your bookkeeping processes and controls. Next, we assess financial statements using data analytics, benchmarks, established metrics, previous years’ financial statements, and years of industry-specific expertise to see if financial statements look in order.

By providing limited assurance, our CPA states that we did not find “material modifications “needed. That means nothing stands out that would bring into question the accuracy of your statements. If material modifications are needed, they must be addressed before our CPA can sign off on the review. As your CPA partner, we can provide financial consultation and guide you in producing compliant financial statements.

Financial Statement Services

 

Financial Statement Preparation

We prepare compliant financial statements based on the documentation you provide to us. This service does not assure that the information is correct, only that the financial statements accurately reflect the provided documents. 

 

Financial Statement Compilations

We apply our accounting and industry expertise to generate the financial statements you request based on your bookkeeping records and ensure they are presented as they should be. As with preparation, no assurance of accuracy is provided. 

 

Financial Statement Review Services

We look at your internal financial processes and controls before assessing your financial statements’ plausibility based on metrics, past statements, etc. With financial statement review services, the CPA provides limited assurance that no material modifications are needed. The statements appear to be complete. 

 

Financial Statement Audit

An audit is an in-depth review of your internal accounting processes, controls, documentation, and record-keeping. It often involves an audit team with assigned tasks and deadlines. If documentation is missing, it must be obtained before a CPA can complete the audit and provide reasonable assurance that the financial statements do not contain material misstatements. Material misstatements are those that are significant enough that they could influence the decisions of stakeholders. Some businesses are required to obtain this highest level of audit and assurance. 

Who Needs Financial Statement Reviews?

A lender can require a business owner (including any self-employed person) to hire a CPA to complete financial statement review services before giving you a personal or business loan. The CPA will provide limited assurance to the lender that the financial statements are plausible. Investors may request it as well.

Companies not required by law to have a formal audit should consider hiring an external CPA to complete a financial statement review. This can assure you that your statements stand up to scrutiny if you need to quickly raise capital, sell your company, or get a loan. It reassures existing stakeholders that you’re taking steps to maintain financial compliance.

DHJJ provides a full range of financial statement services. DHJJ CPAs have industry expertise and want to become your long-term financial partners.

 

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