We view these financial reporting services as an opportunity to help you maximize profitability and strengthen your business and administrative practices.
Access to relevant financial information is vital to any business, whether you’re looking to expand or simply evaluate your current operations. For many business owners, the priority of handling day-to-day operations leaves little time or desire to research changing tax codes or balance the books. That’s why aligning with a strategic partner like Crippen can make all the difference.
Our Compilation Engagements are offered to our clients with or without note disclosures, offering varying levels of detail. When we provide a compilation with note disclosures, we strive to comply with GAAP and OCBOA. Our team will take the time to understand your industry and any accounting principles that can be applied to your field. While less time intensive and more affordable than a review or audit, compilations help give your investors, shareholders, or lenders a general understanding of your finances.
The main difference between our Compilation Engagements and our Preparation Engagements is that preparations exclude the formal report and/or note disclosures that are typical with certain Compilation Engagements. These statements are still in compliance with SSARS No. 21, and are the most efficient overview of your finances to share with interested parties whether external or internal.
Do you need projected statements for a new location or for that new loan at the bank? A projection may be your answer. We have assisted many clients with projections for either regulatory compliance or financing needs.