Williams & Company PC is pleased to provide comprehensive audit, review, and compilation services to businesses and organizations. Before you head off to see your lender, creditor, grantor, bonding company, regulator, potential purchaser, or anyone else requiring a report of your financial situation, you’ll want to make sure that your financial statements are properly prepared, in order, and free of error. Audit, review, and compilation are three distinct services that come together to provide for the organization and integrity of your company’s financial situation as it’s represented on paper.
What Can Audit, Review, & Compilation Do For You?
The compilation of your financial statements is a necessary step before any inquiry or transaction with your bank, lender, investor, etc. Reviews and audits are two levels of verification that can smooth the lending or purchasing process at-hand and are often required by a lender, regulator, or granting agency. Compiling, reviewing, and auditing your financial statements with a professional auditor will expediate the process and alleviate any headaches that could potentially arise with your current endeavor.
We can provide compilation, review, and audit services for commercial entities, governmental organizations, health care organizations, nonprofit organizations, and other specialized niche industries. With our wealth of experience, you can rest assured that our reports are accurate and useful in refining transactions and operational procedures.
At Williams & Company PC, we provide:
COMPILATION | If you require compilation services, we will assist you in presenting your information in the form of financial statements. This is the least extensive form of service Williams & Company provides; it does not offer any assurance or attest to the level of accuracy within the information presented.
REVIEW | The purpose of the review is to assure the end-user/entity that the financial statements presented are in conformity with the applicable financial reporting framework. This service provides limited assurance and is less extensive than the audit.
AUDIT | The audit is the most extensive of this group of services. Financial statement audits provide the end-user/entity with the auditor’s professional opinion of the financial reporting. This service includes Internal Control and Fraud & Risk Evaluation.
AGREED UPON PROCEDURES | We haven’t met your needs yet? We can tailor our procedures to perform specific steps that give you exactly what you’re looking for. This cost-effective option results in a report detailing each step performed and any deviations noted.
With extensive experience providing full-service tax and accounting to the agriculture and farming industry, we are intimately familiar with cash flow management, depreciation and tax benefits for farmers, and the USDA farm program and FSA requirements. We can also answer...read more
We understand the difficult balance of managing your business and delivering high-quality patient care while also managing complex accounting tasks. Relieve yourself of time-consuming back-office accounting work by outsourcing it to our team of experts....read more
If you have retirement on your mind, the big question is this: Are you in a financial position to do so? While nothing replaces the advice of a seasoned advisor, you can take your first step to answering this question by applying a simple 5-step calculation.
If you’re not a fan of Black Friday chaos—you know…the crowds, the rush, the relentless search for a parking space—then ditch the onsite shopping this year while still enjoying the sweet deals.
The Department of Labor (DOL) announced a final rule that allows a much larger pool of employees to earn overtime if they work more than 40 hours per week. Specifically, the DOL raised the salary level for employees who are counted as “exempt” (or unable to earn overtime pay).