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.
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To celebrate our 90th firm anniversary, the shareholders gifted staff and families a fun weekend in Omaha.
We met with fellow members of the ISCPA as well as ISCPA leadership, including CEO Cindy Adams and President Rod Foster. Iowa Dept. of Revenue Director Kraig Paulsen provided some insight to his department and how they are going to modernize it over the next 3-5 years. Once we arrived at the Capitol, State Auditor Rob Sand gave us some highlights regarding the State Auditor’s office and what has been going on during his first year in office.