There’s a reason why compilations, reviews or audits of your organization’s financial data are called assurance services. They assure you – and your bankers, business partners or possible merger partners – that your business reporting is financially accurate.
Assurance services are also a valuable business tool that can help you identify changes you need to make in your operations to assist your organization’s success. The financial data can provide the following:
Help owners and/or managers make operating decisions
Enable banks and creditors to evaluate credit applications
Provide individuals with information to make investment decisions
Provide constructive solutions for maximizing your organization’s profitability and efficiency
We provide the following assurance services for businesses, governments, and not-for-profit organizations.
Audit – an intensive examination with the highest level of assurance to third parties, and includes in-depth examination and confirmation of account balances and selected transactions.
Review – some analytical procedures conducted with limited assurance to outside interests and involve inquiries and analytical procedures that confirm financial statement matters and identifies any items requiring further analysis.
Compilation – based upon client information provided and used primarily for internal use.
We recommend the following for financial statements:
Comparison columns – To show a general trend of how your organization is doing.
Percentage columns – To further explain trends.
Develop budgets – Your business should not be afraid to amend the budgets throughout the year for items that have changed from your plan. Budgets set the course for success.
Comparison to benchmarks – We can compare your financials to your US competitors, nationwide or regional.
Our assurance services not only provide credibility, but also enhance your financial reporting by the personal attention and business advice we provide to each of our clients.
Our clients understand that we are committed to integrity and ethics. We emphasize independence and objectivity to ensure we maintain a high level of confidence in the assurance services we provide.
We offer a tailored approach, which is achieved through regularly scheduled meetings, early planning and knowledge of your operation functions. This helps us identify key areas that enable us to tailor our procedures to the unique aspects of your operations. The result is an effective and efficient service performed in a timely manner by highly qualified professionals.
At McMill CPAs & Advisors, we go above and beyond examining the facts and figures of your financial reports. We provide the following as part of our service:
Provide Management Suggestions – We provide management with suggestions on how to improve your organization and review the implications of both current and future transactions.
Search for Opportunities – Our team will search for opportunities that will increase your organization’s performance and efficiency. Suggestions may vary from office and technology efficiencies, compliance with laws and regulations to ideas on increasing services or improving your bottom line.
Formal Presentation – We present the financial statement and suggestions to the owners or board of the organization. This gives us a chance to go over the financial information and answer any questions that may arise. This provides a very beneficial question and answer period.
In addition to providing the assurance services described above, we also provide Business Consulting Services to assist you with the development or improvement of your financial reporting systems.
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McMill CPAs & Advisors
125 S 4th St.
Norfolk, NE 68701
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