Audits, Reviews and Compilations

An audit consists of expressing an opinion on the reliability of the information in the financial statements.  We have experience auditing local governments, manufacturing, public utilities, health care, lumber, and non-profit organizations.  We also perform a variety of “agreed upon procedures” attest engagements.

Review

A review engagement is a lower level of attest than an audit and results in a limited assurance accountants’ report.  It consists of performing numerous analysis and inquiries of management regarding the information in the financial statements as well as reviewing the financial statements for proper presentation and disclosure.

Compilation

A compilation consists of presenting the financial statements in a format that is consistent with the AICPA's standards. This type of engagement does not include any expression of assurance as to the reliability of the information presented. It is the lowest level of attest service a CPA can provide

Contractual obligations, bank requirements, and corporate by-laws normally dictate the level of service required.

Local Governments

Did you know that Martin Starnes & Associates is a leading provider of governmental audit services? Read more about our services specific to the governmental industry here.