Audits are a useful tool. Although audits are often required by a regulatory authority, the information obtained though audit process can assist management in improving business operations as well as guide future decision making efforts.
Attestation services are assurance engagements that require procedures to be applied to financial reporting processes and controls, but do not necessarily require an audit.
Compilation & Review
Many of our clients have assurance needs, but do not find themselves in need of audit services. Reviews and compilations are narrower in scope than audits, but still provide financial statements. Compilations and review services are performed in accordance with the Statements on Standards for Accounting and Review Services issued by the American Institute of Certified Public Accountants.