- Audit - the highest level of assurance through financial statement examination supported by rigorous outside verification and transaction testing.
- Review - a second level provides limited assurance of a client's financial statements following a succession of analytical procedures, inquiries, and industry-wide comparisons.
- Compilation - a base level consisting of financial information, provided by a client, prepared in a financial statement format without verification or opinion.
- Agreed-upon procedure - only looks at a specific piece of a financial statement, in most cases through the request of a specific user.
We have experience in performing audits in accordance with Generally Accepted Government Auditing Standards (Yellow Book Audits) - this type of audit is geared toward financial statement reporting, but additional audit procedures are required, such as assessing internal controls and certain compliance issues. As with a financial statement audit, the objective of a yellow book audit is to provide an opinion on whether the financial statements are free of a material misstatement.
