At FMC, our team of professionals listens to our clients, evaluates data, analyzes financial statements, and designs a unique approach to each engagement. Our primary objective is to provide high quality professional services to our clients at a reasonable cost and to cultivate a relationship that adds value.
Our Audit & Assurance Services include:
As part of an independent audit, the CPA examines and tests the financial statements in order to provide the highest level of assurance. An audit includes the CPA's opinion as to whether the financial statements "present fairly in all material respects" the entity's financial position and results of operations in conformity with generally accepted accounting principles.
A review provides limited assurance that the financial statements are free of material misstatements. Essentially, a review is designed to determine whether the financial statements "make sense" without conducting more comprehensive procedures.
Compilations are appropriate when business owners or management need help and there is no external requirement for reviewed or audited financial statements to be provided to a third party or a regulatory agency. Compilations provide no assurance as to whether material changes are necessary for the financial statements to be in conformity with generally accepted accounting principles.