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Assurance Services

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Reviewed Financial Statements

 

A review is less intensive than an audit. Analytic tools and inquiries of management are the primary activities performed, along with obtaining an understanding of the entity and the components of the financial statements. All review services are performed in accordance with the Statements on Standards for Accounting and Review Services (SSARS). The goal of a review is the issuance of an accountants report providing limited assurance that there are no material misstatements in the financial statements and stating that the CPA is not aware of any material modifications that should be made to the financial statements in order for them to be in conformity with GAAP or OCBOA.

Compiled Financial Statements

 

A compilation is the least intensive financial statement service available through a CPA and the only attest engagement that can be performed by a CPA that is not independent with respect to the client. A compilation does not involve any assurance or testing of the financial statements but involves presenting financial information provided by the client in the form of financial statements that are in conformity with GAAP or OCBOA.

Agreed-Upon Procedures

In addition to the services provided above, Pieper & Associates performs a broad scope of individually tailored agreed-upon procedures assurance services. An agreed-upon procedures engagement involves outlining with the client specific procedures within an entity which the CPA will test and issue an opinion on. Due to the open-ended nature of such an engagement, the scope and objectives of the testing to be performed are clearly identified and communicated prior to starting the project. Agreed-upon procedures engagements may range from forensic accounting analysis, to limited tests of controls, to operational procedures testing.

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