Types of Services
When you need an objective eye to analyze and report on the financial status of your business, we are there to help. We provide financial reporting on all three levels of assurance:
- Audit-an intensive and objective examination of your financial records, with the highest level of assurance.
An audit provides the expression of an opinion as to whether financial statements are fairly stated, in all material respects, in accordance with generally accepted accounting principles. We perform test of your financial data, confirm information with third parties as necessary, analyze the information for unusual trends or relationships, and obtain an understanding of your company's internal control and how it impacts the financial reporting process.
- Review-some analysis of financial records, with limited assurance.
A review involves more limited procedures, primarily inquiries of management and analytical procedures applied to financial data. Based on these procedures, we report to you whether we are aware of any material modifications that should be made to the financial statements in order for them to be in conformity with generally accepted accounting principles. More limited in scope than an audit, a review may provide a cost-effective alternative for obtaining limited assurance with respect to the financial statements.
- Compilation-report based on client-supplied information, primarily for internal use.
A compilation is limited to preparing a report in the form of a financial statement based on information provided by the company. Compilations are primarily prepared for internal company analysis of the financial condition of the entity. Because the process includes no verification procedures, assurances are unable to be provided related to the financial statements prepared.
Why Kiesling
Kiesling Associates is committed to delivering audit services that provide clients the assurance of having financial statements that fairly state their financial condition. We communicate our findings and provide knowledgeable insight throughout the audit process. We prepare final reports that go beyond routine detail to arrive at our opinion.
The professionals at Kiesling Associates train to understand the client’s business, their industry and internal controls.
Kiesling Associates accounting and assurance services operate from values shared across the firm of reputation, relationships and integrity. These values create a culture that motivates us to develop audits that are objective, independent and provided in a manner that is mutually agreeable to the client.
What can you expect from Kiesling Associates' audit services?
- Experienced audit teams
- Open communication in all phases of the audit from planning to completion
- Candid professional advice in addition to assurance on the basic financial statements
- Proactive responses to issues that emerge; including identifying potential solutions