Financial Statement Audits, Reviews, and Accounting
Financial statements help owners and managers make decisions and allow outside parties to evaluate the financial strength of an entity. When we provide assurance services we strive to be much more than just an auditor or independent accountant offering a report on your financial statements.
Our goal is to develop an understanding of your business operations and goals, allowing us to make proactive recommendations and assist you in addressing business issues. We want to be your most trusted advisor.
Determining the Level of Service You Need
The American Institute of Certified Public Accountants (AICPA) has standards that allow CPAs to offer three traditional levels of assurance on financial statements. Those three levels of assurance include audits, reviews and compilations. We can help you determine which level of service best meets your needs:
Audits—An audit entails understanding internal controls, outside verification of selected items and many other detailed procedures that allow us to render an opinion on the financial statements.
Reviews—During a review, we make certain inquiries and perform analytical procedures that allow us to express limited assurance on the financial statements.
Compilations—A compilation entails obtaining information from your staff and placing it in the form of financial statements, without expressing an opinion or assurance on them.
In certain situations, instead of one of the traditional assurance services listed above, it may be advantageous for us to provide agreed-upon procedures or customized consulting services to achieve your objectives. We will help you evaluate the alternatives to determine the best way to meet your needs.
Helping You Achieve Long-term Growth and Profitability
Traditional assurance services help you evaluate the past and present. Our advisory services help you look to the future. Through on-going contact, we will gain an understanding of your business and help you address the problems you face in an ever-changing environment. We strive to be your business partner and full-service consultant. We can assist you in the following areas:
- Operational audits
- Forecast and projections
- Due diligence assistance and acquisition assistance
- Determining appropriate performance measurements
- Monitoring operations using focus reporting on margins, productivity, payroll, etc.
- Compensation and incentive planning
- Profitability and cost analysis
- Financing assistance
- And many more…
We are Responsive, Resourceful and Offer You the Relationship You Deserve
At Vrakas/Blum, we build a customized team of professionals around you to create an environment that fosters resourcefulness and responsiveness, and provides the relationship that you and your business deserve.
Responsiveness is key to client satisfaction and efficient workflow. We are different because we are committed to you! We have developed a culture of urgency and intensity that sets us apart from the competition and allows us to be responsive to your needs.
We are resourceful! We do not just identify problems, we help solve them! We invest in quality, experienced professionals, technology and training. We attend regional and national conferences and events to stay abreast of current trends. We continually look for ways to help improve your operations.
Our goal is to form a long-term professional and business relationship with you; a relationship founded on reliability, capability and trust. In short, we strive to form relationships built on achieving integrity in a world of numbers.
- We are different because we care!
- We will remain actively involved with you throughout the year through personal communication, monthly financial statement reviews and publications.
- We are able to develop relationships that continue from year-to-year due to the continuity of the professional team on your engagement. The impressive tenure of our employees enables us to offer you this continuity.
High Level of Shareholder Involvement
Our shareholders are involved with their clients!
To achieve the level of client service that you deserve, we make sure experienced professionals are supervising or providing you with all the services we provide. We are truly a hands-on firm that strives to add value in all that we do.
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