Financial Reporting

The Notice to Reader (NTR) is the most basic engagement and provides no assurance on the accuracy of your financial statements. Your company’s financial information is compiled using information gathered from existing records with no testing performed on the underlying data.

An NTR engagement is a good choice for owner-managers who are involved in their business and do not have external stakeholders or material financing arrangements.

 A Review engagement requires an accountant to perform limited procedures in order to conclude that there is no reason to be believe that the financial statements are not fairly stated. A review is considered an ‘assurance engagement’ in accordance with generally accepted standards for review engagements.

When completing a review engagement, your accountant performs limited procedures, such as discussion with various members of management and analysis of the financial information, to support the conclusion that there is no reason to believe the financial statements are not fairly stated.

Depending on the size of your credit facility, a review engagement will often provide a sufficient level of assurance to satisfy a lender, while giving you insights into the financial information of your company.

There are many reasons why a business valuation may be required. We have worked with clients in the following areas: company reorganization, shareholder dispute, pending matrimonial settlement, or failed business agreement. We work with experts in this field and can help you in all these areas. While there are many ways to objectively value a business, an accurate way to make the determination is to market the company and allow the acquisition marketplace to establish the value.

It is important to remember that your budget is an essential tool in helping you achieve your overall goals. Budgeting and forecasting are as important as tax planning. If you don’t understand your projected costs and revenues, you have no way of knowing which direction you are going in or which direction you even want to go in. The power of having real insight into the present financial state of your business should be very important to you. Let us help you to determine your best course of action, ensure that you have a plan and ensure that the plan is monitored and corrective action taken if necessary. 

Growth of a business includes acquisitions and/or mergers. Planned growth of a business can also require financing. We assist our clients in all aspects of financing including preparation of business plans and forecasting. We can help to maximize the results and minimize the problems. 

Where would you like to see yourself financially in 5, 10 or 25 years from now? Personal financial planning is the development and implementation of total, coordinated plans for the achievement of one’s overall financial objectives. We believe this service is an integral part of what we can do for you. We work with many people who are experts in this field who assist our clients with their businesses and personal financial planning, including all manners of life and business insurance. We take the time to learn about you, and we listen. This can be done on an informal discussion basis or by a formal report. We help you build and preserve assets for your lifetime and help you determine and reach your longer-term objectives with wealth building strategies.