Accounting, Attest, Regulatory Services

Our Services

What’s more, with aBIZinaBOX you’ll benefit from a customized, risk-based approach to Accounting Attest Services that emphasizes timely communication and coordination of activities. With dedicated and ongoing involvement from our senior-level professionals, your audit, review, or compilation will be planned and executed by an experienced team that understands your industry.

Our emphasis on tailoring an integrated audit to focus on areas of significant risks allows us to complete your engagement in an efficient and effective manner that reduces time spent on post-audit procedures and wrap-up. This approach helps us: 

Accounting Attest Services
Accounting Attest Services
  • Plan the engagement based on a thorough understanding of your business risks and transactions
  • Communicate and coordinate activities with management and the audit committee based on an agreed-upon timeline
  • Conduct continuous audit procedures to increase efficiency and reduce the burden on your personnel at year-end
  • Work with management to resolve any complex accounting or reporting issues as early as possible in the audit process
  • Provide recommendations to management of areas for improvement

Review Engagements

Objective: Obtain limited assurance as a basis for reporting whether the accountant is aware of any material modifications that should be made to the financial statements for them to be in accordance with the applicable financial reporting framework, primarily through the performance of inquiry and analytical procedures.

SSARS-2 – Preparations

Depending on the needs of your financial statement users, you may need to report under different sets of standards or provide varying levels of detail. Regardless of your requirements now or in the future, we can scale our audit solutions to meet your needs.

What’s more, with Moss Adams you’ll benefit from a customized, risk-based approach that emphasizes timely communication and coordination of activities. With dedicated and ongoing involvement from our senior-level professionals, your audit, review, or compilation will be planned and executed by an experienced team that understands your industry.

Our emphasis on tailoring an integrated audit to focus on areas of significant risks allows us to complete your engagement in an efficient and effective manner that reduces time spent on post-audit procedures and wrap-up. This approach helps us:

  • Plan the engagement based on a thorough understanding of your business risks and transactions
  • Communicate and coordinate activities with management and the audit committee based on an agreed-upon timeline
  • Conduct continuous audit procedures to increase efficiency and reduce the burden on your personnel at year-end
  • Work with management to resolve any complex accounting or reporting issues as early as possible in the audit process
  • Provide recommendations to management of areas for improvement

While it can’t be denied that user-friendly accounting programs have enabled anyone who can use a mouse and 10-key to enter accounting transactions, those same accounting programs have also helped in saturating the market with sub-par financial information to external users – if not paired with an experienced CPA firm that is capable of issuing assurance reports.

If you are an external user of financial statements (banker, creditor, bonding agent, etc.) and are still not sure what kind of report you should request, or why assurance engagements are critical for external users of financial statements,  We’d love to provide any insight we can.

Alternately, if you are an internal user of financial statements (Owner, CEO, CFO, Controller, etc.) and have questions on the kind of value assurance engagements can offer besides just satisfying external users, we’d also love to provide insight on that.

SSARS No. 21 comprises four sections:

  • Section 60, General Principles for Engagements Performed in Accordance With Statements on Standards for Accounting and Review Services
  • Section 70, Preparation of Financial Statements
  • Section 80, Compilation Engagements
  • Section 90, Review of Financial Statements

These sections will be codified in AICPA Professional Standards with the prefix “AR-C” to distinguish them from the extant AR sections.

Section 60

includes the general principles for engagements performed in accordance with SSARSs and is intended to replace AR section 60, Framework for Performing and Reporting on Compilation and Review Engagements.

Section 70

contains the requirements and guidance related to engagements to prepare financial statements and

  • applies when the accountant is engaged to prepare financial statements but is not engaged to perform an audit, review or a compilation on those financial statements.
  • requires the accountant to include a legend on each page of the financial statements stating that no assurance is being provided.
  • requires the accountant to obtain an engagement letter signed by both the accountant and the client’s management.  does not require the accountant to consider whether he or she is independent, just as in all other non-attest bookkeeping/accounting services engagements.
  • may be applied to financial statements with or without disclosures. Section 80 contains the requirements and guidance related to compilation engagements and
  • retains the existing requirements for compilations largely unchanged.
  • applies when an accountant is engaged to perform a compilation engagement.
  • always requires a report (section 70 would apply for non-reporting management-use only engagements)
  • streamlines the report to differentiate the non-assurance compilation report from assurance (review and audit) reports so that the standard report contains only one paragraph with no headings.
  • retains the requirement that the accountant modifies the accountant’s compilation report whenever the accountant’s independence is impaired.
  • requires the accountant to obtain an engagement letter signed by both the accountant and the client’s management
  • may be applied to financial statements with or without disclosures.

 

 

 

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