CPA prepared financial statements may be required for many reasons, ranging from bank financing agreements to boards of directors. Based on your individual needs we offer three different levels of financial statement assurance: audit, review, or compilation.
Our audits offer more than just a historical review of your company's performance; they give us insight into your business so that we may be able to make valuable suggestions for greater efficiencies and improvements. An audit provides the highest level of assurance on your financial statements. It includes confirmation of financial statement balances and tests of transactions. Maginnis & Carey's experienced and professional staff will work with you to complete your audit on time and in the most efficient manner possible.
A review provides limited assurance on your financial statements. A review consists of inquiries of management and analytical procedures. As part of our analytical procedures we will compare your business results with the standards for your industry and our expectations.
A compilation provides no assurance on your financial statements. A compilation consists of compiling the financial information received from management into financial statements. Upon completion of a compilation engagement we will offer no assurance or opinion on your financial statements.
Benefit Plan Audits
If your business has a benefit plan with 100 or more eligible employees we can perform a government required benefit plan audit. More than just a compliance audit, our benefit plan audits may uncover unintended oversights in the routine administration of the plan that could cause the plan to lose qualification and create serious tax penalties for the plan sponsor. Our experienced audit team can spot these problems and make suggestions for improvement before they turn into larger problems. Maginnis & Carey is also a member of the AICPA Employee Benefit Plan Audit Quality Center.
At Maginnis & Carey, LLP, we’ve been serving the needs of the greater Portland Metropolitan area for over 75 years. If you need help managing your business finances please fill out this form and let us know how we can be of service.
Thank you for visiting. We look forward to working together!