Audit, Review, and Compilation

No matter what level of financial statement you need—an audit, review, or compilation—Thompson Greenspon’s CPAs can provide these services based on our expertise and personalized knowledge of your business. We can also perform audits that will comply with Government Auditing Standards (“Yellow Book”) and will help you weigh the pros and cons of the different levels of service so you can choose the best level for your organization.

 

Overhead Rate Audits & FAR Compliance

If you receive government contracts or funds, we can assist you in developing overhead rates to comply with the Federal Acquisition Regulation (FAR). For architecture/ engineering firms, we offer the overhead rate audits you need to comply with Department of Transportation (DOT) contracts and ASHTO audits.

 

Bank Financing

Applying for a loan? Come to us for expert assistance with the loan process, financial statements, and owners' personal financial statements.

 

Internal Controls

How effective are your internal controls around financial reporting? Thompson Greenspon’s CPAs can analyze your risk assessment, control environment, control activities, information and communication, and monitoring—then share with you our recommendations to improve your business.

AUDIT & ACCOUNTING INSIGHTS
Accounting Estimates Present Challenges in Times of Uncertainty
In today’s unprecedented market conditions, it can be challenging to predict metrics that underlie your company’s accounting estimates. Examples of key “unknowns” include how much longer certain pandemic issues will...
Hit or Miss: Is Your Working Capital On-Target?
Working capital equals the difference between current assets and current liabilities. Organizations need a certain amount of working capital to run their operations smoothly. The optimal (or “target”) amount of...
Using Your Financial Statements to Evaluate Capital Budgeting Decisions
Strategic investments — such as expanding a plant, purchasing a major piece of equipment or introducing a new product line — can add long-term value. But management shouldn’t base these...