Financial Reporting & Assurance

Services Offered

Our team offers a wide variety of financial reporting solutions:

Audits, Reviews, and Compilations

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.

Lease Accounting Standards

Are you prepared for ASC 842?
Significant changes to lease accounting standards are set to take place with the new lease standard issued by the Financial Accounting Standards Board (FASB): ASC 842.

SF 1408 Pre-award Survey Audits and Examinations

The Standard Form 1408, Pre-award Survey of Prospective Contractor (Accounting System) is used to determine a contractor’s ability to meet the accounting requirements of a contract. If a government contractor is submitting a proposal for a cost reimbursement type contract, it is likely that the contractor will be asked for a standard form (SF) 1408, Pre-award Survey audited by the DCAA. Proposals often allow for this engagement to be performed by in Independent Certified Public Accountant when a DCAA audit is not available. We regularly perform these engagements for our clients.

Connect With One Of Our Specialists

Our accounting specialists have extensive experience in the field and are pleased to offer you personalized service. Contact us today to schedule a consultation.