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 for Property, Plant and Equipment (PPE) Assets
Businesses and nonprofit entities capitalize machines, furniture, buildings, and other property, plant and equipment (PPE) assets on their balance sheets. Here’s a refresher on some common questions about how to...
Assessing and Mitigating Key Person Risks
Auditing standards require a year-end risk assessment. One potential source of risk may be a small business’s reliance on the owner and other critical members of its management team. If...
Forecasting for 2021
Planning for what lies ahead is an important part of running a healthy business. Forecasting your company’s financial statements can help you manage inventory and other working capital accounts, offer...