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
Updated Guidance for Impairment Testing: When to Consider Triggering Events
On March 30, the Financial Accounting Standards Board (FASB) published an updated accounting standard on events that trigger an impairment test under U.S. Generally Accepted Accounting Principles (GAAP). This simplified...
4 Ways to Improve the Effectiveness of Your Audit Committee
An Audit committee faces many challenges in 2021. As the economy rebounds from the COVID-19 pandemic, there are new dimensions to the oversight roles and responsibilities of the audit committee....
Making Sense of Your Statement of Cash Flows
The statement of cash flows essentially tells you about cash entering and leaving a business. It’s arguably the most misunderstood and underappreciated part of a company’s annual report. After all,...