Financial Reporting & Assurance

We offer a wide range of assurance services, audits, and business assistance.

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
Coming Soon: New Accounting Rule On Government Assistance Disclosures
On November 17, the Financial Accounting Standards Board (FASB) issued a new accounting standard on disclosing certain types of government incentives that businesses receive to set up shop in a locality....
Are You Ready For The Upcoming Audit Season?
An external audit is less stressful and less intrusive if you anticipate your auditor’s document requests. Auditors typically ask clients to provide similar documents year after year. They’ll accept copies...
Look To The Future With A QOE Report
Are you thinking about merging with or acquiring a business? CPA-prepared financial statements can provide valuable insight into historical financial results. But an independent quality of earnings (QOE) report can...