Voppell Audit / Review/ Compilation Services
As some of our many all-encompassing financial services, Voppell provides internal audits and reviews on behalf of our clients. We then share the compilation of results to alert you of any possible discrepancies in your books or anything else that may be easily overlooked in your records. It’s important to utilize such services to avoid unnecessary issues down the road that could affect the future health and wealth of your organization.
It is always best practice to consult with a Certified Public Accountant or such agency, such as Voppell, so you can be certain that the proper financial assessment methods are being used for your business. There are multiple avenues for financial assessment.
Audit: For example, an audit is an extremely thorough examination of all of the financial records for your company. It is a critical, methodical procedure and, as such, results in the highest level of assurance possible, as this method involves the most detailed analysis. It can be an extremely time-consuming process and is performed by an independent source.
Review: A financial review, however, is different from an audit in that it is a more limited examination, thus providing more limited assurance than an audit on the credibility of a company’s financial statements. While narrower in scope, a review is still beneficial as it does provide an overall evaluation of the financial situation of the business. Although a business operator may not be legally required to perform an audit, an analysis of their financial records would still hold much benefit, and a review would be a fast alternative to a full audit.
Compilation: A compilation, on the other hand, is a simple, more basic summary of a business’s finances. As the summary is drafted based on data provided by the company and not independently tested, there is no real assurance with this method, unlike when utilizing an audit or a financial review. Simply put, a compilation is the most surface-level examination of a given financial situation and should only be depended upon in very general scenarios and not when making top-level decisions.
Voppell will be able to assist you in choosing which of these three options is best for your organization in any given situation. We are here to help you make the most informed decision possible in support of your company’s financial health, whether that is through an audit, a financial review, or a compilation. Voppell has the knowledge and experience necessary to guide you through this process from start to finish.
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Accounting And Finance Services
Controller Services
As your company’s Controller, Voppell will supervise the quality of accounting and financial reporting of the organization, and will be responsible for internal audits, internal controls, and financial reporting.
Accounting And Finance Services
Quickbooks Services
Voppell will install and tailor QuickBooks to fit your business’s needs and to maximize your overall profits. Our team of experts will provide you with a system to store your data and process financial and accounting statements.
Accounting And Finance Services
CFO Services
As your company’s Chief Financial Officer, Voppell will manage the organization’s financial risk and ensure your goals are financially feasible, for a fraction of the cost of a full-time CFO.