Our professionals place a heavy emphasis on planning. To plan for and carry out our role as a trusted advisor to the management team, we invest significant time and resources to learn about our clients’ business.
We develop a permanent communication to allow us to assist companies in interpreting the financial and operational information which, in turn, enables our clients to make an informed business decision.
Compilations and Preparation of Financial Statements
Privately-owned businesses and nonprofit organizations alike must prepare reports on their financial performance. Owners, managers, and creditors use financial statements to help chart the course for the future, determine the value of the business, and to make decisions regarding creditworthiness. The appropriate level of engagement is determined by your needs and what your creditors and/or investors require. As your trusted business advisor, GPCPAs will help you determine the most appropriate level of service that you need.
Agreed Upon Procedures
An AUP engagement is designed by the client and the appropriate third-party or parties specifying procedures for the CPA firm to perform. The two parties understand the goal(s) to be accomplished and guide the CPA with a series of steps they wish to be played against some objective criteria or framework. At the same time, the CPA delivers his/her expertise and independence. Our AUP reports provide “just the facts” following the outlined blueprint. It describes the steps performed and the results or findings.
The report’s recipients are responsible for the sufficiency of the procedures and form their own conclusions based upon the data included in the report. The AUP report is restricted to the audience that agreed to the steps because outside parties, who are unaware of the report’s purpose, might misinterpret the results. The subject matter of an AUP might be financial or non-financial, and the nature, timing, and extent of the procedures can vary widely between AUPs. We are usually hired to apply AUP on business pre-acquisition evaluations, to identify and define internal control areas of problem, and many others. GPCPAs has extensive experience applying AUP.