ASSURANCE & BUSINESS ADVISORY SERVICES

Often annual or periodic financial reports are necessary to satisfy banking, bonding, governmental, regulatory or operating agreement requirements. We have developed the most efficient means of gathering and analyzing the data to provide the required financial information at the best price value to your company. Often the financial statements require analysis to assist you in making critical decisions.

Our people are trained to perform services with a business point of view. That is, we work to analyze the numbers and identify issues that affect the profitability or financial stability of the entity. We not only provide assurance on the "lagging indicators", we analyze the "leading indicators" to determine how we expect the company to perform in the future. Let us show you how you can get the most for the dollars spent for these services.

Audit
Review
Compilation
Compliance Audits
Agreed Upon Procedures
Prospective Financial Statements
Accounting System Design & Review
Accounting Standards Analysis
Profitability Analysis
Management Consulting
Business Plans & Projections

Audit
An audit of an organization's financial statements is designed to obtain reasonable assurance whether the financial statements are free from material misstatement. We perform detailed testing and analysis of the organization's financial records to make that determination. The product the organization receives is an opinion from J & A Associates, LLP stating the financial statements are fairly presented in all material respects. An audit is usually requested by regulatory agencies, outside investors or creditors such as a bank.   top

Review
A review of financial statements is less in scope than an audit. No detail account or transaction testing is performed. Rather, we perform analytical procedures and ask management questions regarding the outcome of our analysis. The product of this service is a review report. The review report indicates that we are not aware of any material changes that need to be made to the financial statements in order for them to be fairly presented.   top

Compilation
A compilation of financial statements involves assembling client financial records to present the company's financial statements. The financial statements can be full disclosure (i.e., footnotes attached) or omitted disclosure (i.e., no footnotes). The accountant performs no account testing or analytical review. The product of this service is a compilation report. The report indicates that we have not audited or reviewed the financial statements and, therefore, do not express any kind of assurance on them.   top

Compliance Audits
Compliance audits provide assurance as to an organization's compliance with a set of rules or regulations. Our report provides an opinion as to the organization's compliance with those specific rules.   top

Agreed Upon Procedures
As the name implies, agreed upon procedures are engagements where an agreement is made between the accountant and the client as to the procedures the accountant is to perform on the client's financial or non-financial records. The purpose is to determine if certain balance sheet accounts are properly stated on the financial statements or something is happening or being done as expected. For example, the client may ask that we review 50 invoices to see if the appropriate person is approving them for payment. After completion of the engagement, we issue a report indicate the work we performed and our findings.   top

Prospective Financial Statements
Ordinarily financial statements are historical in nature - they reflect what has already happened. Prospective financial statements attempt to predict what will happen in the future, given a fixed set of assumptions. We typically assist clients in preparing these financial statements for a bank or other credit agency.   top

Accounting System Design & Review
Clients engage us to review the policies and procedures used by their accounting department to see if they are efficient and involve effective internal controls. Additionally, we may be asked to design an accounting system for a client.   top

Accounting Standards Analysis
Occasionally, new accounting standards adopted by the accounting profession require an organization to capture new or different information about itself to comply with the standard. We assist the client in determining the required information and the process for gathering the data.   top

Profitability Analysis
We have developed a program designed to review your company's business risks, information systems and profit indicators. We will give you a written report of our findings and recommendations for necessary changes.   top

Management Consulting
We will work with you on any business issue you have to find the best answer to your questions and concerns. If we do not have the ability to provide the solution, we will put you in touch with
the people who do.   top

Business Plans & Projections
We can help you with developing and documenting your business plan and the related financial projections for internal planning, raising capital and as part of the loan application process.   top