Summers, McNea provides financial reporting on all three levels of assurance. We believe that our service to clients in all levels of assurance should not only meet their compliance requirements but assist them in interpreting the numbers and helping improve the financial condition of the business.

Audits are the highest level of service involving a critical review and selected independent verification of financial information. The audit results in an independent, professional opinion from a certified public accountant attesting to the fairness and accuracy of your financial statements and the representations they contain.

Audits are often necessary to comply with the requirements of lending institutions, suppliers, regulatory agencies or others who rely heavily on the information contained in your financial statements. Audits provide the “highest level of assurance” about the reliability of your financial statements, and offer an assessment of your operational systems from an objective source with knowledge and experience in your industry.

Reviews are an evaluation of your company’s financial statements using management inquiries, analytical procedures, and our knowledge of the industry and your business. The scope of a review is less than an audit, but it provides “limited assurance” that nothing came to our attention requiring modification.

Compilations require the assembling of financial data from your accounting records and presenting, in the form of financial statements, information that is the representation of management or owners without undertaking to express any assurance on the statements. The information gathered may also help in determining your need for additional accounting services. A compilation will provide the assistance needed to prepare meaningful financial statements.

Cash flow is the life blood of a business. We can assist in helping clients understand the cash flows of their business and helping them develop and maintain budgets to control the cash flow and plan for financing requirements.

Forecasting can go hand-in-hand with cash flow and budgeting in leading a business to its goals of profitability. Some business owners want simple projections while others may want more complex financial modeling. Our staff can help you reach your company’s financial goals.

The accounting and auditing skills our staff uses in assurance engagements provides us with the tools to provide an analysis of financial records in conjunction with dispute resolutions, as well as fraud and theft investigation. We can use our skills to determine extent of financial loss and illegal accounting practices. We can assist you in developing a system of internal controls that may help in preventing fraud and theft.