ACCOUNTING AND ASSURANCE

Stockholders, creditors, and regulators often need assurance that financial statements fairly present the financial position of a company.  ZD offers a broad range of accounting and assurance services to fulfill your company’s needs.  We focus on adding value to our clients’ businesses and utilizing our wealth of experience and knowledge to give them a competitive edge. No matter how complex or simple your request may be, we tailor our approach to meet your specific needs, never undermining the reliability of our product.  At ZD, our professionals use extensive expertise and state-of-the-art accounting software to facilitate real time documentation designed to complete our services as efficiently as possible. We offer the following accounting and assurance services:

Audit

Audited financial statements provide the user with the auditors’ opinion that the financial statements are presented fairly, in all material respects, in conformity with the applicable financial reporting framework.

Review

Reviewed financial statements provide the user with comfort that, based on their review, the accountant is not aware of any material modifications that should be made to the financial statements for the statements to be in conformity with the applicable financial reporting framework.

Compilation

Compiled financial statements represent the most basic level of service accountants provide with respect to financial statements.  In a compilation engagement, the accountant assists management in presenting financial information in the form of financial statements without undertaking to obtain or provide any assurance that there are no material modifications that should be made to the financial statements.

Agreed-Upon Procedures

An agreed-upon procedures engagement is one in which an accountant is engaged by a client to perform specific procedures and report findings. The accountant does not perform an examination or provide an opinion. Rather, the accountant reports only procedures and findings.
 

Please download the article “What is the Difference Between a Compilation, a Review and an Audit?” from the American Institute of Certified Public Accountants for a more detailed discussion regarding the various levels of service.

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