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Audits, Reviews, and Compilations

Timely, professional, and accurate financial statements are necessary for third parties to gauge how well your business is performing and assess risk. Assurances are often required by investors or creditors before forming partnerships with a company. At Umbach and Associates, LLP, we offer three levels of assurance based on the requirements of your investors or lenders. Our audits, reviews, and compilations are expertly prepared, providing you with long-term value and complete peace-of-mind.  

Our CPAs are committed to helping our business clients prosper, and we are proud to serve the communities of Evansville, Boonville, and the surrounding areas. Our Indiana CPA firm has been providing financial expertise to the business community for more than 40 years. 

Professional Financial Reporting Services

We understand the importance of financial reporting when developing strategic partnerships for growth. Our financial specialists at Umbach and Associates, LLP provide assurances and financial statements that are prepared in accordance with an acceptable financial reporting framework. Here’s a brief overview of the assurances we provide. If you are unsure about which type of assurance would be right for your business, feel free to set up a consultation with one of our CPAs.

Audits - Audits are the highest level of assurance that we provide to our business clients. It includes a complete review of internal controls, financial statements, and accounting records in order to assess fraud and/or misstatements. During the audit process, we will issue a formal report that expresses our opinion on whether the financial statements have been presented fairly. We will also report to you whether we have identified any significant weaknesses in your system of internal controls. An overview of these weaknesses will allow you to improve the way you do business and pave the way to greater financial growth. 

Compilations - During the compilation process, our firm will create financial statements of a more limited scope. We will go over your financial reporting system and accounting methods to gain a general understanding of your procedures. We will then create professionally-drafted financial statements, but will not express our opinions of assurance or accuracy.  We will, however, disclose whether we feel that the financial statements are appropriate in form and free from any obvious inaccuracies.

Reviews - Reviews are a simple compilation of financial statements with limited assurance. We will provide a variety of analytical procedures and inquiries to obtain limited assurance on the financial statements. This will give our clients and third-party investors a better understanding of a company’s financial health. We do not provide an opinion about the accuracy of the financial statements presented. 

Audit and Assurance for Indiana Companies

The offices of Umbach and Associates, LLP are conveniently located in both Boonsville and Evansville, Indiana. Our team of professional CPAs is available to help with all of your financial assurance needs, as well as consulting and accounting services. Contact us today to schedule your initial consultation. 

Understanding each report's unique strengths and weaknesses can help you choose the most appropriate one. Please call if you have questions about which type of report is right for you or complete the form below for a Free Consultation.

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