O’Connell & Company’s financial statement services comprise all three levels of assurance.
Our areas of expertise include private school, religious orders, not-for-profit entities, and small to mid-sized closely held businesses. We are accepting new assurance clients year round and would be delighted to speak with you about your organization’s needs.
Audits
Audits offer the highest level of assurance to third parties, and include in-depth examination and confirmation of account balances, inventories, and selected transactions.
Reviews
Reviews provide limited assurance to outside interests and involve inquiries and analytical procedures that confirm financial statement matters and identify any items requiring further analysis.
Compilations
Compilations are based upon information provided by a company’s management. They do not offer assurance, and are often used for required reporting to government agencies or lending institutions.