A Review can be a cost-effective way to meet the requirements of third parties (lenders, lessors,etc.). We express a limited assurance that your financial statements are prepared in conformity with GAAP and other authorities. A review is more extensive than a compilation but less comprehensive than an audit. The review process includes analytical procedures, policy inquiries and general miscellaneous analyses of any items that may appear unusual and require explanation.
A Compilation involves assembling data from your records and presenting it in an appropriate financial statement format. For some businesses, this financial statement will often suffice for meeting management needs.
Whether you are preparing to sell your business, are purchasing a business or need agreed-upon procedures for other reasons, an AUP engagement may be appropriate for your company. Examples include cash balances, income tax provisions, royalty agreements, companies to be acquired and A/R and A/P processes to name a few.
Our staff is trained in many of the popular small business software programs, such as QuickBooks, Peachtree, and others. Whether designing an entirely new accounting system, or updating your old system, our team can help. The result will be timely and accurate financial reporting to help you spend more time running your business and less time accounting for it.
Our consulting services provide our clients with the accurate, up-to-date financial data they need to make informed educated decisions. Our consultants will take the time to analyze your financial statements, and point out where you can add value.
We have a variety of solutions for your internal bookkeeping needs; from our quality external list of professionals that we work with on a continual basis, to our own in-house bookkeeping team. Depending on your specific needs, we can place you with one of our external bookkeeping resources or utilize the benefits of our internal bookkeeping team to produce timely and relevant financial data to run your business more efficiently. Whether you require initial set-up consultation or ongoing monthly/quarterly needs, our professionals can assist you. Our bookkeeping experts utilize a variety of software packages available, the primary of which is Intuit’s QuickBooks accounting software. Depending upon your closing period, we look to provide you with essential monthly reports (balance sheet, profit and loss, bank reconciliations, industry reports, etc.) so that you can better manage your business.
Information Systems Assurance Services
Newburg & Company, LLP provides information systems assurance and works with clients to identify the best technology for their needs and to help maximize its usage to achieve desired results. Acquiring and managing the critical information necessary to make timely decisions in organizations today means employing best practices in information technology.
Additional information systems assurance areas:
- Regulatory compliance
- Disaster recovery and business continuity
- Security and vulnerability assessments
- Internal audit
Internal Control Assessment
Internal control assessment focuses on the identification of specific control objectives, and understanding the control procedures implemented to accomplish those objectives. Additionally, an assessment is made of the degree to which the controls are actually performed within the organization.