Auditing and Assurance

Santa Fe, NM business auditsBarraclough & Associates, P.C. provides a full range of auditing and assurance services to business owners who need to provide assurance of their financial statements due to the mandates of third party lenders, creditors, shareholders or others. Our approach is broader in scope. We take the time to analyze your situation and identify opportunities for saving money, maximizing resources and improving operations.

Audits of Financial Statements

An audit provides the higher level of opinion on the assurance of the financial statements of a company. We perform audits in accordance with the standards set forth by the U.S. Generally Accepted Auditing Standards (GAAP).

Our audit and assurance CPAs are committed to compliance with the ethical and technical standards of our industry. Our goal is to always provide reliable assurance services and quality financial reporting.

Compilations and Reviews of Financial Statements

If your business is in need of assurance services, but doesn’t need a complete financial statement audit we can assist with reviews and compilations.

A review doesn’t provide all the verification and reporting requirements of a full audit, but it does provide reasonable assurance to outside vendors who require it.

A compilation is the most basic attestation service that simply involves compiling the financial information into a financial report without any verification of the data itself.

Agreed Upon Procedure Engagements

Agreed-upon procedure engagements are for companies that require procedures be applied to financial reporting processes and controls without the need for a full audit of financial statements. This type of engagement is common when evaluating companies for potential merger or acquisition, preparing for litigation, preparing for the sale of a business or when testing internal controls for compliance.

We’ll provide your business a report at the end of the engagement that outlines the information about the processes and findings based upon specific procedures being applied to your financial reporting processes and controls. These are specific procedures that were defined in the engagement agreed signed by both the client and our CPA firm.

Our audit and assurance team can assist you with audit, reviews and compilations. Give us a call today at 505-983-3387 or request an introductory meeting for more information.

Questions? Request a Consultation Today.

Get in touch with us now to find out how Barraclough & Associates, P.C. can help you reach your financial goals.