Audit and Assurance
Assurance services entail much more than providing proper accounting and audit procedures. Our Audit and Assurance Services strive to improve the efficiency and operations of the closely-held company. Using and understanding financial statements to make decisions and improve the bottom-line is critical to the growth and success of any business. In addition, our professional standards are high. We subscribe to the AICPA and Illinois CPA Societies code of ethics, as well as our own.
Audits are not just for public entities. While all public companies are required to have an annual audit, some nonpublic entities must undergo an annual audit as well. These include local governments, not-for-profit agencies, and other organizations receiving government grants.
Moreover, some financial institutions require audits of nonpublic companies based on the financing amount and/or the bank’s assessment of the company’s risk. Audited financial statements can often lead to better terms and interest rates for bank loans as well.
Whether you need a full Audit or a limited scope audit, the certified public accountants at Stanfield & Associates skillfully provide audits, reviews, and compilations to businesses and organizations in Chicago and the surrounding Western suburbs. We’re happy to help you determine which is best for you.
Our accounting and auditing services include:
- Audited, reviewed, or compiled financial statements
- Assistance with accounting procedures
- Special agreed-upon procedures
- Analytical reviews to measure results against expectations
Whether your business needs include financial statement preparation, an audit of your business, review of your financial records by a CPA, or assistance with general accounting procedures, we are ready to deliver timely Audit and Assurance advice.