Support you Deserve

We offer a broad range of services to help you secure a sound financial future. You've worked hard to get where you are. You deserve a firm that works hard for you.

Audits - Reviews - Compilations

Stockholders, creditors, private investors, and members of not-for-profit organizations often need assurance that the financial statements accurately represent the true financial position of a company or organization.

Your stockholders, creditors, private investors or members of not-for-profit organizations have different levels of risk tolerance, so we provide three levels of assurance to meet your needs.

 

Audit - Highest Level of Assurance

An audit provides the highest level of assurance. An audit is a methodical review and objective examination of the financial statements, including the verification of specific information as determined by the auditor or as established by general practice.

Our work includes a review of internal controls, testing of selected transactions, and communication with third parties. Based on our findings, we issue a report on whether the financial statements are fairly stated and free of material misstatements.

An Audit allows you to...

  • Satisfy stakeholders such as employees, customers, suppliers and pressure groups, as well as the investing community, as to the credibility of published information.

  • Facilitate the payment of corporate tax, goods and services tax, and other taxes on-time and accurately, thereby avoiding interest, penalties, and investigations.

  • Comply with banking covenants.

  • Help deter and detect material fraud and error.

  • Facilitate the purchase and sale of businesses.

     

Here's what you get...

You get the highest level of assurance because we go outside your company to obtain more information. Typically, we'll have written communication with:

  • Your customers, to check outstanding receivable balances,

  • Your banks, to confirm cash or debt balances and terms,

  • Your vendors, to verify outstanding payable balances, and

  • Your attorneys, for information on pending or threatened legal action.

We also perform physical inspections by observing your inventory counting methods and perform test counts. We document and test each operating cycle, including sales and cash receipts, expenses and cash disbursements, and payroll. Our audit papers include a detailed work program to document the examinations and testing performed, as well as the client's supporting work papers.

Audits Not Just for Public Entities

All public companies are required to have an annual audit, but 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. Also, companies with absentee ownership (such as those owned by investment firms, or individuals who no longer run the business) may order audits as checks of their management teams.

 

Review - Limited Assurance

Less extensive than an audit, but more involved than a compilation, a review engagement consists primarily of analytical procedures we apply to the financial statements, and various inquiries we make of your company's management team. If the financial statements or supporting information appear inconsistent or otherwise questionable, we may need to perform additional procedures.

A review doesn't require us to study and evaluate your company's internal controls or verify data with third parties or physically inspect assets. Rather, a review report expresses limited assurance in the form of the statement: "We are not aware of any material modifications" for the financial statements to be in conformity with the Generally Accepted Accounting Principles (GAAP). Reviewed financial statements must include all required footnotes and other disclosures.

Why might a business request a review engagement? It can be a good middle ground, providing the advantages of a CPA's technical expertise without the work and expense of an audit.

 

Compilation - Lowest Level of Assurance

In compiling financial statements for a client, we present information that is the "representation of management" and expresses no opinion or assurance on the statements. Compilations don't require inquiries of management or analytical procedures. Instead, we rely on our knowledge of accounting principles and a general understanding of your business.

Banks often require compilations from an independent CPA as part of their lending covenants.

 

Which Report Best Suits Your Needs?

Each type of financial statement report may suit specific circumstances, depending on requirements from your client's bank or other parties, as well as meet budgetary needs.

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.


What Others Say

"They have been a tremendous asset to our organization. The depth of knowledge and breadth of services at Burge & Associates has been a key tool in growing our small business. At every turn in our financial world they have either given or offered a solution to any issue we have had. Food For Thought - This is the ONLY PCA I've used in my adult life, except the first one, that did not lay some sort of blame on my previous PCA. They're all rock stars." - Jeff Luther

"Burge & Associates rescued us from a terrible Accounting situation with another firm handling our Small Business Tax/Accounting Needs. They have been extremely professional, timely, courteous and responsive to all of our inquiries and are constantly keeping us top of mind on deadlines. With their partnership, we don't have to "worry" about who's looking out for us and know we have someone in our corner." - Claire Blake

"As a small business owner, it's critical to have a dependable, professional, and aggressive accounting firm to work with. Burge and Associates is that and more. I'm very happy with everything and turn around time and attention to detail are fantastic!" - Jeffrey Wertz

"Burge and Associates oversees all of our bookkeeping and taxes. Sarah and the rest of the staff are knowledgeable and put in a lot of work for non-profits and small businesses. Thanks for all you do Burge & Associates!" - Tammy Washington

"We have been working with Burge for years and they are excellent! Very efficient, reliable, and helpful. Sarah Grizzle is awesome!" - Carlyn Clawson

"These are the best CPAs I've ever worked with. I'm so glad I made the switch- they've been available whenever I need them, quick to help, incredibly knowledgeable and keep my best business interests in mind. They also have gotten my two businesses so financially organized- tax time isn't something that leaves me pulling my hair out! It's just a couple of clicks and I'm done. They're great!" - Christina Scalera

"When I opened my small business, I met with Chad Swanson of Burge & Associates. I am an expert in my business offerings but have no familiarity with the financials and tax obligations. In our first meeting, Chad ran several scenarios for my business and provided me with a very clear understanding of business taxes. It was a fantastic experience which led to us hiring him to also do our personal taxes. In addition, at any time I had a question, I would email Chad and received a response within the hour, without fail. I learned about Burge and Associates from numerous friends who have been using them for years for their business, non-profit, and personal taxes. We could not be happier with our experience!" - Erica Newcomb

"We own a small business and Burge and Associates handles all of our bookkeeping and tax work. We would be LOST without Chet, Jason and Daisy. We're grateful for their knowledge of our industry and their tireless work to make sure we are accurate in our reporting and that we get the maximum tax credit possible.

Thanks for all of your hard work, Team Burge!" - Ryan Boon

"If you're looking for a competent and trustworthy CPA, look no further than Chad Swanson. Aside from saving us thousands of dollars, his business acumen and customer care continues to impress. He is by far the best CPA we've ever used." - Scott Lilly

"I have had the pleasure of working with Chad Swanson, with Burge and Associates for the past two years, and he has been absolutely terrific. He is personable, extremely smart, pays attention to detail, and handles complicated financial issues extremely well. I enthusiastically recommend him and his firm for all accounting and financial matters, and I guarantee any clients will be extremely pleased!!" - Jay Garten