We view accounting as an active, not passive, function in which information is processed in such a way that it is readily retrievable and usable for a variety of purposes such as condensed management information, periodic financial statements, planning, budgeting and routine account analyses.
In order to effectively evaluate a business's performance, financial statement users need accurate information about its past history, as well as, where it is today.
The highest level of service we provide for our clients is an audit. We take a "risk based" approach to auditing in which we apply testing and verification procedures based on common sense and our knowledge of the client. As a result, we:
Render opinions on the fairness of financial statements for shareholders and third parties, such as lending institutions; and,
Make useful suggestions to management for possible control and operational improvements.
When a lender or other creditor requests financial statements but does not require that they be audited, we assist our clients by reviewing or compiling the financial statements and issuing our report on them.
A review involves inquiries and analytical procedures which allow us to issue a report that no material modifications should be made to the financial statements.
A compilation is allows us to present information that is the representation of management in the form of financial statements, without expressing any assurance on those statements.
If you need accounting or auditing services please contact us at (310) 540-5300 or by E-mail.
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© 1996 Roscoe & Swanson, Accountancy Corporation. All rights reserved.
Last revised: November 28, 2007