Audits, Compilations & Reviews

Traditional accounting services can easily be seen as a commodity. At Galusha, Higgins & Galusha, we see them as much more. They are a platform for a relationship of trust between client and accountant. Therefore, we provide more than the requisite accuracy and competence.

Our staff is trained to examine not only the facts and figures of transactions, but also their business implications to your company. We look for trends you might have overlooked.  We attempt to isolate opportunities and bring them to your attention. We are proactive – offering our clients business insight, problem solving, and objective consultation.

Knowing that not all clients will need the same degree of assurance, we offer three distinct services involving financial statements: audit, review, and compilation. These services are designed to meet different needs.

Audit – During an audit, we examine a company’s financial statements in accordance with generally accepted auditing standards. We then express our opinion as to whether the statements are fairly presented in conformity with generally accepted accounting principles. An audit offers the highest degree of assurance regarding financial statements.

Compilation – A compilation involves taking financial information provided by a company and arranging it in financial statement format. A compilation carries no degree of assurance, yet it is adequate for certain purposes.

Review – In many instances, a review is sufficient for a client and reditors. In a review, we analyze a company’s financial statements and issue a report giving limited degree of assurance.