Bridgers, CPAs is a full-service certified public accounting firm with offices throughout Mississippi. We have the ability to provide services to clients throughout Mississippi. We are dedicated to providing our clients with professional, personalized services and guidance in a wide range of financial and business needs.
Audit and Assurance Services
Audit and assurance services require a specialized skill set and at the Bridgers CPA firm, we possess that knowledge and experience. We offer our services to publicly and privately held businesses across a broad range of industries and to non-profit organizations. We also offer governmental auditing services. Whether your situation requires a review, a compilation, or a complete audit of your financial statements, we will impart the appropriate level of assurance to satisfy investors, creditors, or donors. No matter what services meet your particular needs, we always employ the highest quality standards in the industry.
If your business requires an audit, the clear documentation we provide is designed to instill confidence that your records are an accurate representation of the current financial condition of your business or organization. When necessary, we can also provide risk management services, due diligence, and make recommendations for improving internal controls.
If only limited assurance is required, we will conduct a thorough review of your financial statements and deliver our findings in an organized report. Our reviews are administered in line with all guidelines in Statements on Standards for Accounting and Review Services (SSARS) issued by the AICPA.
Finally, if a basic compilation of financial statements with no assurance is all that’s needed, we’re ready to assist you with prompt service.
Audit Services, Reviews, and Compilations
- Audit services for businesses and not-for-profit organizations
- Assurance services
- Due diligence
- Risk management
- Compilations of financial statements
- Agreed Upon Procedures
Audits are usually performed because an outside third party requires an auditor’s opinion on the financial statements. Audits are performed for the purpose of expressing an opinion about whether the financial statements are fairly presented and conform with generally accepted accounting principles or another financial reporting framework.
Audits are the most comprehensive of all the attest services. Auditing procedures include testing accounting records and examining evidence supporting the amounts and disclosures in the financial statements. Evidence is obtained through inquiries, analytical procedures, physical inspection, observation, and through independent confirmation. Additionally, audits require an understanding of the entity and its internal controls.
Reviews are usually performed to satisfy third parties that want to be assured that the independent accountant is not aware of any material modification which should be made to the financial statements. They provide a lesser degree of assurance to financial statement users than an audit. Also, unlike an audit, there is no expression of an opinion on the financial statements, testing of controls or financial data. Reviews essentially consist of inquiries of company personnel and analytical procedures applied to financial data.
Compilations provide the lowest level of assurance of the financial statements services. They are often required by outside third parties as well internally by companies.
In a compilation we assist management in presenting their financial information as financial statements in the proper form. Compilations also require us to acquire an understanding of the client’s industry and to obtain specific knowledge about the client prior to our reading of the financial statements. They provide no expression of an opinion or any assurance on the financial statements.
Agreed Upon Procedures
Agreed upon procedures are performed when the parties involved concur that they want the accountant to perform a specific procedure or set of procedures. They can be useful when you or a third party want some comfort about a specific area such as inventory or cash, but do not need the assurance and related time and expense of a full audit or review. Agreed upon procedures can deal with a diverse variety of subject matter such as the quality of collateral or due diligence related to a business acquisition. In all cases, agreed upon procedures are solely the responsibility of the parties who specify them and they never provide an opinion on the subject matter or financial statements.