Fischer, Hayes & Associates, P.C. provides a full range of attestation and accounting services.  Whether you need financial statements for internal use in your business, to provide to investors, creditors or other stakeholders, or to satisfy regulatory requirements our firm can provide the level of assurance you require.

Our services include:

• Financial Statement Audits
• Financial Statement Reviews
• Financial Statement Compilations
• Other attestation services including personal financial statements and agreed upon procedures, and reviews of internal controls
• Accounting consultation and assistance

Financial Statements - Which Report Should You Use?

If you’ve decided that you need to have financial statements prepared the next step is to determine the level of service you need.  Each type of financial statement report may suit specific circumstances, and understanding each report's unique strengths and weaknesses can help you choose the most appropriate one for your needs.

Please call if you have questions about which type of report is right for you.

Audit – Provides Greatest Level of Assurance

• An audit is a formalized process designed to obtain reasonable assurance that a financial statement is free of material misstatements whether caused by errors, fraud and/or direct illegal acts with respect to the management assertions embodied in the financial statement.
• An audit includes a consideration of internal controls, examination of selected transactions and contact with third parties, as well as other procedures.

Review - Limited Assurance

• Analytical measures are applied to the financial statements and inquiries are made of management.
• A review involves the expression of limited assurance that the financial statement is free of material misstatement

Compilation - Lowest Level of Assurance

• Presents the information as it is represented by management.
• States no opinion or assurance of the financial statements.

Accounting Services – Consultation on Specific Transactions

There are times when the proper accounting treatment of a financial transaction isn’t clear.  Accounting rules for items such as leases, fixed asset purchases, prepaid assets, installment sales and deferred revenues are complex, and proper treatment is important to ensure the accuracy of your financial statements and tax returns.

If you run into a situation where you have an accounting question, Fischer, Hayes & Associates, P.C. is ready to assist you in finding the right answer.