Audit & Assurance
Gain trusted financial insights into your business.
We offer any level of assurance based on our clients’ requirements. From compiling financial statements to full audits, our team can support whatever level of assurance you require.
Audits
Providing the highest level of assurance, an audit is a methodical review and objective examination of your financial statements. It includes the verification of specific information as determined by the auditor or as established by general practice.
Review
Less extensive than an audit, a review engagement consists primarily of analytical procedures we apply to your 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.
Examination
Examination engagements is when a CPA is engaged to provide an opinion about the conformity of the subject matter with certain criteria. It requires the CPA to reduce the risk of undetected material misstatement to a low level. An examination is analogous to an audit of historical financial statements as it provides the same level of assurance as an audit and involves substantial evidence gathering.
Agreed-upon Procedures
Agreed-upon procedures engagements generally arise when clients need CPA involvement, but do not want a standard compilation, review, examination, or audit service because those services are not as targeted to what is needed. An example of such an engagement is when a company needs its expenses tested for grant reimbursement.
Compilation
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 rely on our knowledge of accounting principles and a general understanding of your business.
Our audit and assurance division specializes in these industries:
- Railroad
- Construction
- Governmental
- Municipalities
- NYS School Districts
- Manufacturing & Distribution
- Not-for-Profit
- Transportation
- Small Businesses
"Working with Carl Austin of Bowers has been transformative. When introduced to Carl by the seller of a company I was in the process of buying, I was wary that his support might be one-sided. However, my concerns were swiftly dispelled! Carl not only facilitated our deal but his team has provided comprehensive financial services and business advice that has been instrumental in my journey as a business owner. Their team cares as much about our success as I do. They are vested in us personally, and that means a lot. Their personalized approach and vast resources make them more than just advisors—they're true partners in success."
Michael Bower, Eagle Metalcraft
