Reporting
tonneson + co provides assurance services which are designed to meet the needs of each client. There are three primary reporting levels which include audits, reviews, and compilations. An audit is designed to provide reasonable assurance that the financial statements are free of material misstatement. A review service is less in scope than an audit and includes primarily applying analytical procedures to your financial data and making inquiries of management. Compilations are limited to taking a client’s financial data and putting it in the form of a financial statement.
In addition, we can perform agreed upon procedures if you have a specific account for us to look into or an audit procedure you would like us to perform. We can also perform procedures to assess the reasonableness of an internal control system and test that the controls are functioning properly. Our objective is not only to provide the reporting service that best meets a client’s needs, but also to help the management team obtain the type of information they need to make the most informed decisions possible. We want our clients to feel secure in their financial systems and reports.
Our Experience
Our team goes beyond the numbers to provide clients with sound advice to improve their business performance and assist them in achieving their business objectives. We are members of AICPA and the AICPA Employee Benefit Plan and Government Audit Quality Centers. Our firm undergoes a peer review of our system of quality control and we are pleased to report that we have passed all of our peer reviews since our first review in 1982. In addition, we are a member of the Public Company Accounting Oversight Board (PCAOB).
Global Reach
Our firm has the ability to perform financial statement services globally. We have Global relationships to help assist your needs in more than 90 countries worldwide through our membership in Geneva Group International.