tonneson + co provides assurance services which are designed to meet the needs of each client’s specific needs. 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 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).
We have strong global relationships in more than 90 countries worldwide through our membership in Geneva Group International, which gives us the ability to perform financial statement services globally.
Some Services We Offer include:
- Assurance & Financial Reporting
- Audits, Reviews & Compilations
- OMB A-133 Circular Audits & UFR Compliance
- Employee Benefit Plan Audits
- Agreed Upon Procedures & Internal Controls
- International Financial Reporting Standards (IFRS)
- Forensic Accounting & Fraud Investigation
- Financial Forecasts & Projections
- Accounting Systems & Transaction Support