Tax Audit & Tax Attestation Services

Stockholders, lenders and private investors often need assurance that your financial statements accurately represent the true financial position of your company. Each of these groups will have different levels of risk tolerance, so Ptacek & Cromwell provides three levels of assurance to meet your needs.

Audit - Highest Level of Assurance

An audit provides the highest level of assurance. It is a systematic review and objective examination of your financial statements, including the verification of specific information as determined by the auditor or as established by general practice.

Our work includes a review of internal controls, testing of selected transactions and communication with third parties. Based on our findings, we issue a report on whether your financial statements and corporate taxes are fairly stated and free of material misstatements.

An Audit allows you to...

  • Satisfy stakeholders such as employees, customers, suppliers and pressure groups, as well as investors and lenders, as to the credibility of published information.
  • Comply with banking covenants.
  • Help deter and detect material fraud and error.
  • Facilitate the purchase and sale of businesses

Review - Limited Assurance

Less extensive than an Audit, but more involved than a compilation, a Review engagement consists primarily of analytical procedures we apply to the 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.

A Review engagement can be a good middle ground, providing the advantages of a CPA's technical expertise without the work and expense of a full audit.

Compilation - Lowest Level of Assurance

In compiling your financial statements we present information that is the "representation of management" and expresses no opinion or assurance on the statements. Compilations don't require inquiries of management or analytical procedures. Instead, we rely on our knowledge of accounting principles and a general understanding of your business. Compliations are a very common request from the banking industry.

We appreciate the accuracy and thoroughness Ptacek & Cromwell provides when doing our tax returns each year. Everyone that we have dealt with over the years has been very courteous and helpful in answering any questions that we might have and has been very prompt in completing our returns. -- Annette B.

The Oregon CPA Firm Whose Bottom Line is You!
Contact Ptacek & Cromwell today at 503.675.0700!!