ASSURANCE SERVICES

 

We deliver integrity and objectivity for more meaningful insights.

At Purk & Associates, we understand that financial reporting for our clients is a key metric in monitoring your business or organization’s financial stability.  Staying up to date with external and internal reporting standards helps with decision-making for management as well as executive boards. To assist you with these reporting requirements, we offer a full range of services to help manage external and internal reporting needs to all types of reporting entities: private businesses, nonprofits, ERISA plans, or state and local governments.
Our team can evaluate your organization’s current reporting requirements and offer options when it comes to providing various level of assurance needs.  We will work alongside your team to provide your organization with solutions in this area.
Purk & Associates offers different levels of financial reporting services from the most complex of audit reports to specific areas under an agreed-upon procedures report.  Your team will have access to our experts who can provide real-time and efficient reporting services for your organization.

 

We specialize in the following types of assurance services:

  • Audits
    • Provides the highest level of financial statement assurance with detailed transaction testing for:
      • Bank financing
      • Mergers and acquisitions
      • Management monitoring of internal control
  • Reviews
    • Moderate level of assurance for an entity’s financial statements using:
      • Analytical ratio analysis
      • Inquiries with management
      • Comparison to industry benchmarks
      • Provides no detail testing of transactions
  • Compilations
    • Provides no assurance to financial statements:
      • Used for specific internal management decisions
      • Provided for entities that require the simplest form of financial reporting

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  • Agreed-Upon Procedures
    • Provides reporting exceptions to specific management procedures:
      • Cost certifications for state or local governments
      • Court mandated procedures for settlement of cases
      • Banking requirements for lending continuance