Audit, Review, and Compilation Services

At Zenith Tax & Accounting LLC, we understand that accurate financial reporting is the cornerstone of trust and transparency in business. Whether you need a detailed audit, a limited review, or a basic compilation of financial statements, our team is here to deliver tailored services with precision and professionalism. We cater to a wide range of businesses, from small enterprises to non-profits, ensuring that your financial data is accurate, reliable, and compliant with the latest accounting standards.

Audit Services

An audit provides the highest level of assurance on your financial statements, offering a comprehensive examination of your financial records, internal controls, and accounting procedures. Our audit process is designed to not only validate the accuracy of your financial statements but also enhance your organization’s operational efficiency by identifying potential areas for improvement.

In-depth Financial Statement Audits: Our team performs a thorough analysis of your financial data, ensuring that your financial statements are free from material misstatements and conform to Generally Accepted Accounting Principles (GAAP).
Internal Control Assessments: We evaluate your internal controls to ensure they are properly designed and functioning effectively to safeguard assets, enhance accuracy in financial reporting, and reduce the risk of fraud or errors.
Fraud Detection and Prevention: We assess risk factors for fraud and conduct testing designed to detect fraudulent activity. Additionally, we provide guidance on strengthening anti-fraud measures to protect your business.
Compliance Audits: For organizations subject to regulatory oversight, we ensure that your financial reporting is in full compliance with industry-specific regulations and standards.
Audit Report and Insights: Beyond the numbers, we deliver actionable insights, helping you strengthen financial practices and improve decision-making across your organization.

Audits are ideal for businesses seeking to build trust with investors, lenders, regulators, and stakeholders by offering the highest level of financial transparency and accountability.

Review Services

A review provides a lower level of assurance than an audit but still offers valuable insights into the accuracy and reliability of your financial statements. Our review service includes analytical procedures and inquiry-based evaluations, ensuring that financial statements are free from material misstatements, all while being more cost-effective than a full audit.

Analytical Review Procedures: We apply analytical techniques to your financial statements, looking for discrepancies, unusual trends, and variations that could indicate potential issues.
Inquiry-Based Evaluations: Through detailed inquiries with management, we gather an understanding of your financial processes and any concerns that may arise in the reporting period.
Limited Assurance: While a review doesn’t involve in-depth verification of each financial transaction, it provides a moderate level of assurance that your financial statements are in conformity with GAAP.
Cost-Effective Financial Integrity: Reviews are ideal for businesses that require a moderate level of assurance to satisfy stakeholder or regulatory requirements without the cost and time investment of a full audit.

Compilation Services

If your business needs financial statements prepared but does not require any level of assurance, a compilation may be the best option. Compilations involve taking your internal financial data and presenting it in the form of financial statements. While no opinion or assurance is expressed, a compilation ensures that your financial information is organized and presented in a clear, professional format for external users.

Organizing Financial Data: We take the financial information you provide and compile it into GAAP-compliant financial statements. This includes balance sheets, income statements, and statements of cash flows.
Basic Financial Presentation: Our service helps convert raw financial data into standard, presentable formats for internal use, tax filings, or sharing with stakeholders.
No Assurance Provided: It’s important to note that compilations do not involve inquiry, analytical procedures, or verification of the information provided, but they are a cost-effective way to present financial data in a clear and professional manner.
Ideal for Internal Use or Lender Requirements: Compilations are often requested by lenders or for internal reporting purposes when there is no requirement for formal assurance.

Why Choose Zenith Tax & Accounting LLC?

At Zenith Tax & Accounting LLC, we bring years of experience and a commitment to delivering the highest standard of service in audit, review, and compilation engagements. Here’s why you should trust us with your financial reporting needs:

Personalized Approach: We understand that each business is unique, and we tailor our services to meet your specific needs and circumstances. We take the time to understand your goals and challenges, ensuring that our services provide the greatest value to your organization.
Industry Expertise: Our team is well-versed in the accounting and reporting requirements for a variety of industries, including real estate, non-profits, retail, and more. Whether you’re a small business or a growing enterprise, we have the expertise to guide you.
Focus on Accuracy and Compliance: We are meticulous in our work, ensuring that your financial statements are accurate, complete, and compliant with the latest standards and regulations. This attention to detail helps protect your business from potential risks and penalties.
Clear Communication and Timely Delivery: We pride ourselves on our transparent communication and dedication to deadlines. You can count on us to keep you informed throughout the process and to deliver your financial statements on time.

Let’s Get Started

Whether you need a comprehensive audit, a review to confirm the reliability of your financial statements, or a simple compilation, Zenith Tax & Accounting LLC is here to help. Contact us today to discuss how we can assist with your financial reporting needs, so you can focus on growing your business with confidence.