Financial Statement Services
Your financial statements tell a story to your lenders, your investors, your board, your donors, and your leadership team. Whether you need independent assurance, financial statements prepared for management use, or forecasts and projections to support future planning, the right financial statement service can help you be sure the information is clear, useful, and appropriate for its intended purpose. KatzAbosch’s Accounting and Assurance team works with you to determine the level of service that best meets your needs.
Financial Statement Audits
An audit provides the highest level of assurance on your financial statements. Our team performs audit procedures, including examining financial records and supporting documentation, making inquiries of management and personnel, evaluating relevant internal controls, and obtaining third-party evidence where appropriate. The result is an independent auditor’s opinion on whether your financial statements are fairly presented in all material respects, in accordance with generally accepted accounting principles (GAAP) or another applicable basis of accounting.
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Financial Statement Reviews and Compilations
A review provides limited assurance on your financial statements and primarily involves analytical procedures and inquiries of management. A review may be appropriate when lenders, investors, or other financial statement users require a level of assurance that is less extensive than an audit.
A compilation involves assisting management in presenting financial information in the form of financial statements but does not provide assurance on that information. Compilations can be appropriate when financial statements are needed for internal purposes or for third parties that do not require assurance.
Financial Statement Preparation
KatzAbosch assists organizations with the preparation of financial statements in accordance with GAAP or another applicable reporting framework. Whether provided as a standalone service or in connection with an audit, review, or compilation, our team helps make sure financial information is presented clearly and consistently and meets applicable financial reporting requirements.
Projected and Forecasted Financial Statement Services
Securing financing or bringing in new investors may require more than historical financial statements. When lenders or prospective investors require forecasts or projections, KatzAbosch works with management to translate its assumptions and expectations into prospective financial statements prepared in accordance with applicable AICPA professional standards. These financial statements provide a structured presentation of anticipated financial results to support financing, investment, and other business decisions.
“Special Community Benefits Districts are unique, and what we learn about our organization through the audit has been invaluable. KatzAbosch is dedicated to that experience.”
Financial Statement Audit Insights
Accounting & Assurance Update: Old and New Standards and Fraud Considerations for Mid-Market Firms
The accounting landscape shifted meaningfully in 2025, and mid-market firms are still working through the implications. New FASB…
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Is Your Organization Ready for a Financial Statement Audit?
Summary Audit readiness isn’t built in the weeks before fieldwork begins—it’s the result of consistent processes, sound documentation, and financial discipline maintained throughout the…
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Selling Your Business? Here’s How to Prepare for Due Diligence
Summary A formal business valuation before going to market serves as a dry run for due diligence—surfacing weaknesses,…
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