Services Offered by Professional Accounting Firms
Accounting and Auditing Services
Year end audit. This may include assisting the client in calculating the amount of the income taxes
owed, valuing stock options and other stock compensation arrangements under FAS 123, and
drafting and typing the financial statements.
Review of interim (monthly, quarterly) financial statements.
Compilation of financial statements.
Bookkeeping services (some firms offer this as a computer bookkeeping service).
Valuations of derivatives at fair market value for accounting purposes.
Assistance in preparation of and review of filings with the SEC, including initial public offerings.
Underwriter comfort letters for SEC and non-SEC filings.
Audit of Management's Discussion and Analysis in SEC filings.
Agreed-upon procedures engagements (the client and auditor agree to procedures the auditor is to
perform with respect to tasks such as testing a royalty arrangement or compliance with a loan
agreement, and the auditor then issues a report on his or her findings).
Audit or review of financial forecasts or projections. This includes such documents included in
Providing advice on how to interpret new accounting pronouncements, including providing
sample journal entries.
Audits of financial statements of pension plan financial statements.
Director examinations of financial institutions.
CPA WebTrust - an engagement to review the security of a company's website that is conducting
electronic commerce over the internet.
Assisting international companies in conforming their financial reporting to U.S. financial
reporting practices (GA AP conversions).
Technical opinions on accounting matters to clients of other accounting firms.
Ethics and Responsible Business Practices - a service that helps clients address the sources of
internal wrongdoing and eliminate barriers to respon