Audit & Financial Reporting Services 

Planning, efficiency and open communication define our firm's
approach to assurance and auditing services.

AUDIT AND FINANCIAL REPORTING SERVICES

Grennan Fender Hess & Poparad, LLP provides a wide array of financial reporting including audits, reviews, compilations, and agreed upon procedures. In addition, our firm works in a variety of industries including construction and real estate, non-profit organizations, charter schools, manufacturing, retail, franchises, Department of Transportation, and condo/homeowner associations.

Professional standards allow us to offer three different levels of assurance on financial statements. Those three levels of assurance include audits, reviews, and compilations. Please contact us to help you determine which level of service best meets your needs.

THE AUDIT AND REVIEW PROCESS

An audit provides the highest level of assurance on a financial statement. Our work ensures an understanding of the organization, internal control, methodical review of selected transactions, and communications with third parties. A review provides limited assurance and is conducted primarily through analytical procedures and inquires. We provide a report, based on our findings, with our opinion about whether the financial statements are fairly stated and free of material misstatements. We operate at the highest level of integrity and objectivity to ensure compliance with ethics and independence standards. We will also proactively recommend potential improvements in internal controls and financial reporting to help improve decision making, reduce waste, tighten controls, and improve efficiencies.

We understand the annual audit or review can bring additional stress and can sometimes disrupt the normal flow of your day-to-day business. The professionals at Grennan Fender Hess & Poparad, LLP intend to make this process smooth, friendly and educational for all of the stakeholders of your business. Our approach is to thoroughly understand your company or organization and financial reporting requirements through detailed planning and open communication.

OTHER FINANCIAL REPORTING SERVICES

Grennan Fender Hess & Poparad, LLP also provides compilation services. We provide a report with prepared financial statements using information provided by your organization. This report provides no assurance. However, we will review the financial statements to ensure they are free from obvious errors. We are required to state in our report whether or not we are independent.

We are often requested to provide a report on specific procedures we may conduct either determined by a contract or requested by the client. In this case, we provide an “Agreed Upon Procedures Report” describing the results of our procedures.  Since is considered an attestation service and we must be independent.

SPECIALIZED AUDIT AREAS

  • Charter School Services
  • Employee Benefit Plans
  • Franchise Audits
  • Governmental and NonProfit Audits

Download Our Peer Review Report

“We look forward to working with the firm and have recommended them to our peers. Their knowledge and experience in the charter school industry has been invaluable.”

- Founders of a Charter School

Other Services

Trying to navigate the federal tax code can be time consuming, complex and confusing. Most importantly, understanding which tax laws apply to you and what impact they have is critical to ensuring you can make decisions that are “tax friendly.” Click here to learn more about our Tax & Consulting Services.
Accounting

Are you working in your business, not on your business? Do you need more time to attend to your core business? Are your financial statements always behind? Are you overwhelmed by monthly bills and invoicing? Have you recently been the victim of employee theft or fraud? Are you always filing tax extensions? Click here to learn more about our Accounting Services.

Contact Us

We believe in easy and open communication. For more information about how we can best serve you, click here to connect today.

Growing your business without a road-map can bring difficulties, inefficiencies and personnel challenges.  Our collaborative Business Optimizer Process helps business owners and their executive team specifically define goals, benchmark current positions and develop and implement a plan to achieve them. The Strategic Services Group helps build the necessary value drivers to enhance the business value, whether ultimately  transitioning to a third party or key employees. Click here to learn more.