Gorfine, Schiller & Gardyn, P.A. professionals provide a complete range of accounting and auditing services including:
Financial statement audits are normally conducted for the purpose of forming an opinion on the basic financial statements taken as a whole. An audit includes examining — on a test basis — evidence supporting the amounts and disclosure in the financial statements. An audit also includes assessing the accounting principles used and significant estimates made by management, as well as evaluating the overall financial statement presentation.
One of the most valuable services an accounting firm can provide is to make recommendations to its clients on how they might improve their internal controls and/or other procedures which may increase efficiency and /or profitability.
Contractors performing work for or receiving funds from local, state and federal agencies must comply with the complex Federal Acquisition Regulations (FAR). These regulations require the calculation and annual audit of indirect cost rates (overhead rates).
Reviews are conducted for the purpose of expressing limited assurance that there are no material modifications that should be made to the financial statements. A review consists principally of inquiries of company personnel and analytical procedures applied to financial data.
Compilations are limited to presenting in the form of financial statements information that is the representation of management.
Financial forecasts & projections present the expected financial position of a future period based on assumptions that reflect conditions management expects to exist and the course of action it expects to take.