Gain confidence in your financial information with experienced audit and attestation services for businesses and organizations throughout Spokane and Eastern Washington.
Whether you need audited financial statements for a lender, regulatory rules, or a contract, we can help. Our experienced professionals provide careful, objective financial reporting services tailored to your organization.
If your business or personal return has been selected for an IRS or Washington State tax examination, timely professional guidance can help you understand the request, organize your records, and respond appropriately.
Because tax audit assistance is different from a financial statement audit, we begin by reviewing the notice and determining what type of support or representation may be appropriate.
We believe an audit should provide more than a compliance deliverable. Our professionals work to make the process clear, responsive, and appropriately planned from the beginning.
Understand Your Requirements
We identify the intended users, deadlines, reporting framework, and specific engagement requirements.
Plan the Engagement
Our team establishes the scope, timeline, documentation needs, and communication process
Perform the Work
We examine the applicable financial records, controls, transactions, and supporting documentation.
Communicate the Results
We discuss our findings, answer questions, and deliver the appropriate financial statements and reports.
SERVICES
Professional Audit and Attestation Services
Financial Statement Audits
A financial statement audit provides the highest level of assurance. We examine financial records, internal processes, supporting documentation, and accounting practices to determine whether the financial statements are fairly presented in accordance with the applicable financial reporting framework.
An audit may be required by a lender, investor, regulator, governing board, or contractual agreement.
Financial Statement Reviews
A review provides limited assurance through analytical procedures and inquiries. It is less extensive than an audit but offers greater assurance than a compilation.
Reviews can be appropriate for organizations that need credible financial statements without the scope or cost of a full audit.
Agreed-Upon Procedures
An agreed-upon procedures engagement focuses on specific financial information, transactions, accounts, or compliance requirements identified by the organization and other intended users.
Rather than providing an audit opinion, we perform the established procedures and report the factual findings, allowing stakeholders to evaluate the results based on their particular needs.
Financial Statement Compilations
A compilation assists management in presenting financial information in the form of financial statements. It does not provide assurance, but it can help a business produce organized financial statements for internal use or submission to outside parties.
Reliable Financial Reporting for Important Decisions
Over 30 Years of Guidance That Stays Active
BSK Tax Advisors is a Spokane-based CPA and advisory firm dedicated to helping businesses and individuals achieve financial clarity and long-term success. Our experienced team provides proactive tax planning, accounting, and business advisory services designed around the unique needs of every client. We combine decades of experience with a personalized approach to deliver the trusted guidance our clients rely on year after year.
The following table provides a general comparison:
Service
Level of Assurance
General Procedures
CPA Report
Relative Cost & Time
Common Reasons
Compilation
No assurance
Organizes and presents management’s information; limited consideration of obvious issues
States that no assurance is provided
Usually the least extensive and least costly
Internal reporting, planning, or stakeholders that do not require assurance
Review
Limited assurance
Inquiries and analytical procedures; limited investigation of unusual items
States that the CPA is not aware of material modifications based on the review
Generally more involved than a compilation but less than an audit
Financing, investor reporting, board requirements, or other moderate assurance needs
Audit
Reasonable assurance
Risk assessment, testing, confirmations, documentation review, internal control procedures, and other audit work
Expresses an opinion on the financial statements
Generally the most extensive, costly, and time-consuming
Significant financing, grants, ownership agreements, regulations, or strong stakeholder requirements
SERVICES
Supporting Your Business Beyond Audit and Attestation
Today's business owners need more than tax preparation. They need trusted advisors who can help them make smarter decisions, improve cash flow, minimize taxes, and create long-term value.
An independent CPA audit provides reasonable assurance that financial statements are presented fairly in accordance with applicable accounting standards. Audits are often required by lenders, investors, regulators, grantors, and governing boards.
Common items include financial statements, bank reconciliations, supporting schedules, invoices, contracts, payroll records, debt agreements, and prior year reports.
Maintaining organized accounting records, reconciling accounts timely, and communicating significant transactions early can help make the process more efficient.
An audit provides the highest level of assurance, while a review offers limited assurance through analytical procedures and inquiries. A compilation organizes financial information into financial statement format but provides no assurance. BSK offers review and compilation services in Spokane and can help you determine which option is appropriate.
A business may need an audit when applying for financing, meeting investor needs, or preparing for a sale. It may also need one to meet contract terms or follow legal rules. A financial statement audit in Spokane can also strengthen confidence in your financial reporting.
BSK combines local knowledge, professional experience, and responsive communication. As a CPA audit firm in Spokane, we help organizations meet reporting requirements. We explain the audit process and provide reliable financial information to key stakeholders.
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Today's business owners need more than tax preparation. They need trusted advisors who can help them make smarter decisions, improve cash flow, minimize taxes, and create long-term value.
