Chaggares & Bonhomme offers the following accounting services. Please choose from a link below to learn more.
We submit your financial statements to an audit, and then offer an opinion as to whether or not your financial position and operations results have been fairly presented to your lenders, creditors, partners, and customers. This opinion is the highest level of assurance you can receive. In an unpredictable business environment, growing businesses need a safety net.
Our audit approach is planned and proactive. We focus on your financial statements and related accounting records, and then we carry out tests to verify your figures and analyze the reasons for your account fluctuations. In the end, you benefit from credible figures and financial statements prepared according to GAAP/IFRS that identify areas for improvement, alert you to concerns before they become surprises, and help you confidently move your business forward.
We submit your financial statements to a review, and then issue a written communication expressing a conclusion concerning the plausibility of your financial position and operations results.
Since the assurance provided in a review engagement is lower than in an audit, the scope of the work associated with a review engagement is significantly less than that of an audit as well. A review consists primarily of enquiry, analytical procedures, and discussion related to information provided by you to assess whether the information provided is plausible.
Notice to Reader Engagement
We compile unaudited financial information into financial statements, schedules or reports based on information supplied by our clients.
A compilation engagement is appropriate only where the client and other users do not need financial information that conforms in all respects to GAAP/IFRS and audit or review assurance is not required, and where the client understands that the statements may not be appropriate for general purpose use.
Pro-Forma / Projections
We prepare financial statements based on estimates and assumptions provided by management. These statements can be used to secure loans, mortgages and other types of financing where formal financial statements are not required and are not available, as would be the case with a start-up business.