Audit & Attest Services

If you are a business owner, you may be asked to provide financial statements that have been either “audited”, “reviewed”, or “compiled” by a CPA.

While these three words may sound scary to you, our accountants at Tax Solutions know exactly what to do. Essentially, this is a request for a licensed, regulated professional to attest or issue a letter that provides a level of assurance as to the accuracy of your accounting systems and reports. That level of assurance falls into three categories: audited, reviewed, or compiled.

Review by a certified third-party professional provides the requestor an additional degree of comfort over company accounting figures that were self-prepared. When asked to provide consultation for attestation service, we look at accounting systems (both human and computer) that surround invoicing, payables, inventory, and cash management.

You will most likely encounter an audit or attestation request in the following scenarios:

  • You are a not-for-profit applying for a grant and the granting institution wants them.
  • You are a construction company and you need them as part of a surety bond requirement.
  • You have a commercial loan and the covenant requires you to provide them to a lender.

If you have this need, please contact us. We would be happy to speak with you. We are licensed with the American Institute of Certified Public Accountants and the Georgia Society of Certified Public Accountants to perform audit and attest services. Please feel free to contact us to request a copy of our most recent peer review report.


Case Studies


Issue Annual Audited Financial Statements For Client to Maintain Surety Bond Coverage

A commercial general contractor (GC) wanted to bid and do work for Starbucks and other national chains. The GC was compelled by these large contracts to obtain a “surety bond”, which is a special insurance contract that guarantees job performance. We helped our client with their internal controls, accounting processes, and financial statement reporting – all requirements of the insurance company to issue them a surety bond. As a result of helping them satisfy requirements for their annually audited financial statements to maintain the surety bond, the client has grown their revenues from $1 million to $9 million within nine years.



Issue Reviewed Financial Statements to Lender for Client to Avoid a Balloon Payment

A commercial landlord with six tenants was facing a steep balloon payment. When attempting to refinance, the lender for this commercial landlord was not satisfied with the presentation of the business financial statements.  We were asked by both parties to review and correct the statements. As a result, the commercial landlord avoided the sizeable balloon payment and was able to refinance a first and second mortgage into a comfortable monthly payment.



Issue Annual Audited Financial Statements for Not-for-profit to Receive Grant and Corporate Donations

A local not-for-profit had operational by-laws that mandated an annual audit of their books. It is an implied industry practice that grantees provide proof to foundations that they have solid accounting practices before those foundations give them money.  We performed an audit of the not-for-profit’s internal controls and accounting systems, then delivered audited financial statements. These efforts helped validate the Executive Director’s fiduciary role and allowed the client to continue to receive $100,000 in donations from United Way and Fortune 500 clients Home Depot, Lowes, and Accenture.