Assurance
Lewis & Knopf provides traditional audit and accounting services, enhanced by the personal attention and management assistance we provide. Our team is trained to search for trends that may have been overlooked and to identify opportunities that will increase profitability and effectiveness of your organization.
We are personally committed to understanding your business. Always available for management consultation, our talented and experienced professionals are always conscious of your need to manage costs. We are structured to ensure principal involvement with each and every client.
The Right Service for Your Business
You will find financial statements prepared by Lewis & Knopf to be meaningful and informative. We provide the three distinct degrees of financial statement services: audit, review and compilation, each designed to meet the specific needs of individual clients.
Listed below is a comparison of the three reporting services we offer:
| Audit Service Maximum | Review Service Limited | Compilation Service None | |
|---|---|---|---|
| Level of Assurance | Reasonable assurance that financial statements are free of material misstatements | Limited assurance that financial statements do not require any material modifications | No assurance |
| Financial Statement Opinion | Statements prepared on management’s representations plus verification and corroboration of those representations | Statements prepared on management’s representations with no verification or corroboration of those representations | Statements prepared on management’s representations with no verification or corroboration of those representations |
| Required/Available Procedures | Study of internal control Confirmation Vouching Reperformance Scanning Inspections Observation Inquiry & Analytical Review | Inquiry & Analytical Review | None |