Financial Statement Preparation
Are you working with a bank to secure a loan? Are you preparing documents for a potential sale of your business? Are you being audited by the federal government? Or do you simply want to know the bottom line on how your business is performing? There are as many different types of financial statements as there are applications.
Financial statements are also developed at different levels of complexity depending on what the statement is for and who is asking for it. A financial statement can be as simple as a reflection of numbers that you provide, formatted appropriately, or it can be as sophisticated as is required by a full-scale audit, ensuring accuracy and completeness by linking every number to a third-party verifying document. HBK CPAs work with you to determine the type and level of sophistication of the financial statement required by your application: preparation, compilation, review or audit.
HBK financial statements are prepared in accordance with an acceptable financial reporting framework. If you’re not sure which reporting framework to use, we explain the pros and cons of each to determine the best fit for your business. Often, the HBK CPA who performs your general accounting or bookkeeping and prepares your annual tax return can also prepare your financial statements. And when a specific area of expertise is required, your HBK CPA can draw on the support of HBK financial professionals.
HBK has prepared credible financial statements for thousands of clients, but what sets us apart is working together with you to create additional value throughout the financial statement process. This is why, while performing financial statement audits, reviews or compilations, we proactively look for ways to improve your business as we find solutions to help you save time and money.