Financial Statement Services

Finney, Neill and Company has been performing financial statement services including audits, reviews, compilations, attestation engagements, and consulting since 1992. As each company has unique attributes and needs, it is important to consider what level of assurance is needed to meet your company’s needs.

Audit

An audit engagement provides the highest level of assurance; as your independent auditor, we will conduct our audit in accordance with auditing standards generally accepted in the United States of America, which require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement. Finney, Neill and Company has experience with auditing a wide range of clients, including privately held companies, not-for-profit organizations and governmental entities.

Specialized areas in which Finney, Neill and Company performs audits include:

Yellow Book audits (those performed in accordance with Governmental Auditing Standards) of governmental entities, municipal corporations, not-for-profits and for-profits receiving federal funds

OMB Circular A-133, also referred to as “Single Audits”, of organizations which expend over $500,000 of federal funding. These audits are performed in accordance with Yellow Book auditing standards with the purpose of providing assurance that the management and use of federal funds are in compliance with federal guidelines

Financial and compliance audits of real estate projects financed through tax credit investments such as Section 42 (LIHTC), New Markets and Historic Rehabilitations, as well as those funded by the U.S. Department of Housing and Urban Development (HUD) to ensure compliance with funding requirements (such as Section 8, Section 242, and REAC). Additionally, we provide annual tax services to real estate project clients.

Employee Benefit Plans with more than 100 participants are required by the Employee Retirement Income Security Act of 1974 (ERISA) to file an annual audit report with their annual return. These reports provide assurance regarding the integrity of the information incorporated in the annual reports. Finney, Neill and Company has experience with limited scope audits as permitted by 29 CFR 2520.103-8 of the Department of Labor’s Rules and Regulations for Reporting and Disclosure under ERISA as well as full scope audits.

Review

A review engagement is substantially less in scope than an audit and involves performing analytical procedures to management’s financial data and making inquiries of management to obtain limited assurance that there are no material modifications that should be made to the financial statements. As your independent reviewer, we will conduct our review in accordance with Statements on Standards for Accounting and Review Services issued by the AICPA. We perform review procedures for clients in a wide range of industries including not-for-profit, construction, manufacturing and distribution, and service organizations.

Compilation

A compilation engagement provides no assurance; rather, our objective will be to assist you in presenting financial information in the form of financial statements. We will conduct our compilation of your financial statements in accordance with Statements on Standards for Accounting and Review Services issued by the AICPA. We perform compilation engagements for clients in a wide range of industries including professional services, governmental entities, manufacturing and distribution and real estate entities.

Attestation Engagements and Consulting

In addition to performing audits, reviews and compilations, Finney, Neill and Company also provides attestation engagements and consulting services. These services include cost certifications for real estate projects, REAC submissions, financial projections and forecasts, fraud prevention and detection, transactional consulting, and QuickBooks and Peachtree consulting.

Accounting

Among the accounting services we provide for our clients are:

  • Bookkeeping and write-up services
  • Accounting software training and assistance
  • Payroll processing
  • Accounting setup for new businesses
  • Depreciation and amortization schedules