You do your best to track the finances and accounts associated with your business, but there’s always the nagging feeling that some detail has fallen through the cracks. How can you gain peace of mind that you won’t be penalized for errors, missteps, or omissions?
That’s where assurance comes in.
Third-party assurance services are essential for reducing risk and building confidence in all reported financial information. “Assurance services” refer to the independent review of any financial document or transaction — such as a loan, contract, or financial website — for correctness and validity. By improving the quality of the information that gets reported, assurance services make things easier for decision-makers like stakeholders, analysts, and the business owner or owners themselves.
Ready to get started? Contact us today to partner with a trusted advisor from Aldridge Borden & Company.
Types of Assurance Services
Types of assurance services include:
- Risk assessment
- Business performance management
- Information systems reliability and data security
- Electronic commerce
- Quality control and service-specific standards
- Environmental performance
- Employee benefits/healthcare performance measurement
- and more
Benefits of Assurance Services
Thorough assurance services dispel doubts, reduce risk, and inform important decisions like where to cut costs and where to expand next. More benefits of assurance services from CPA firms include:
- More accurate financial statements
- Increased valuation
- Improved internal controls
- Fraud prevention
- Opportunity to identify strengths and weaknesses
Accurate accounting is a necessary part of growing your business. Analyzing and reporting financial data is important in order to gauge the health of the business and find ways to boost profits in the future. Aldridge Borden & Company’s eagle-eyed small business accountants provide assurance services to help you stay organized, catch errors, and ultimately save time and money.
The opinion of Aldridge Borden & Company and our CPA assurance service has been relied upon by businesses and other organizations since 1918. Such confidence is directly related to the skills and integrity of Aldridge Borden & Company’s employees and our commitment to quality.
To ensure complete accounting accuracy and minimize liability, our unique audit approach incorporates the knowledge gained from proficient valuations skills. Several of our Attestation managers are also certified valuation analysts (CVA), and we are committed to developing this mindset in all our staff. This results in our clients receiving value-added service through consulting and management recommendations that stem from the engagements we perform. Understanding the industry, economy, analytical data, internal processing systems, and specific company risks are essential to effective and efficient engagement. Many times, this understanding results in advisory comments that help management in making decisions that are critical to their success.
For CPA Assurance Service, Financial Planning, & More, Always Count On Aldridge Borden & Company
Aldridge Borden & Company is a full-service CPA firm located in Montgomery, Alabama. For decades, our diligent CPAs have helped individuals and businesses manage their finances.
We collaborate closely with you and your team to develop an accounting system that works best for you and your unique business plan. As financial professionals with experience in a variety of industries, we are ready to help small business owners in Montgomery, Wetumpka, and beyond take charge of their financial futures.
We believe in building a foundation of trust and transparency. Navigate below to view our industries of expertise as well as our most recent peer review report. To learn more about the assurance and advisory services we offer, contact us now.
The International Framework for Assurance Engagements identifies five key components of assurance: relationship, subject matter, criteria, evidence, and conclusion. Each one will be analyzed, though the specifics will vary from case to case.
Assurance services can be tailored to meet your specific needs. Generally, such engagements will result in one of four levels of service for financial statements or specific data
- Compilation – includes reading & making inquiries without any assurance
- Review – provides limited assurance
- Audit – full opinion issued
- Agreed-Upon Procedures – procedures tailored to meet specific needs
Our affiliation with CPAmerica gives us access to over 80 firms from across the country with over 2,500 professionals and includes international support from Crowe Horwath International. This association provides us with specific expertise when needed, keeps us abreast of current trends in our practice and offers excellent training and networking opportunities to better serve our clients.
Whether you’re interested in exploring assurance services this upcoming tax season or implementing them all year round, we have the solutions you need.
Most Recent Peer Review Report
As a member of the American Institute of Certified Public Accountants’ Private Companies Practice Section (PCPS), Aldridge, Borden & Company, P.C. participates in the Peer Review Program. Although participation in this program is currently required by the PCPS, our firm voluntarily participated in the peer review process long before we were required to do so. The AICPA Peer Review program is dedicated to enhancing the quality of accounting, auditing, and attestation services.
The firm’s Attestation services practice has always received an unqualified opinion or a passing rating on its Peer Review reports. Our success is based on our commitment to the overall quality of the services we perform. The most recent peer review report can be accessed below