Accounting Services
Generally, with closely held and privately-owned businesses, improper controls and inconsistent accounting methods exist and ultimately lead to a disorganized accounting system as a whole.
Typically, Private Equity and Investment Banking firms penalize or do not fully evaluate companies that have disorganized accounting systems. Being affiliated with an accounting firm, we can easily engage their staff to clean up a company’s financials. This is beneficial to entrepreneurs by increasing the transparency and value of the client’s business. Thus, we are able to evaluate companies that have typically been passed over by other Private Equity and Investment Banking firms. |
About the Burns Firm Ltd.
The professionals at The Burns Firm, Ltd. are Certified Public Accountants and Consultants experienced in the financial, accounting, tax, and management needs of individuals and growth-oriented businesses operating in a wide variety of industries.
Our Philosophy at The Burns Firm, Ltd. is a full service public accounting and consulting firm providing exceptional professional services to our clients for over 25 years. We have helped thousands of business owners and individuals minimize their taxes, organize their accounting records and handle complex IRS matters.
Our experience and expertise have consistently been invaluable in accomplishing our client’s objectives. We are committed to the highest level of ethical conduct in our profession and in our community.
The professionals at The Burns Firm, Ltd. are Certified Public Accountants and Consultants experienced in the financial, accounting, tax, and management needs of individuals and growth-oriented businesses operating in a wide variety of industries.
Our Philosophy at The Burns Firm, Ltd. is a full service public accounting and consulting firm providing exceptional professional services to our clients for over 25 years. We have helped thousands of business owners and individuals minimize their taxes, organize their accounting records and handle complex IRS matters.
Our experience and expertise have consistently been invaluable in accomplishing our client’s objectives. We are committed to the highest level of ethical conduct in our profession and in our community.
Services
Audits, Reviews and Compilations
Audits, reviews and compilations are among the more traditional services rendered by our firm. These latest services that we have added were brought about by the needs of companies to comply with demands from lenders, shareholders, government agencies, and various other agencies. As CPA’s, we are allowed to issue one of the three levels of assurance on the financial statements, forecasts or projections of a company that are listed below. Audits Auditing is a sophisticated process developed by the accounting profession for the examination of financial statements by CPA’s. It consists of gathering and evaluating evidence to test the conformity of the statements with generally accepted accounting principles (GAAP). An audit offers investors, creditors or other reader’s reasonable assurance that the statements present a company’s financial position and results of operation in conformity with GAAP. Audits add credibility to financial statements and provide information that is important for management decision making. Therefore, audits are applicable to many small businesses as well as for large, publicly held companies. Reviews Review procedures, which are substantially less comprehensive than those performed in an audit, enable us as CPA’s to express limited assurance on conformity of the financial statements with GAAP. In performing reviews, we apply analytical procedures to a company’s financial statements and make certain inquiries of management. In many cases, reviews may be sufficient to satisfy lenders, shareholders or other outsiders and can be significantly more cost effective. Compilations In compilations, we use financial information supplied by the client into the form of financial statements, but do not express any assurance on the statements. This service may be suitable for management purposes and internal use but provides no assurance to third parties. General Accounting In addition to the above functions, we can assist in many areas of general accounting including preparing working trial balances, assisting in adjusting the books and records, providing various manual or automated bookkeeping or data processing services, and assisting with internally generated financial information. The Burns Firm, Ltd. differentiates itself in providing these services by always keeping in mind that we are providing goal-oriented information and credible financial statements, and that each project will result in valuable recommendations to management. |
|