Assurance

While audits do not typically have a reputation for adding value, at Lohman Company we understand that they play a key role in uncovering new opportunities for growth. When audit services are performed thoroughly and accurately, they yield a wealth of information about a business. We have the knowledge and resources necessary to both perform your engagement and then help you put the results to work for you.

Determining the Level of Assurance Service You Need
The American Institute of Certified Public Accountants (AICPA) has standards that allow CPAs to offer three levels of assurance on financial statements, audits, reviews, and compilations. Your Lohman Company assurance expert will help you determine which level of service best meets your needs.

• Audit: With this level of service, our team will provide assurance that the financial statements are free of material misstatements.
• Review: Our team will conduct in-depth discussions with your organization’s management and provide an analysis of your financial results, with limited assurance.
• Compilation: Our team will compile your financial statements into the proper format, in accordance with Generally Accepted Accounting Principles (GAAP), without providing assurance on management’s information.

In addition, we offer preparation of financial statements under our Assurance department. Preparation of financial statement services provide no assurance.

For additional information, download our Assurance Services Fact Sheet.