Audit Services Lenders, investors, bonding companies, government agencies and others often rely on qualified CPA's to provide an independent opinion on the financial statements of a company or non-profit organization as a means of gaining assurance that the financial information meets accounting standards.  This is done through a process called an audit. In an audit CPA's evaluate the organization's accounting system and internal controls, gather and examine evidence that support the financial statements, make inquiries of managment and outside parties, and analyse the financial data that management provides.  The goal of this process is to reach a conclusion whether the financial statements are presented in accordance with generally accepted accounting principles.  This conclusion is documented in the independent auditor's report. The Billups Company provides auditing services for privately held companies, non-profit organization and governmental entities.

Compilation and Review Services The Billups Company also provides compilation and review services for many different types of organizations.  A compilation is an engagement in which we draft financial statements for your company or organization based on information that you provide.  We do not audit or review the data nor provide any sort of assurance on it that may be relied upon by outside parties.  Compilations are appropriate for smaller organizations that want or need formal financial statements for reporting to interested outside parties or internal users of financial information, such as a board of directors.  A review is an engagement in which we can provide  limited assurance on the financial statements by performing inquiries and analysis on the statements.  At the conclusion of a review engagement we issue a review report.  A review engagement is appropriate where outside users, such as lenders or bonding companies, require a higher level of scrutiny and some assurance not provided in a compilation. Generally speaking, fees are higher as the level of assurance increases because of the greater amount of work needed in a review as compared to a compilation or in an audit compared to either a review or compilation.  Fees are usually based on the actual time taken to complete the work. Whether it is an audit, review or compilation, financial statement reporting can enhance the value of your business particularly if you are borrowing money, looking for investors,  working with bonding or you are trying to sell your business.  CPA prepared financials statements allow you to provide better information to outside users, allowing them to better assess their risks, potentially leading to lower financing and bonding costs and a higher sales value for your business.

Accounting Bookkeeping and Payroll Services The Billups Company CPA's provides a variety of other accounting services that can be designed to match the needs of businesses and other organzations. Accounting Services.  We routinely assist our clients by providing advice on the theory and practical application of accounting standards and in developing and implementing accounting systems and internal controls that assist them to insure that accounting records are accurate and complete and that assets are safeguarded. Bookkeeping Services.  We can provide customized bookkeeping services tailored to the needs of the client including comprehensive full-charge bookkeeping services. Payroll Services.  We also provide complete payroll services.  These services include electronic filing of payroll reports and payment of payroll tax deposits and such services as direct deposit for your employees. Litigation Support.  We can provide attornies and their clients with financial and accounting analysis and expert testimony on a wide variety of issues.