A lender, a funder, a board or an Oregon statute can each require a different report. Tell us which of them asked and we confirm whether you need an audit or a review.
We read the clause, letter or statute and confirm whether it calls for an audit, a review or something else.
We set the periods, the framework and the deadline in an engagement letter.
We send a document list, and tell you early if the books need work first.
We test, ask questions and issue the report when the evidence supports it.
Each requester sets its own level. Match your situation, then send us the paperwork.
Your lender names the level, the deadline and sometimes the accounting framework in the covenant. A review involves less work than an audit, so ask whether the bank will accept one before you commit. We handle the lending side through our bank financing service.
A buyer, an investor or a partner agreement can each require audited statements, and a due diligence review is a different engagement again.
A grantmaker sets its own reporting conditions in the agreement. Spend $1,000,000 or more in federal awards in a fiscal year and you also need a single audit or a program-specific audit, for fiscal years beginning on or after October 1, 2024 (2 CFR 200.501). Count federal money that reaches you through the state or a larger nonprofit.
A condominium or planned community with annual assessments over $75,000 owes a CPA review within 300 days of year end, unless owners vote each year to skip it (ORS 94.670, ORS 100.480). At or below $75,000, owners can petition for one in some associations. Neither applies until the fiscal year after the declarant hands over control.
Your governing documents can require an audit where the state asks only for a review, so read them before you book anything.
Opening balances, prior-year records and predecessor information all affect the timetable. Start the conversation early.
See our audits, reviews and compilations page for the three engagements.
Pick the engagement that matches the request you received.
Statements a bank, buyer or partner will rely on.
Funders, boards and the Department of Justice.
Audits and reviews for these industries.
Work before or alongside an audit, plus IRS audit representation, which is a different service.
See the full services list for the rest of what we do.
Send us the loan, grant or bylaws clause that requires statements, and we confirm the level.
We price audit services and reviews on the work the evidence needs:
Send the request and last year’s statements, and we scope the work in writing.
Send us the document that requires statements, your fiscal year end and your latest figures. We confirm whether you need our financial statement audit services or a review before you commit.