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Audits, Reviews, and Compilation

Lombardo Ayers & Company, LLC’s financial statement services comprise various levels of assurance depending on your company’s needs.

Audits offer the highest level of assurance to the client and third parties. An audit includes in- depth examination, confirmation and analysis of account balances and selected transactions. We perform audits to ascertain the validity, integrity and reliability of your financial statements. An audit results in an expression of an opinion on these financial statements.

Reviews provide limited assurance to the client and third parties. A review consists principally of inquiries of company personnel and analytical procedures applied to financial data. A review report provides limited assurance that there are no material modifications that should be made to the financial statements.

Compilations are limited to presenting in the form of financial statements information that is the representation of the company’s management. A compilation does not offer assurance, but may involve some adjustment to the accounting records.

Employee Retirement Plans
Employee Retirement Plans performed by Lombardo Ayers & Company, LLC meet the independent compliance audit requirement mandated by the Department of Labor and ERISA. These audits are performed for medium to large companies (100 or more participants) as part of their obligation to file an annual return (Form 5500 Series).

Accounting Support Services

From start-ups to established enterprises, businesses rely on accurate and insightful financial information in order to maintain profitability and capitalize on new opportunities. Lombardo Ayers & Company, LLC’s accounting services steer you closer to these goals with accurate record-keeping and reporting as well as support on financial issues such as initial accounting system setup, cost-containment, tax planning, investments, and employee benefit and profit-sharing plans.

Accurate record-keeping is essential to a successful business yet can also be complicated and time consuming. Lombardo Ayers & Company, LLC can help you with the organization and day-to-day tasks of bookkeeping so that you can focus on your core business.

These services include but are not limited to:

  • General ledger and financial statement preparation
  • Bookkeeping (Monthly, quarterly, or annual)
  • Accounting system setup and support
  • Cash flow budgeting and forecasting
  • Personal financial statements
  • Employee benefit and profit-sharing plan consulting
  • Corporate tax planning and return preparation

We can set up financial reports for your view to streamline your business and save your valuable time. These reports are important tools that can guide your business in making financial decisions, planning, and evaluating performance.