YJL, CPA has extensive experience with providing accounting services for a wide variety of private clients. We view our role in the financial reporting process as an opportunity to provide constructive solutions for help maximizing your company's profitability and efficiency.
All incorporated businesses are, by law, required to present audited financial statements to their shareholders, unless all shareholders agree in writing to waive the appointment of auditors. Some businesses may have other reasons for requiring an audit, such as the need for financing, the sale or purchase of a business or because management finds added value in the audit. However, for many businesses, the additional costs may outweigh the benefits of more rigorous scrutiny. We can help you determine the level of assurance most beneficial for your business and tailor the work to meet your needs.
If your business has minimal external reporting requirements and you are actively involved in daily operations, a compilation engagement is a low cost, non-assurance alternative. For the compilation, we create easy-to-read financial statements from information provided to us. A compilation is most appropriate when prepared primarily for use by management/owner or meeting tax filing requirements.