Financial Statement Assurance

Not all users of financial statements need the same degree of assurance. We therefore offer three distinct services involving financial statements: audits, reviews, and compilations. These services are keyed to meet the different needs of our clients.


An audit offers the highest degree of assurance regarding financial statements. Thus, an audit requires significant testing of the underlying financial transactions and a study of the system of internal controls. It also includes confirmation with outside parties, physical inspection and observation, tracing transactions to supporting documents, and a number of other tests. The auditor has responsibility to plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement, whether caused by error or fraud.

Third parties, such as bankers, other credit grantors, and bonding companies often require an audit.


A review requires us to have a working knowledge of your industry and key aspects of your business. We make inquiries relating to the financial statements and then apply analytical procedures designed to identify unusual items or trends that may need explanation.
A review is designed to see whether the financial statements make sense, without applying audit-type tests. This process does not include confirmations with outside parties.


A compilation involves taking financial information provided by a company and compiling it in a proper financial statement format. A compilation carries no degree of assurance; yet, it is adequate for certain purposes.

We first familiarize ourselves with accounting practices common to your industry and acquire a general understanding of your company’s transactions and how they are recorded. We then compile the financial statements and give them a professional second look.


Contact Us

Rogers, Anderson, Malody & Scott, LLP
Certified Public Accountants, since 1948

735 E. Carnegie Dr. Suite 100
San Bernardino, CA 92408
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909-889-5361 FAX