Accounting and Assurance
KBFP is a Licensed Public Accounting firm providing the specialized services that clients demand, in order to fully accommodate creditor, regulatory, and investor requisites. We highly recommend employing a licensed and accredited accounting firm: it will ensure the highest standard of work, completed in a cost effective manner, and expedited in a timely fashion. We provide our services to privately held companies, as well as not-for-profit organizations, and we offer the full spectrum of accounting management: preparation, review, and auditing of financial statements; preparation of special reports; CFO and/or controllership services; and routine bookkeeping/payroll functions.
Whatever your business, large or small, financial statements play a fundamental role in your accounting management. At KBFP, we service you according to your specific needs – we can certainly review, audit and document financial statements, and when not required, we can compile and document financial statements for tax reporting purposes, performance assessment, or critical decision making. KBFP puts it all together – we provide quality work, in a cost effective manner, and within your timeframe – and it’s all designed to help you create a future path, based on realistic, viable projections.
From time to time, clients may require a comprehensive review of financial statements – this may be relative to a request from an outside party, but regardless, it’s a review that should be expedited by Licensed Public Accountants. Or, you may want to improve and enhance your internal financial/accounting systems and create a much higher standard of operation – again, best executed by a licensed firm. KBFP does the review of the financial statements, and issues an opinion of the plausibility that articulates your financial position in accordance with Generally Accepted Accounting Principles (GAAP). This kind of review constitutes less work than an actual audit because there is less assurance provided, and the workload consists primarily of enquiry and analysis.
Auditing of financial statements is, of course, a more complex procedure. KBFP employs a risk-based audit approach, one that focuses on the areas that contain the highest level of risk of material misstatement. This methodology allows us to audit in a manner that is cost-effective and efficient. We take the necessary time to get to know your business intimately, both internally and externally. And we maintain the highest level of professionalism in all we do - our audit process preserves integrity, objectivity, and independence, allowing us to ensure that financial statements are free from material misstatements.
KBFP can also help if your business requires a special report – a compilation that may have been requested by lenders, investors, business partners, or other parties. These kinds of special reports may be required for regulatory purposes, or to corroborate certain components of existing financial statements or performance reports. Once again, a licensed and accredited accounting firm, with a team of experts, is the way to go.
As for day-to-day bookkeeping and payroll, KBFP offers small businesses a full service package – allowing owners to focus on important daily operations. We manage and maintain the bookkeeping; assure accurate government remittances; administer accounts receivable and accounts payable; and oversee cash positions that reflect overall business performance. Thorough day-to-day record keeping is the foundation for making better business decisions, reducing “clean up” time and avoiding unnecessary errors. And if you can’t staff a bookkeeper, we can customize a solution that works for you – in fact, we can accommodate you whether you need an on-site bookkeeper, a part time CFO, or a short term Controller.