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Accounting
and Assurance Services
When you hire a
Mervin Winston, Ltd. accountant, you get more than just a
bookkeeper. You get an experienced and knowledgeable professional
who understands numbers, accounting rules and the business and
government regulations surrounding them. Whether your business needs
assistance on a large-scale project or help installing,
understanding and using a basic accounting system,
we can assist you. You can depend on us for all
of your audit, review, compilation, and tax preparation needs.
Audit
An audit provides the highest level of assurance. Some of the
procedures involved are; verification of the client’s internal
system controls, thorough testing of material accounts, verifying
data through third parties and compliance with generally accepted
accounting principles (GAAP).
At Mervin Winston,
Ltd. we consider the Audit not only assurance for the stakeholders
or entity requiring the audit but also for the client. Our
experienced auditors provide the client with the results of the
findings through exit conferences. This information is a strategic tool for the client to
understand areas of improvement or prevent possible fraudulent
activity.
Review
A review provides a limited level of assurance. A review is less
extensive than an audit but more involved than a compilation.
Mervin Winston, Ltd. analyzes the financial statements and makes
inquiries of the management team. If there are questionable
findings we may need to perform additional procedures, and as with an
audit, we will discuss our findings with the management team in an
exit conference.
Compilation
A compilation provides the lowest level of assurance.
Compilations do not require inquiries of management or analytical procedures. The
compiling of financial statements for a client is based on the
information provided by the client. Therefore CPA’s express no
assurance on the statements. Our experts review the information
using their knowledge of accounting principles along with the
general understanding of your business. We help identify and
correct possible misstatements that we see. As with our audits
and reviews our findings will be discussed with the management team
in an exit conference.
Tax Planning and Preparation
Effective tax planning helps you minimize taxes and avoid potential
pitfalls. Also, there are many different types of transactions that
can affect your taxes. We can assist you in fulfilling state and
federal tax requirements through annual tax return preparation,
monthly or quarterly sales tax returns and more. |