WHO USES FINANCIAL STATEMENTS?
• Company management to make important business decisions.
• Prospective investors.
• Financial institutions to assess the viability of investing in a business or making a personal loan.
• Government entities.
• Vendors for extending credit.
Felicia J. Murciano, P.A., prepares financial statements for business and individual clients that meet generally accepted accounting principle reporting obligations, as well as provide information about their financial position, performance and changes in financial conditions that are useful in making decisions.
We provide auditing services to small businesses and corporations by examining financial information while seeking to provide a reasonable assurance that the statements are accurate and complete. The objective of an audit is the expression of an opinion about whether the financial statements are fairly presented in all material respects in conformity with U.S. generally accepted accounting principles.
We provide review and compilation services for small businesses and corporations. A review only provides limited assurance that there are no material modifications that should be made to the financial statements in order for the statements to be in conformity with generally accepted accounting principles.
A compilation is limited to presenting in the form of financial statements information that is the representation of management. There is no expression of an opinion or any other form of assurance on the financial statements.