From Financial Statement Reviews to Agreed Upon Procedures
Does your organization need other assurance services? Rubino has the industry reputation and experience to handle anything.
The goal of a formal audit is to express an opinion about whether the financial statements of a company or entity are free from material misstatements, but there are times when a full audit is not necessary or appropriate for immediate needs. Related services are available for organizations that want to make sure their financial statements are correct but don’t need to go into the depth and scope of a formal audit.
We offer three important services:
Financial Statement Reviews
The objective of a financial statement review is to provide limited financial assurance services to a third party to ensure an entity’s financial statements are satisfactory. The CPA performs analytical procedures, carries out inquiries, and obtains limited assurance. The goal of a review is to provide a user with a level of comfort about their accuracy. Reviews are important tools as an entity grows and seeks more complex levels of funding and credit.
Agreed-upon procedures (AUP) reports lie somewhere between a formal audit and standard consultation services. They are typically used when a lender or other third party needs specific answers about a company or to determine how well an entity complies with specific regulatory requirements. AUP engagements are also important tools for targeting specific financial data such as accounts payable, accounts receivable, related-party transactions, or nonfinancial information such as a review of internal controls or data security procedures.
This is usually done when an entity needs smaller amounts of funding, but the amount of work required for a formal audit is not needed. The role of the CPA is to apply a rudimentary framework and make sure the statements are free of material misstatements to assist management in the presentation of financial statements.
Rubino is a trusted partner. We help clients achieve their goals and grow by being in sync with what they need and by providing the experience and expertise of a large firm with the service of a small firm. Learn more about our staff or find out more about us and what drives us to be a complete CPA firm.
For more than 40 years, Rubino has provided highly specialized public accounting, tax and financial planning, regulatory consulting, and related financial services.
Our mission is your mission. Everyone at Rubino, from senior management to our top-notch professionals, is invested in your success. Our passion for our customers and our process means we fight for your business.
We are a modern accounting and financial services firm dedicated to being in total sync with our clients by providing the services and expertise of a large firm along with the personalized service of a small organization.
We grow alongside our clients. Each industry is unique and our vast industry knowledge and inclusive team approach allow us to provide the expertise and services our clients need.
Your Full-Service Assurance Partner
Our expertise, experience, industry knowledge, and personalized attention put our clients in a position of strength.
With Rubino, there truly is strength in numbers. We are a nationally recognized leader in public accounting, financial services, tax advisory services, and regulatory consulting.
Accounting and Tax Outsourcing
Wealth Management Service
6903 Rockledge Drive, Suite 300
Bethesda, MD 20817