Paul T. Lysan, CPA, CFA
Compilations, Reviews, & Certified Audits
Types of Services
We offer three distinct services involving financial statements, depending on the client. Each is designed to meet a different need.
Compilation
For small, privately held entities that need help in preparing their financial statements, a Compilation is used.
Review
For entities that must report their financial positions to third parties, such as creditors or regulatory agencies, a review may be adequate. Reviewed financial statements may also be useful to business owners who are not actively involved in managing their companies.
Audit
Entities that must offer a higher level of assurance to outside parties require an audit. An unqualified opinion from a CPA after an audit provides reasonable assurance to outside parties that the entity's financial statements fairly present its financial position and results of operation in accordance with certain accounting principles.
Our Services
We provide financial statement compilations, reviews, audits, and other attest services to a range of large and small businesses - both publicly owned and privately held - in a variety of industries.
Our Success
Our success in this area stems not only from the technical proficiency of our staff, but also from the utilization of the latest in accounting technology and our acute awareness of the operating environment and the accounting issues that affect the industries we serve.
Paul T. Lysan, CPA website tools provide business owners and individual clients with actionable information to help them understand how to minimize income taxes and comply with Internal Revenue Service and Massachusetts Department of Revenue rules and regulations.
This material is for informational purposes only and should not be construed as an offer or solicitation to sell or buy any securities, and is not intended to be used as the basis of an investment decision or as legal advice. Visitors should understand that no content published on the website constitutes a recommendation that any particular savings, investment, qualified retirement, 529 college savings, or employee benefit plan is suitable for any specific person. Each visitor is responsible for completing their own research and/or consultations with their own investment professionals and advisors before making any investment decisions.
This material is published for the assistance of clients, but is not to be relied upon as authoritative and is not to be substituted for the exercise of one's own judgment. Additional information or tax guidance from Paul Lysan, CPA is available upon request. Paul Lysan, CPA accepts no liability whatsoever for any direct or consequential losses arising from any use of this website. Information contained on this website may no longer be current.