Assurance

Relationships are the foundation of our service approach. At Lohman Company we understand each organization is unique, with their own specific needs and challenges. Our professionals invest the time to learn your business and tailor our services to assist you in meeting your current and future goals. When assurance services are performed thoroughly and accurately, they yield a wealth of information about a business and provide confidence in your financial statements to third parties, bankers, insurers, investors or buyers.

 

Whether your organization needs audit services, a review or compilation, our professionals have the skills and expertise to provide the solution.

Determining the Level of Assurance Service You Need
The American Institute of Certified Public Accountants (AICPA) has standards that allow CPAs to offer three levels of assurance on financial statements, audits, reviews, and compilations. Your Lohman Company assurance expert will help you determine which level of service best meets your needs.

• Audit: With this level of service, our team will provide assurance that the financial statements are free of material misstatements.
• Review: Our team will conduct in-depth discussions with your organization’s management and provide an analysis of your financial results, with limited assurance.
• Compilation: Our team will compile your financial statements into the proper format, in accordance with Generally Accepted Accounting Principles (GAAP), without providing assurance on management’s information.

In addition, we offer preparation of financial statements under our Assurance department. Preparation of financial statement services provide no assurance.

For additional information, download our Assurance Services Fact Sheet.