accounting, cpa

Accounting & Auditing

LVBW offers a wide range of services to our individual and business clients. Our clients benefit by getting personalized, quality service that is beyond comparison.LVBW provides a full range of cost effective accounting services. Presenting timely and accurate financial information is a cornerstone of our practice. 

Audits, Reviews, and Compilations

In accordance with professional standards, LVBW will assist clients in the preparation of their financial statements. The financial statements produced can be a useful management tool for making financial decisions. LVBW provides financial reporting on three levels of assurance: 

  • Audit - an examination, on a test basis, in accordance with generally accepted auditing standards, providing reasonable assurance on the financial statements
  • Review – inquiries and analytical procedures are conducted, providing limited assurance on the financial statements
  • Compilation – based upon client-provided information, no assurance is given to financial statements.

Employee Benefit Plan Audits 

Generally, employee benefit plans with 100 or more participants as defined by ERISA are required to have audited financial statements. LVBW has significant experience in auditing 401(K) plans, other defined contribution plans and defined benefit plans. 

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Agreed-Upon Procedures 

Your company may have assurance needs that do not require a complete audit of the financial statements. The need may be related to a lender or other third party request, the acquisition or sale of a business, or a desire by management to determine if its control environment is functioning properly. In these instances, an agreed-upon procedures engagement may be appropriate for your needs. Prior to the commencement of any work, we agree with you on the procedures to be performed and we maintain constant contact with you throughout the engagement to make sure that your objectives are met.

Bookkeeping

As a business owner, you have more important things to do than to keep your own books. We take care of your books for you, so you can get back to the job of running your business and generating profits. 

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Fraud Prevention and Detection 

We use accounting and auditing skills to perform an analysis of financial records in conjunction with fraud and theft investigation. Our methods can help determine the extent of financial loss and illegal accounting practices. We can also recommend improvements in the accounting system which will help mitigate the potential for fraud in the future. 

Cash Flow and Budgeting Analysis

Although a business is profitable, it can still run into trouble due to fluctuations in cash flow. To prevent this instability, LVBW assists clients in forecasting and evaluating financial condition, estimating cash requirements, and tracking cashflow sources and uses on a monthly, quarterly or annual basis. 

Financial Forecasts and Projections

Forecasting is a necessity when trying to effectively manage and lead a business to its financial goals.  From projections to complex financial modeling, our experienced staff can assist you in achieving your company’s objectives.