Auditing & Accounting
For organizations that must demonstrate financial accountability to boards, members, grantors, lenders, or regulators, the integrity of your financial statements is not simply a matter of compliance-it is a foundation of trust.
For organizations that must demonstrate financial accountability to boards, members, grantors, lenders, or regulators, the integrity of your financial statements is not simply a matter of compliance-it is a foundation of trust. At Harrod & Associates, P.S.C., we provide a full range of assurance services including audit, review, and compilation services, delivered with the professionalism and care your organization deserves.
Assurance Services Tailored to Your Obligations
Audits
An audit is the most comprehensive level of financial statement service we offer, providing the highest degree of assurance to external parties. Our audit process involves a thorough examination of your financial records, internal controls, and accounting policies. We assess risk, gain an understanding of your operation and internal controls, perform substantive testing of transactions and balances, and evaluate whether your financial statements are presented fairly, in all material respects, in accordance with the applicable accounting framework.
- Thorough examination of financial records
- Internal control & accounting policy evaluation
- Substantive testing of transactions and balances
- Fair presentation under the applicable framework
- Rigorous independence & professional skepticism
Reviews
For organizations that need a level of assurance beyond a simple compilation but whose circumstances do not require a full audit, a review engagement may be the right solution. In a review, our team performs analytical procedures and inquiry procedures to provide limited assurance that no material modifications are needed to the financial statements. Reviews are commonly required by lenders, investors, bonding companies or organizational bylaws and represent an efficient, cost-effective way to meet those obligations.
- Analytical & inquiry procedures
- Limited assurance engagement
- Commonly required by lenders & investors
- Satisfies bylaw & agreement obligations
- Efficient, cost-effective compliance
Compilations
A compilation is a professional service in which our team assists management in presenting financial information in the form of financial statements. While a compilation does not provide assurance on the accuracy of the information, it does ensure that the statements are presented in an acceptable format and in accordance with the applicable financial reporting framework. Compilations are often appropriate for internal management use and tax planning purposes.
- Financial statement presentation assistance
- Acceptable format per reporting framework
- No assurance on underlying accuracy
- Ideal for internal management use
- Supports tax planning purposes
Accounting Services
Beyond assurance engagements, we provide a range of accounting support services for businesses and organizations that need periodic assistance with their financial records, chart of accounts, account reconciliation, financial statement preparation, or accounting policy development. Our accounting professionals work closely with your team to ensure that your books are accurate, your policies are sound, and your financial reporting supports informed decision-making.
- Chart of accounts & record maintenance
- Account reconciliation
- Periodic financial statement preparation
- Accounting policy development
- Reporting that supports informed decisions
Determining the Right Service
Not every organization is certain which level of service is required. Our team is experienced in helping clients assess their specific obligations-whether arising from organizational bylaws, regulatory requirements, lending agreements, or grant conditions-and determining the most appropriate and cost-effective solution. We take the time to understand your organization's structure, its stakeholder relationships, and its reporting environment before recommending a course of action.
An Investment in Transparency & Credibility
At Harrod & Associates, P.S.C., we recognize that audit and accounting services are more than a regulatory requirement-they are an investment in the transparency and credibility of your organization. We are committed to delivering these services with the highest professional standards, clear communication, and a genuine understanding of the unique challenges and opportunities your organization faces.