Compilation and Review

Compilation involves preparing financial statements based on information provided by a company’s management, and will often involve some adjustment to the accounting records. Depending on client needs, we can provide compiled financial statements on a monthly, quarterly or annual basis. Sufficient for many small, private companies, a compilation provides no assurance that the financial statements are free of material misstatements or errors and may be presented in conformity with Generally Accepted Accounting Principles (GAAP) or Other Comprehensive Basis of Accounting (OCBOA).

Reviews are often needed for companies that must report their financial results to third parties such as creditors, regulatory agencies, or business owners who are not actively involved in the management of the company. During a review, we make inquiries concerning financial statement-related matters, interviewing company management and personnel as needed. We use analytical procedures designed to identify unusual items or trends in the financial statements that may require further analysis. A review provides limited assurance that material changes to the financial statements are not necessary.

Our strength in these areas are derived from practical hands-on experience. The principals of PSG have been involved in a variety of different businesses ranging from restaurant franchise ownership to HR outsourcing and consulting. This invaluable real life experience translates into unmatched value added for each and every one of our business clients.

Dino Vergolini

President, Texas West BBQ

I have been a client of PSG’s since 1987. I can’t remember a time that their team would not respond to any questions I had or concerns in a timely and professional manner. They are the most knowledgeable CPAs and financial advisors I know.

Robert Bob A. Rosenberg

Founder and President, CICM

PSG is a tremendous asset in tax planning and business evaluation. Their integrity, team strength, and balanced approach, combined with their experience with the Franchise Tax Board and business formations, have made them a valuable consultant and resource in building our companies.

Brian and Mary Ekiss

Massage Envy Regional Developer and Faces365 Franchisor

As owners of multiple businesses, our accounting needs are complex and challenging. The team at PSG has been a perfect fit for us, because they take a personal interest and approach that goes beyond numbers and considers our short and long term goals.

Drs. Alizadeh & Saleh

Owners

We consider them part of financial team and also consider them friends. Thank you PSG for your excellent and professional service.

Les Heinsen

Market Director, AFLAC

I have been a client of PSG for 10 years. From day one I have appreciated the broad knowledge, real life business acumen, expertise and professionalism of PSG. They have a style that is fun yet professional. They are and will continue to be a valued business partner.

Jim Sperlazza

President, Five-Star Auto Repair, Carwash

PSG has taken care of me and my business for six years. As an entrepreneur, I appreciate the skill, the knowledge and customer service provided. The staff is great and always keeps me well informed. In these difficult times, it is comforting to know where my business stands.