SERVICES

Audits & Assurance

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Comprehensive Auditing & Assurance Services

At LPS, our comprehensive auditing and assurance services are tailored to meet the needs of both large and small businesses across various industries. Our team’s meticulous approach ensures accuracy and reliability in every engagement we undertake. Whether you’re in construction, real estate, or manufacturing, our goal is to deliver financial insights that empower informed decision-making.

Participating in the AICPA Peer Review Program

LPS takes pride in its participation in the AICPA Peer Review Program, which reinforces our commitment to excellence and adherence to the highest professional standards. This program facilitates the provision of top-notch auditing and assurance services to our clients — no matter the size. With our role in the AICPA Peer Review program, our dedication to continuous improvement means you can trust us to handle complex auditing tasks with integrity and precision.

Tailored Financial Statement Services

We understand that different clients — whether you’re in investing or management — have varying financial statement requirements. LPS offers a full range of financial statement services, including audited, reviewed, and compiled statements. LPS’ expert team collaborates closely with you to deliver statements that meet your management, investor, or financing needs.

Guidance in Implementing New Accounting Standards

The landscape of accounting standards is perpetually evolving, and LPS is here to assist you with these changes. Our team offers expert guidance for the seamless implementation of new accounting standards into your business operations. We ensure you understand the implications of these changes, safeguarding your compliance and financial sustainability.

Accurate preparation of financial statements and related disclosures is crucial in today’s business environment. At LPS, we meticulously prepare these documents to reflect your financial health transparently. Our detailed disclosures provide stakeholders with the clarity needed to evaluate and understand your financial standing comprehensively.

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Expertise in Financial Accuracy and Transparency

  • Industry-Specific Insights: LPS’ specialists possess deep industry knowledge, enabling us to provide insights tailored to your specific business context, whether it be construction, real estate, or manufacturing.
  • Continuous Professional Development: As legislation progresses, our professionals at LPS remain up-to-date with the latest industry standards and best practices.

Frequently Asked Questions

Why is an AICPA Peer Review important?

AICPA Peer Review — a program in which LPS is enrolled in — ensures that our audits meet high-quality standards, enhancing the reliability of financial information provided to stakeholders.

What is the difference between audited, reviewed, and compiled financial statements?

Audited statements provide the highest assurance with thorough verification. Reviewed statements offer limited assurance, while compiled statements have no assurance.

How does your firm help with new accounting standards?

We assist in evaluating and implementing new standards, ensuring your financial reporting is compliant and up-to-date.

What industries do your auditing services cover?

We serve a diverse range of industries, including construction, real estate, and manufacturing, tailoring our services to their unique needs.

Can you prepare financial statements for loan applications?

Yes, we prepare detailed financial statements to meet lender requirements, aiding in gaining financing.