phoneFairfield 203.333.2228 phoneNew Haven 203.787.6527

Assurance Services

In today’s complex, challenging and dynamic economic environment there is an increased need for reliable and accurate financial information and reporting. It is necessary for both company owners to assist in critical business decisions and for third parties when making investment and lending decisions.

Whether you are trying to obtain or retain financing from banks or investors or deciding whether to commit to a business expansion; or looking for credible financial information to ascertain the risks involved in doing business with customers and suppliers, it is essential that financial reporting be consistent from year to year while representing accurate and reliable financial information regarding performance of the company.

There are three primary distinct levels of service that CPA’s provide involving financial statements. Each is designed to meet a different need.

A compilation is useful to small privately held entities. It provides assistance to management in presenting information in the form of financial statements on a monthly, quarterly or annual basis.

A private entity engages a CPA to perform a review of its financial statements and issue a report that provides limited assurance that material changes to the financial statements are not necessary. A review may be adequate for entities that must report their financial position to third parties, such as creditors or regulators. With respect to reliability and assurance, a review falls between a compilation, which provides no assurance and the more extensive assurance of an audit.

An audit is the third and most extensive service. An audit is appropriate for entities that must offer a higher level of assurance to third parties. An audit provides reasonable assurance to outside parties that the entity’s financial statements fairly present its financial position and results of operations in accordance with certain accounting principles.

BHCB also offers attestation services such as:

  • Agreed-upon procedure engagements
  • Reporting on financial forecasts and projections
  • Reporting on pro forma financial information
  • Compliance attestation

BHCB will work with you to determine which service is appropriate for your company. Our professionals have diversified skills and expertise. We have a broad variety of experience in a number of industries to give our clients the insight they need to accomplish their business goals.

Dear Clients, Business Associates and Friends,

As the coronavirus (COVID-19) continues to affect local communities and global economies, you may have concerns about your financial well-being as well as your business and employees. Or you may be wondering about how recently passed legislation impacts you and your enterprise.

BHCB is still at work, continuing to service the needs of our clients.

Whether you have tax or financial planning questions or need advice on ways to navigate the expanded benefits, we are here for you. If you have any questions or concerns, please do not hesitate to contact us at our respective offices. New Haven – 203-787-6527, Fairfield – 203-333-2228.

During this unpredictable and challenging time, it’s more important than ever to stay connected. We are in this together and our thoughts go out to all who have been impacted by this unprecedented situation.

Rest assured; we are here to help with your questions.

We have also assembled a list of resources to help individuals and businesses through this period.