Financial Statement Reviews, Compilations & Audit Readiness in Suffolk County

Get local CPA financial audit services in Suffolk County—including financial statement reviews, compilations, and audit-readiness support—for organizations across Port Jefferson Station, St. James, Smithtown, Setauket, and greater Long Island. We help lenders, donors, and boards trust your numbers, while keeping the process practical and predictable.

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Understand the Right Level of Assurance

Not every situation requires a full audit. We’ll help you choose the right engagement for your goal—bank financing, grant compliance, board reporting, or due diligence—and explain the trade-offs in clarity, time, and cost. Our team delivers reviews and compilations, and prepares you for a smooth external audit when one is required.

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Compilation vs. Review vs. Audit—What’s the Difference?

Here’s how each level of service fits common needs on Long Island:

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Compilation (no assurance):

We assemble financial statements from your records in GAAP or tax basis—ideal for internal use or early-stage lender requests.

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Review (limited assurance):

Through inquiries and analytics, we provide limited assurance that the statements are free of material misstatement—often sufficient for banks and grantors.

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Audit (reasonable assurance):

Independent testing and verification. If you need a full audit, we provide audit-readiness and coordinate with an external audit firm to streamline PBC lists, schedules, and support.

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Deliverables:

Financial statements (and notes, if applicable), CPA report, variance analyses, and a concise management communication of key observations.

Our Review & Compilation Process—Clear, Efficient, Predictable

We start with a short scoping call to confirm purpose, reporting framework (GAAP, tax, or OCBOA), and timelines. Next, we request only what’s needed—trial balance, bank recs, significant contracts—and perform analytics and inquiries to produce lender- or donor-ready statements.



You’ll receive draft statements to review, plain-English explanations of key variances, and final deliverables packaged for submission. For audit situations, we prepare tie-outs and schedules aligned to your auditor’s PBC list to reduce back-and-forth.

When You Might Need Assurance Services

  • Bank & SBA financing: Lenders may request a review or compilation; we’ll confirm the requirement and tailor the engagement.
  • Nonprofit thresholds & grants: Certain revenues or grantors trigger a review or audit—our team supports your 990 narrative and funder expectations.
  • Buy-side/sell-side diligence: Credible financials help buyers, sellers, and advisors make decisions with confidence.
  • Growth & governance: Boards and owners on Long Island rely on periodic reviews to monitor performance and risks.

Local Experience You Can Count On

For more than 25 years, we’ve supported Suffolk County businesses and nonprofits with practical assurance services. When your books also need routine help, we can connect the dots—Bookkeeping Services for monthly close, Business Advisory & Planning for budgeting and KPIs, and Part-Time CFO & Cash Flow Management for forward-looking insight. Serving Port Jefferson Station, St. James, Smithtown, Mount Sinai, Nesconset, and nearby communities.