Financial Statement Services
Accurate, well-presented financial statements are essential for decision-making, transparency, and stakeholder confidence. MB&A provides professional financial statement services, including audits, reviews, and compilations, for businesses and nonprofit organizations across the Northeast.
Reliable, Partner-Led Assurance
MB&A brings decades of audit and assurance experience, led directly by our partners.
You can expect clear communication, a smooth process, and reporting that stands up to scrutiny.
Our Financial Statement Services
Financial Statement Audit Services
Our financial statement audit services offer the highest level of assurance. We independently verify financial information, assess internal controls, and provide a clear, objective opinion on your financial statements.
Audits are often required by:
- Lenders and bonding companies
- Investors and stakeholders
- Regulatory agencies
- Certain nonprofit funders and grantors
Audits are ideal for organizations seeking credibility, transparency, and confidence in their financial reporting.
Financial Statement Reviews
A review of your financial statements provides a moderate level of assurance through analytical procedures and inquiry. It is often used by businesses that need reliable financial statements for lenders or internal leadership – without the scope of a full audit.
A review engagement is:
- Faster and more cost-effective than an audit
- Suitable for privately held businesses
- Ideal for loan applications or lender reporting
- Delivered with clear, easy-to-understand findings
Financial Statement Compilations
A financial statement compilation does not provide assurance, but it presents your financial information in a professional format with a formal CPA compilation report. It is useful when stakeholders need organized, accurate financial statements without requiring verification procedures.
Compilations are well-suited for:
- Owner-managed businesses
- Organizations preparing for future assurance engagements
- Lenders who accept compiled financials
- Entities needing credible, CPA-prepared statements
Let Us Make Your Life Easier
Whether you’re securing financing, reporting to a board, supporting grant applications, or planning for the future, you need a CPA firm that delivers accuracy, transparency, and thoughtful guidance.
Who We Work With
Mamacos, Bysiewicz & Associates provides financial statement services to a wide range of clients across New England, including:
- Privately held companies
- Nonprofit organizations
- Construction and real estate firms
- Manufacturing and distribution companies
- Professional services organizations
- Technology and SaaS companies
- Multination entities with local component audits
Our Financial Statement Process
We follow a clear, efficient process – designed around your operations:
01. Planning & Scoping
We take time to understand your organization, risk areas, and reporting needs.
02. Fieldwork & Testing
Our team conducts procedures with minimal disruption to your daily operations.
03. Analysis & Partner Review
Every engagement receives hands-on oversight to ensure accuracy and quality.
04. Financial Statement Delivery
You receive clear, compliant financial statements that meet all requirements.
05. Post-Engagement Support
We offer guidance to improve controls, processes, and reporting going forward.
Inquire About Our Financial Statement Services Today
Let us know how we can make your life easier.
Frequently Asked Questions
What level of assurance do we need - audit or review?
It depends on your stakeholders. Banks, bonding companies, and certain nonprofit funders often require an audit for higher assurance. A financial statement review is appropriate when you need credible reporting but not full verification. We help clients choose the right level of assurance based on requirements and goals.
How long does an audit or review take?
Timeframes vary by organization size, but most engagements follow a clear schedule with planning, fieldwork, review, and reporting phases.
What documents will you need from us?
We’ll provide a detailed request list during planning, typically including bank statements, trial balances, financial schedules, and internal documentation.
Do nonprofits require audited financial statements?
Some grantors or state agencies require audits. We can guide you through these requirements and help ensure compliance.