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Audit Services


Heritage Accounting & Tax Services offers audit and assurance services. As a trusted , Accountant with a reputation for integrity, you can be sure that we’ll conduct a fair and objective examination of your finances. We’ll perform a methodical review of financial statements, analyze internal controls and test selected transactions in order to deliver a detailed report documenting our findings.

Audits, Reviews and Compilations

Audit Services

Audit services provide the highest degree of credibility and assurance regarding the financial status of a business. This process yields individually tailored, cost-effective reports clients use to make business decisions, to obtain capital and to satisfy contractual and regulatory requirements. Additionally, we provide meaningful recommendations for improvement of operations and strengthening internal controls.

Services include:

  • Preparing financial statements and applicable footnotes.
  • Issuance of management letter recommendations.
  • Ensuring that the amounts presented in the financial statements are presented fairly, are adequately disclosed and are consistent with U. S. generally accepted accounting principles.
  • Preparing specialized financial statements and reports as required compliance with regulatory or contractual requirements.

Our internal auditing services include:

  • Management Audits
  • Financial Audits
  • Systems Audits
  • Efficiency Audits
  • Cost Controls
  • Set up a design of internal controls, policies and procedures

We are an experienced and trustworthy CPA firm.

We also specialize in servicing the tri-county area Home Owner's Associations and Condominiums with audits reviews and compilations.

Call us today at 954-797-5060 and ask for Cristina Rodriguez to discuss your audit and assurance needs or request a free consultation online.

Which Report Should You Use?

Audit - Highest Level of Assurance

An audit provides the highest level of assurance. An audit is a methodical review and objective examination of the financial statements, including the verification of specific accounting documents and information as determined by the auditor or as established by AICPA professional standards.

Our work includes:

  • Review of internal controls
  • Testing of selected transactions
  • Communication with third parties.

Based on our findings, we issue a report on whether the financial statements are fairly stated and free of material misstatements.

An Audit allows you to:

  • Satisfy stakeholders such as employees, customers, suppliers and pressure groups, as well as the investing community, as to the credibility of published information
  • Comply with banking covenants
  • Help deter and detect material fraud and errors.
  • Facilitate the purchase and sale of businesses.

As part of the procedures we'll typically have written communication with:

  • Your customers, to check outstanding receivable balances
  • Your banks, to confirm cash or debt balances and terms
  • Your vendors, to verify outstanding payable balances
  • Your attorneys, for information on pending or threatened legal action.

You get the highest level of assurance because we go outside your company to obtain and verify information. We also perform physical inspections by observing your inventory counting methods and perform test counts. We document and test each operating cycle, including sales and cash receipts, expenses and cash disbursements, and payroll. Our audit papers include a detailed work program to document the examinations and testing performed, as well as the client's supporting work papers.

Review - Limited Assurance

Less extensive than an audit, but more involved than a compilation, a review engagement consists primarily of analytical procedures we apply to the financial statements, and various inquiries we make of your company's management team. If the financial statements or supporting information appear inconsistent or otherwise questionable, we may need to perform additional procedures.

A review doesn't require us to study and evaluate your company's internal controls or verify data with third parties or physically inspect assets. Rather, a review report expresses limited assurance in the form of the statement: "We are not aware of any material modifications" for the financial statements to be in conformity with the Generally Accepted Accounting Principles (GAAP). Reviewed financial statements must include all required footnotes and other disclosures.

Compilation - Lowest Level of Assurance

In compiling financial statements for a client, we present information that is the "representation of management" and expresses no opinion or assurance on the statements. Compilations don't require inquiries of management or analytical procedures. Instead, we rely on our knowledge of accounting principles and a general understanding of your business. Banks often require compilations from an independent CPA as part of their lending covenants.