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Audits - Reviews - Compilations

Expert Audits, Reviews, and Compilations in Jacksonville

business auditing services in JacksonvilleAt the firm of James and Harris CPAs, PA, we help construction companies with their accounting needs so they can win more bids and grow their market share. Our team provides reliable and accurate audits, reviews, and compilations that you can use to verify your company's economic standing with bond companies and financial institutions. When you work with us, you have full access to our extensive experience and knowledge so you can successfully navigate both fiscal opportunities and challenges with ease.

Companies like yours build our communities and are a key factor in their ongoing growth and prosperity. Our goal is to lay foundations that you can create upon and pathways that you can follow for years of growth and expansion. We're the team you can trust to be there when you need us. If you're looking to bid on a new project or want to secure a loan from a bank, our Jacksonville audit, review, and compilation services are designed to aid you in achieving your goals. Contact our office today to see how we can support you.

Call Us: (904) 389-2725 Book a Consultation

Why Would I Need an Audit, Review, or Compilation?

When looking to secure a new bid or continue working on a contracted project, you will most likely require a surety bond. These bonds give the financier a guarantee that your work or obligations will be completed as intended. To obtain the surety bonds you need, many institutions, government agencies, and individuals want assurances from a Certified Public Accountant that you're financially able to complete the requested work. Some of the bonds you may require include:

  • Bid bond
  • Performance bond
  • Payment bond
  • Combination of various bonds

Our team often combines our services, such as accounting and bonding, to ensure you're in the best position possible to win the jobs you want and successfully grow your business. The financial statements we prepare for you are meticulously checked and always contain all the relevant data. You can trust us to be the partner you can continually rely on throughout the year.

Accurate Financial Statements

Different entities require differing levels of assurance when issuing a surety bond or awarding a contract. We help you determine which financial statement is suitable for your situation and then reliably compile all your required information. Our team can help you with the following:

Audit

An audit is the highest level of assurance you can receive from us. We thoroughly examine all your financial statements to ensure they are accurate and present a comprehensive look at the current state of your company. If you are looking to increase the value of your contracts or win government and large nonprofit bids, you will likely need an audit in Jacksonville to secure the surety bonds those entities will require. Some of the examples of larger projects include roads, bridges, and other infrastructure jobs.

If you're bidding for a project with a small business, nonprofit with simple funding, or medium-sized organization, they may only require a thorough review of your finances. Our team provides limited assurance that states your financial statements align with Generally Accepted Accounting Principles (GAAP) and require no modification. Examples of projects that generally require a review include tree and sod placement.

As a simple snapshot of your financial statements, a compilation is good for midyear or quarterly reports and lesser surety bonds. We assure that your company is reporting its financials according to GAAP and disclosing any relevant information that will help you secure bonds and bids. In some cases, you may only need a compilation to maintain a contract you have already won.

What Information May Be Needed to Secure a Surety Bond?

Whether we're performing an audit, review, or compilation for your Jacksonville company, we will carefully gather and present the necessary financial data. Each bonding company will request different levels of information and transparency. Our team partners with you to present the required data and help you win more contracts. Some of the data requested may include:

  • A complete overview of your financial health and assets
  • Earnings from previous contracts and contracts currently in progress
  • A breakdown of revenue and costs of complete projects
  • A list of the contracts you currently have in progress
  • Information about incomplete contracts
  • Proof of insurance
  • Personal financial records
  • Tax records

Trusted Jacksonville Audits, Reviews, and Compilations for Construction Bonding

auditing for construction bonding in JacksonvilleAt the firm of James and Harris CPAs, PA, our team succeeds when you succeed. We use our construction industry knowledge to help you win bids, maintain your finances, and chart a course to greater expansion. Our Jacksonville CPA and team are committed to offering you modern accounting solutions so you can save time, money, and resources.

If you require an audit, review, or compilation in Jacksonville, let us give you the assurance you need to grow your business. Contact our office today to schedule your consultation.

Call Us: (904) 389-2725 Book a Consultation

Understanding each report's unique strengths and weaknesses can help you choose the most appropriate one. Please call if you have questions about which type of report is right for you or complete the form below for a Free Consultation.

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