Accounting & Audit Solutions

As a result, we always consider all aspects of your company's financial reporting obligations.  We ask questions, challenge assumptions, and find solutions for our clients.

L.L. Bradford & Company Accounting and Attestation Services include:

• Audits of financial statements, including those intended for filing with the U.S. Securities and Exchange Commission (SEC)*
• Reviews and compilations of financial statements
• Fraud investigations
• Internal audit and regulatory agreed-upon procedures (for gaming clients)
• Internal controls design and review
• Governmental Yellow Book and OMB Circular A-133 financial and compliance audits under the Single Audit Act
• Employment Retirement Income Security Act (ERISA) audits (of employee benefit plans)
• Examination and compilation of prospective financial statements
• Bookkeeping services
• Bankruptcy accounting

Audits of Financial Statements

The highest level of service offered with respect to financial statements is the audit service.

Our financial statement audits are planned and conducted in accordance with generally accepted auditing standards principally to obtain reasonable assurance to enable us to express our professional opinion that the financial statements (which are always management's responsibility) are free of material misstatement and that they are presented fairly in accordance with generally accepted accounting principles (or other basis of accounting used).

The scope of our audits are determined using a sophisticated, risk-based process, unique to our firm, that involves the gathering of substantial information about each client's business, the economic environment in which it operates, the characteristics of management, its internal control, and other significant factors that likely contribute to (or mitigate) the risk of material misstatements in one area or another.

Using this client-customized, risk-based approach, we are able to assure that our audits effectively achieve their objectives in the most efficient way possible in the circumstances.

Financial Reviews

A financial statement review conducted in accordance with standards established by the AICPA consists principally of inquiries of management and others and applying selected analytical procedures to financial data to see if they "make sense."

It is performed for the purpose of enabling us to express limited (negative) assurance (that is less than an opinion on fair presentation) that, based on the procedures performed, we did not become aware of any material modifications that should be made to management's financial statements for them to be in conformity with generally accepted accounting principles (or other basis).

A review is substantially less extensive in scope than an audit performed in accordance with generally accepted auditing standards and, therefore, less costly.

Compilations

The lowest (and least expensive) level of service we offer with respect to financial statements is the compilation.

Compilations are also conducted in accordance with AICPA standards and are limited to arranging and presenting in the form of financial statements information that is the representation of management.

Accordingly, we do not express an opinion or any other form of assurance on them.