ACCOUNTING AND AUDITING SERVICES >>

We have dedicated staff who can provide a full range of accounting services including Audits, Reviews and Compilations of financial statements as well as internal control analyses, preparation of forecasts and projections, establishment of accounting systems and operational and compliance audits. 

q Compilations, Review, and Audited Financial Statements See more >>

q Internal Control Reviews See more >>

q Accounting and Bookkeeping Services See more >>

q Budgets, Forecasts and Projections See more >>

q Retirement Plan Design, Audits, Administration

and Consulting See more >>

q Compilations, Review, and Audited Financial Statements:

Patrick Rhodes & Associates, PLLC has extensive experience in the preparation of audited, reviewed and compiled financial statements in accordance with the professional standards in a variety of industries.  We are consistent and diligent in seeking out tax planning opportunities in the performance of such duties.  In assisting you in the preparation of your financial statements we may also find improvements to maximize your company's profitability and efficiency.  The three levels of reporting on financial statements are:

Audit –

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 information as determined by the auditor or as established by general practice. Our work includes a review of internal controls, testing of selected transactions and communication with third parties. Based on our findings, we will issue a report as to whether the financial statements are fairly stated and free of material misstatements.

Review –

A review consists of performing inquiry and analytical procedures that provide us with a reasonable basis for expressing limited assurance that there are no material modifications that should be made to the financial statements in order for them to be in conformity with generally accepted accounting principles.

Compilation –

A compilation provides the lowest level of assurance. It is, presenting in the form of financial statements, information that is the representation of management without attempting to express any assurance on the statements.

q Internal Control Reviews:

We use our skills and experience to review and evaluate a company’s current accounting and operating practices to identify weaknesses in current practices and make suggestions for improvements.  Such a project can be oriented to increase operational efficiency or towards improving controls to prevent or mitigate any potential fraud.  We can also limit our analysis to assist you in investigating a suspected fraud in the financial accounting process.

q Accounting and Bookkeeping Services:

We provide accounting services at various levels: from training and implementation of your own in-house accounting systems to outsourcing your bookkeeping, accounting, and financial reporting functions.   We also provide bookkeeping and payroll services for those clients who choose not to have an in-house bookkeeper. This may include general ledger activity, maintaining depreciation schedules, preparing payroll, W-2s, or calculating monthly and quarterly payroll and sales tax returns.

q Budgets, Forecasts and Projections:

We can assist you in preparing forecasts and projections to enable you to more effectively manage a business and increase profits.

q Retirement Plan Design, Audits, Administration and Consulting:

We can assist you in evaluating the type of pension plan that will best serve the retirement needs of you and your employees. We can also help you with the implementation of a plan and meeting the required administration and recordkeeping for these types of plans.