Accounting & Assurance

Income StatementAt Laydon and Company, LLC, our team has established a strong tradition and reputation for having the accounting and audit expertise to serve our clients’ unique business needs. We stay current as financial reporting and the regulatory landscape evolve, assuring that your business meets all compliance requirements and takes advantage of emerging opportunities. We provide accounting and assurance services for businesses of all sizes and in a variety of industries.

We view our role in accounting and assurance services engagements as an opportunity to provide your company with constructive solutions for maximizing profitability and efficiency.

Assurance Services

We offer several levels of assurance services to financial statements.

Audit of Financial Statements

An audit provides the highest level of assurance that the financial statements are free of material misstatement, and includes an intensive examination of the financial statements and supporting documentation, uses confirmation with external sources, and requires an understanding of the company’s accounting policies and procedures and internal controls.

Review of Financial Statements

A review provides limited assurance obtained through the use of analytical procedures and inquiries of management, and an assessment of the accounting principles used and the overall financial statement presentation.

Compilation of Financial Statements

A compilation provides no assurance on the financial statements and is based upon information provided by management.

Agreed-Upon Procedures

Our extensive accounting and attestation skills are utilized in applying procedures to subject matter specified by the user, usually a lender, investor, or prospective buyer or seller. Agreed-upon procedures engagements have various useful applications. Most commonly, these engagements provide the user with a better understanding of the composition or operational aspects of specific accounts, or the effectiveness of processes or procedures used in internal controls and financial reporting, or other matters. As a result of the engagement, a report is prepared on the results or findings of procedures applied, but no opinion is rendered.

Accounting Services

Providing financial information to our clients in a timely and accurate manner is a commitment that we feel cannot be compromised. Meaningful, well-organized financial records ensure that your business operations will run more efficiently on a daily basis. Our firm provides a full range of cost effective accounting services including the following:

Financial Statement Preparation

We can assist you in the preparation of your financial statements in accordance with professional standards, but express no opinion or any other form of assurance on the underlying information included in them. The financial statements produced can be a useful tool for management for making financial decisions.

Bookkeeping/Write-Up Services

Meaningful, well-organized financial records ensure that your business operations will run more efficiently on a daily basis and are the foundation of a successful business. Our qualified staff can assist you with the day-to-day tasks associated with bookkeeping.

Payroll Services

As a business grows, it must hire more employees, which can result in increased payroll administration. We can assist you in implementing the controls necessary to ensure a reliable, efficient, and effective in-house payroll system. Our firm can also help you develop a payroll system and prepare all necessary payroll tax returns in a timely manner. We can also assist you with contracting a third party payroll service provider and advise you as complex payroll compliance and reporting issues arise.