Construction CPA Review for Bonding Capacity

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What is a cpa review?

A Certified Public Accountant (CPA) review checks your financial statements for errors to make sure they are accurate. An audit checks financial statements for accuracy, while a review is less detailed but still provides some assurance of accuracy. This means that the CPA doesn’t verify every single detail. u003cbru003eu003cbru003eThe CPA applies analytical procedures and inquiries to ensure the financial statements make sense and are consistent. The Report builds creditability, ensures compliance, helps in decision making, and prepares for potential investors.u003cbru003eu003cbru003e

DOWNLOAD a REVIEW report

View a sample Construction Review report to understand the depth and benefits of the review service. This will help you see firsthand how a detailed review can support your business’s financial health and compliance.

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How it works

Three CPA Review Steps

u003cstrongu003ePre-Review: u003c/strongu003eu003cbru003eu003cstrongu003eFoundation Firstu003c/strongu003e

In this foundational phase, we lay the groundwork for a successful review. Together, we’ll sign a mutual engagement letter, ensuring both parties are aligned.

u003cstrongu003eCPA Review Process: u003c/strongu003eu003cbru003eu003cstrongu003eBlueprints to Buildingu003c/strongu003e

Our review process involves detailed inquiries and analytical procedures. Emphasis may be placed on the ‘Percentage of Completion Method’.

u003cstrongu003eCPA u0026 Bonding Report: u003c/strongu003eu003cbru003eu003cstrongu003eCornerstone Completionu003c/strongu003e

Our report is designed to show progress using the ‘Percentage of Completion Method.’ It gives bonding companies the assurance they need.u003cbru003e

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Percentage of completion

Benefits Beyond Bonding

The percentage of completion method is expected from the bonding company. This method is appropriate for accuracy and reliability in financial reporting. It aids bonding companies in assessing a company’s financial health and project potential. This, in turn, simplifies the bonding process. u003ca href=u0022https://tafesolution.com/percentage-of-completion-method/u0022 target=u0022_blanku0022 rel=u0022noreferrer noopeneru0022u003eLearn More about percentage of completion method…u003c/au003e

u003cstrongu003eImprove Cash Managementu003c/strongu003e

More financial accuracy throughout the project, companies can manage their cash flow more effectively.

u003cstrongu003eEnhance Decision-Makingu003c/strongu003e

Real-time financial insights allow for adjusting project scopes to reallocating resources.

ABOUT US

Meet The Lead Accountant

u0022Hello,u003cstrongu003e I’m Trumaine Easy, a dedicated CPAu003c/strongu003e. A passion for empowering construction companies through financial reporting. I have hands-on experience in the construction accounting.u003cbru003eu003cbru003eI have been lucky to work closely with project managers on projects worth millions of dollars over many years. This experience improved my skills in financial reporting and project management. It helped me communicate better between accountants and construction professionals.u003cbru003eu003cbru003eWith my experience, my goal is not only meeting compliance requirement but also to financially secure businesses for success.u003cbru003eu003cbru003eLet’s build a solid financial foundation for your construction company togetheru003cemu003e.u003c/emu003eu0022

Miami Construction CPA smiling at work

Frequently Asked Questions

Do you provide services to all states?

We serve businesses in all states with the exception of AK, CA, CT, HI, KS, NE, NY, TN and WA.

How do you ensure the secure and confidentiality of financial records from clients?

We take the security and confidentiality of our clients’ financial information very seriously. We use the best practices to protect sensitive data and we adhere to strict confidentiality policies and procedures.

How long does the Review process take?

The timeline for completing a project depends on the size of the company. We strive to provide efficient and timely services, and we work closely with our clients to ensure that deadlines are met.

What is u0022percentage of completionu0022 in bonding requirement?

The percentage of completion method is a way to account for long-term projects. It recognizes revenue and expenses based on how much of the project is finished during a specific period.

What is Surety Bond?

A surety bond is a financial guarantee that contractual obligations will be met. It is a three-party agreement between the principal (you), the surety (bonds company) and the obligee (the entity requiring the bond). Click here for more information.

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