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.

The 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.

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

Pre-Review:
Foundation First

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.

CPA Review Process:
Blueprints to Building

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

CPA & Bonding Report:
Cornerstone Completion

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

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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. Learn More about percentage of completion method…

Improve Cash Management

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

Enhance Decision-Making

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

ABOUT US

Meet The Lead Accountant

“Hello, I’m Trumaine Easy, a dedicated CPA. A passion for empowering construction companies through financial reporting. I have hands-on experience in the construction accounting.

I 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.

With my experience, my goal is not only meeting compliance requirement but also to financially secure businesses for success.

Let’s build a solid financial foundation for your construction company together.“

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 “percentage of completion” 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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testimonials

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J. Gallegos

“True Accounting & Finance Experts are amazing to work with. They timely handle your business with the utmost professionalism. They are exactly what their title says experts, my trusted CPA experts.”

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