HD CPA LLC provides independent financial statement audits, reviews, compilations, fractional Controller and CFO services, and accounting support for businesses and organizations. Our services address financial reporting requirements, financial management, accounting operations, and compliance with applicable professional standards.
Audit & Assurance Services:
HD CPA LLC performs financial statement audits, reviews, compilations, financial statement preparation, and agreed-upon procedures engagements under applicable professional standards. These services help organizations address financial reporting and assurance requirements.
- Financial statements audits performed in accordance with Generally Accepted Auditing Standards (GAAS)
- Financial statements reviews under applicable SSARS standards
- Financial statements independent accountant’s compilation report
- Financial statements preparation, including applicable footnote disclosures, under GAAP or special frameworks
- Financial statement audits and assurance engagements involving applicable financial reporting frameworks, including IFRS and FRF for SMEs
- Agreed upon procedures engagements
- Other engagements under applicable SSAE or SSARS standards
Fractional Controller & CFO Services:
HD CPA LLC provides fractional Controller and CFO services to support financial reporting, budgeting, forecasting, internal controls, and accounting operations. These services can help organizations obtain financial management support without maintaining a full-time internal Controller or CFO.
- Financial statement consolidations and elimination entries
- Budget to actual analysis
- Budgeting and forecasting
- Industry data and ratio analysis
- Revenue and cashflow forecasting
- Risk assessment and management
- Policy and procedures implementation
- Financial Statements preparation
- Periodic consultation
- Accounting software implementation
- Newly issued accounting standards guidance and implementation
- Internal control assessment and evaluation
- Accounting process improvements
Accounting Services:
HD CPA LLC provides recurring and project-based accounting services, including bookkeeping, account reconciliations, accounting system setup, financial closing, and preparation of financial schedules. These services support organizations in maintaining accurate accounting records and preparing financial information for management and external reporting.
- Preparation and point of contact for external auditors
- Accounting system setup
- One time cleanup
- Chart of accounts
- Payroll entries
- Monthly bookkeeping services
- Monthly bank reconciliation services
- Monthly end closing and journal entries
- Year end closing and journal entries
- Preparation of schedules, such as fixed asset depreciation, AR aging, AP aging, debt rollforward, equity roll forward, lease amortization schedules, job cost schedules, etc.
Frequently Asked Questions:
What is the difference between an audit, review, and compilation?
A financial statement audit provides reasonable assurance (not a guarantee) and includes an auditor’s opinion. A review provides limited assurance, primarily through inquiries and analytical procedures. A compilation assists management in presenting financial information without providing assurance.
Does HD CPA LLC provide fractional CFO services?
Yes. HD CPA LLC offers fractional Controller and CFO services, including budgeting, forecasting, financial analysis, accounting process improvements, and financial reporting support.
Can HD CPA LLC help prepare financial statements?
Yes. HD CPA LLC provides financial statement preparation services under applicable accounting frameworks, including GAAP and special purpose frameworks.
Does HD CPA LLC offer bookkeeping and accounting cleanup?
Yes. HD CPA LLC provides bookkeeping, bank reconciliations, accounting system setup, accounting cleanup, and financial closing assistance.