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Accounting 

We at Jhaj & Co Professional Services Inc. provide accounting services to meet your business requirements. Our accounting services include review and compilation

Review

For some client either the bank and/or lenders or other stakeholder require financial statements that provide some assurance. A review engagement can provide a negative assurance on the reasonableness of financial statements of an entity.  We primarily rely on analytical techniques, management inquiry and representation, analytics, and plausibility to determine the reasonableness of the financial statement assertions.

Even without an assurance or audit opinion that the financial statements are fairly and appropriately presented, a review adds reasonable credibility to financial statements.  Review engagements are normally required by banks, insurance companies or other financial support institutions where moderate financial risk or exposure exists. 

Compilation (Notice to Reader - NTR)

Small business generally have no need for expensive audits or reviews. We provide compilation or Notice to Reader financial statements. The NTR are acceptable when business need for financial statements is for tax filing and owners’/managers’ consumption. We compile the financial statements to meet the tax filing and management’s use.