The Right Level of Assurance for Your Needs
Not every situation requires a full audit — and paying for more assurance than you need is not good stewardship. R&C's licensed CPAs help you identify the right engagement type and execute it with the same professionalism and precision as our audit engagements.
Compilations
We prepare your financial statements from information you provide, following applicable professional standards and noting any departures from GAAP. Ideal for internal use, board reporting, or small organizations that need organized, professionally presented financials. We also assist with bookkeeping and general ledger preparation as a foundation — making this a turnkey solution for smaller non-profits, maritime operators, and emerging businesses.
Reviews
A review provides limited assurance that no material modifications are needed for financial statements to conform with GAAP. We apply analytical procedures and targeted inquiries to identify anomalies or unexpected relationships. Reviews are commonly required by lenders, grant funders, and boards who need more than a compilation — but where a full audit is not yet required.
Agreed-Upon Procedures (AUP)
AUP engagements give you precision: you define the procedures, we execute them and report factual findings — without providing an opinion. AUPs are flexible, cost-effective, and widely used for:
• Grant compliance testing for specific federal or private awards
• Subrecipient monitoring for non-profits managing pass-through funding
• TPRM — control testing at vendors, subcontractors, or third-party service providers
• Loan covenant verification for lenders
• Vessel cost and revenue verification for maritime clients
• Joint interest billing audits for oil & gas operators
• Cash balance or specific account verification
• Internal fraud investigation support
Non-Profit & Healthcare Grant Compliance
Our team regularly performs AUPs for non-profits and healthcare organizations demonstrating compliance with specific grant requirements — providing funders with targeted assurance at a fraction of the cost of a full Single Audit.
