Audit, Review, Compilation icon

Audit, Review, Compilation

Many businesses require one of three levels of financial statement services depending on their various needs. We provide audit, review, and compilation services that help you establish reporting credibility with lenders, investors, vendors, and customers.  Our comprehensive, proactive, and accessible approach offers proper balance based on the level of assurance required by your financial statements and third-party relationships. 

Audit Services

When you want the highest level of assurance to affirm that your financial statements are free of material misstatement, an audit is required. We believe that for an audit to be truly effective, the unique characteristics and risks of each organization in relation to the operating environment, business goals, and needs of the end user need to be considered. When Lumsden McCormick expresses an opinion on your financial statements, you can be confident your financial statements address compliance with current accounting standards and are performed by an engagement team with industry expertise.

Review Services

When your need is limited in scope and a complete audit is not required, a review is recommended. The process to perform a review includes primarily applying analytical procedures to financial data and making inquiries of company management. Based on our review, we will report whether or not we are aware of any material modifications that should be made to the financial statements for them to be in accordance with pertinent accounting guidance.

Compilation Services

Regardless of your industry, having an understanding of your financial health is critical. The accountants’ objective of a compilation is to assist management present financial data in the form of financial statements; there is no opinion expressed as to the accuracy of the financial statements. The accountant’s compilation report can be issued as of or for any specific time period. 

Whether we perform audits or reviews of your financial statements, or simply compile them, you can be assured that we proactively seek ways to help improve your operations.

For more information about audit, review, and compilation services from Lumsden McCormick, please contact an assurance service leader named below or complete the form. 

Services Leaders

Timothy Bubar

Timothy J. Bubar, CPA

Thomas Burns

Thomas M. Burns, CPA, CMA

Sara Dayton

Sara M. Dayton, CPA

Sherry DelleBovi

Sherry L. DelleBovi, CPA

Peter DeSabio

Peter J. DeSabio, CPA

Donna Gonser

Donna M. Gonser, CPA

Michael Grimaldi

Michael J. Grimaldi, CPA

Seth Hennard

Seth D. Hennard, CPA, CGFM, CHFP

Sarah Hopkins

Sarah M. Hopkins, CPA

Jill Johnson

Jill M. Johnson, CPA, CFE, CITP, FHFMA

Cathleen Karpik

Cathleen M. Karpik, CPA

Christopher Lukowski

Christopher Lukowski, CPA, CFE

Douglas Muth

Douglas C. Muth, CPA

Jonathan Roller

Jonathan L. Roller, CPA

John Schiavone

John P. Schiavone, CPA

Robert Torella

Robert S. Torella, CPA

Mary Young

Mary F. Young, CPA, CIA


Upcoming Events

Webinar Series Part V: Changes to Lease Accounting and How it Impacts Your Organization

Webinar Series Part V: Changes to Lease Accounting and How it Impacts Your Organization

July 27, 2021

The accounting for leases is changing significantly. The required implementation of FASB ASC 842 will mandate that most leases are included on the balance sheet as a right-of-use asset, with a corresponding lease liability. The new standard will impact nearly all commercial businesses and nonprofit organizations and is effective for annual reporting periods beginning after December 15, 2021.

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Webinar Series Part VI: The Pandemic and the Economy - Where Are We Now?

Webinar Series Part VI: The Pandemic and the Economy - Where Are We Now?

August 10, 2021

As everyone knows, the COVID-19 pandemic has had a global impact beyond health and safety concerns.  With millions of Americans vaccinated, where does the economy stand and what can be expected across the Upstate region, New York State, the United States, and Canada?

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