Accounting Services | McMahan & Associates LLC

Accounting

Services

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Accounting

Services

From audit readiness to accurate reporting—we provide the accounting insight your organization can count on.

Contact our team

From audit readiness to accurate reporting—we provide the accounting insight your organization can count on.

Contact our team

Assurance Services

Confidence Through Compliance

We view our role in the financial reporting process as an opportunity to provide constructive solutions for maximizing your company's profitability and efficiency. Audits differ from reviews and compilations, as they are an intensive examination of your company's systems and records providing the highest level of assurance that your financial statements accurately reflect your organization's financial position.

Our areas of expertise include Local Governments, Condominium and Homeowners Associations (including audits designed to comply with the Colorado Common Interest Ownership Act), Not for Profit Organizations, For Profit Organizations.

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Accounting Services

Confidence in the Numbers

Providing financial information to our clients in a timely and accurate manner is a commitment that we feel cannot be compromised. Meaningful, well-organized financial records ensure that your organizations operations will run more efficiently on a daily basis. Our firm provides a full range of cost effective accounting services including the following:

Financial statement preparation

Ensure accurate, GAAP-compliant records that support clear financial reporting.

Accounting system setup and improvements

Establish a reliable foundation with customized accounting software and workflows.

Forensic accounting and auditing services

Fraud investigation and internal control system analysis.

Litigation support

Delivering precise financial analysis and documentation for legal proceedings.

Financial Statements

Confidence in Financial Clarity

We can assist you in the preparation of your financial statements in accordance with professional standards, but express no opinion or any other form of assurance on the underlying information included in them. The financial statements produced can be a useful tool for management for making financial decisions.

Stakeholder Trust Index

A+

Clear, consistent reporting earns the confidence of boards, investors, and oversight entities.

Clarity Rate Achieved

98%

Financial statements that provide decision-makers with greater transparency, clarity, and confidence.

Reporting Accuracy Score

99.7

Meticulous reconciliations and expert oversight ensure precision in every line of your financial reports.

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Audits, Reviews & Compilations

We see our role in financial reporting as an opportunity to deliver solutions that strengthen your organization’s financial health and efficiency.

Accountants reviewing reporting to identify trends

Audit

An audit provides the highest level of assurance. It includes testing evidence, evaluating principles and estimates, and giving an opinion that financial statements are free of material misstatement and presented in accordance with GAAP.

Review

A review provides limited assurance that financial statements follow GAAP. It involves inquiries of company personnel and analytical procedures, offering a narrower scope but still adding credibility to financial reporting.

Compilations

A compilation presents financial information from client-provided data, primarily for internal use. It represents management’s information in financial statement form and, while no assurance is provided, it creates clear and organized statements for decision-making.