Financial Audit & Review Services for NYC Businesses, Nonprofits & Lenders
Edward Torres CPA provides independent financial audits, reviews, and compilations for NYC businesses, nonprofits, and lenders. GAAP-compliant reports that build bank and investor credibility. Free consultation.
40+
15,000+
100%
< 24h
Certified Assurance Deliverables
From full financial statement audits and independent reviews to compilations and comprehensive internal control audits.
Accuracy Rate
100%
Detailed records that stand up to any review.
Partner Led
100%
Direct oversight of all tax filings.
Reporting Sync
Real-Time
Cloud-integrated updates as they happen.
Assurance Standards
Financial Audits for NYC Businesses & Nonprofits
Nonprofit Organizations
Annual CHAR500 filings, independent audit support, and transparency compliance reports for NYC foundations.
Tech & SaaS Startups
Investor-mandated financial statement review engagements for venture-backed and Series A/B startups.
Businesses Seeking Lenders
Compiled and reviewed financial statement preparation to comply with bank debt covenants and secure lines of credit.
Construction & Government Contractors
Assurance reviews required for government bidding eligibility and public sector bonding capacity.
Book an Independent Assurance Consultation
Book a free strategy session to discuss your financial audit & review services for nyc businesses, nonprofits & lenders needs with our licensed CPA team.
Same-Day Response
We typically respond within 2-4 hours
No Obligation
Free consultation with zero commitment
Licensed CPA Team
30+ years serving NYC businesses
Get Your Free Quote
Tell us a bit about your needs and we'll prepare a custom proposal.
Independent Financial Audits for NYC Businesses
We provide the level of certified assurance your stakeholders—banks, investors, and grantmakers—demand for absolute credibility.
Financial Statement Reviews & Compilations — NYC CPA
Our reports are built on a foundation of rigorous internal control analysis and GAAP compliance, tailored to your scalability needs.
AUDIT ENGAGEMENT PHASES
Our Independent Assurance Process
Free Consultation
Speak with a CPA to discuss your financial reporting requirements.
Custom Engagement
We assess your needs and recommend the right level of assurance.
Execution & Delivery
We manage the engagement from document review to final reports—delivered on time.
The Outcome
Your Results
Audit readiness isn't just about compliance—it's about credibility. Whether for a bank, investor, or grantmaker, we deliver reports that prove your financial health.
Start Your ConsultationIndependent Financial Audits & Reviews
GAAP-Compliant Financial Reporting
Audit Readiness & Internal Controls
Compilations for Management Use
Support for Grant, Lender & Investor Requirements
"Audit readiness isn't just about compliance—it's about credibility. Whether for a bank, investor, or grantmaker, we deliver reports that prove your financial health."
Edward Torres, CPA
Principal CPA oversight
From independent audits to CPA-reviewed statements, we provide the level of assurance your stakeholders require. We handle the entire process with minimal disruption to your daily operations.
Our services are designed for scalability—from internal control reviews for startups to full GAAP audits for established corporations.
What We Cover
Support designed for your situation
- Independent Financial Audits & Reviews
- GAAP-Compliant Financial Reporting
- Audit Readiness & Internal Controls
- Compilations for Management Use
- Support for Grant, Lender & Investor Requirements
Local Expertise. Global Reach.
Headquartered in Forest Hills, NY 11375, we provide professional support to clients across all 50 states.
Comprehensive Support
Other Practice Specializations
Explore our complementary professional services designed to protect your wealth and streamline operations.
Bookkeeping & Payroll Services for NYC Small Businesses
Edward Torres CPA handles bookkeeping, payroll processing, and monthly reconciliations for NYC small businesses. QuickBooks & Xero certified. Month-end reporting included. Free consultation.
Tax Planning & Consulting Services in New York City
Edward Torres CPA provides proactive tax planning and consulting for businesses and individuals in NYC. Entity structuring, R&D credits, multi-state advisory. Stop overpaying — book a free strategy session.
Fractional CFO & Business Advisory Services in New York City
Edward Torres CPA offers fractional CFO services and business advisory for NYC startups and growing companies. Financial forecasting, investor reporting, and strategic growth planning. Free consultation.
Frequently Asked Questions
Direct answers on scope, timelines, support, and documentation for this service.
What's the difference between an audit and a review?
An audit provides the highest level of assurance, involving detailed testing and verification of financial records. A review provides moderate assurance through analytical procedures and inquiries. A compilation presents financial statements without assurance. The right choice depends on your stakeholders' requirements.
Why would I need an audit?
Audits are often required by banks for loans, investors for due diligence, grantmakers for compliance, or regulatory bodies. They also provide credibility for management and help identify internal control weaknesses.
How do I prepare for a financial audit?
We guide you through the entire process, from gathering documentation to responding to auditor questions. Starting with clean, organized books makes the process smoother. Our audit readiness services help ensure a successful outcome.
How much does a financial audit cost?
Audit costs depend on company size, complexity, and industry. Small business audits typically range from $5,000-$20,000. Reviews cost less, typically $2,000-$8,000. Compilations are the most affordable at $1,000-$4,000. We provide detailed quotes.
How long does an audit take?
A typical small business audit takes 4-8 weeks from start to finish, including planning, fieldwork, and report issuance. Reviews take 2-4 weeks. Compilations can be completed in 1-2 weeks. We work efficiently to minimize disruption.
Do you perform audits for nonprofits?
Yes, we perform audits for nonprofit organizations, including those required for federal grant compliance (Uniform Guidance). We understand nonprofit accounting standards and help maintain compliance with regulatory requirements.
What is a compilation?
A compilation is the presentation of financial statements based on information provided by management, without expressing assurance. It's useful when you need financial statements for internal use or when stakeholders don't require assurance.
Will an audit find all fraud?
Audits are designed to provide reasonable assurance, not absolute assurance. While auditors look for fraud indicators, audits aren't specifically designed to detect fraud. If fraud detection is your concern, we can discuss forensic accounting services.
What are internal controls and why do they matter?
Internal controls are processes to ensure reliable financial reporting, operational efficiency, and regulatory compliance. Strong controls prevent errors and fraud. As part of audits, we evaluate and recommend improvements to your internal controls.
Do I need an audit for my bank loan?
It depends on the lender and loan size. Many banks require reviewed or audited financial statements for loans over a certain threshold. We can advise on what level of assurance your lender requires and provide the appropriate service.
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