Wasatch Front Audit & Assurance Services
CMP provides audit and assurance services, including audits, reviews, and compilations, for privately held companies. While our roots are in Logan, Layton, and St. George, we serve clients across the Mountain West and nationwide, using secure virtual tools for document sharing, meetings, and remote fieldwork.
Why Choose CMP for Audit & Assurance Services
Why Choose CMP for Audit & Assurance ServicesOur team is happy to correspond with a lender, banker, or other third party to help determine exactly what they’re requiring and which level of service, audit, review, or compilation, will meet your company’s needs. From there, we work with you and your team, walking you through each step of the engagement.
We’ve built established processes to perform each engagement efficiently, and we pride ourselves on a knowledgeable team with experience across various industries. Our goal is simple: get you what you need, when you need it, and make sure our work is genuinely of value to you.
CMP works around our schedule and deadlines, puts our needs before their own, and is willing to bend over backwards for us to make it all work out.
Whenever possible, they assign the same people to our audit each year. This saves me time and energy, because I don’t have to bring someone up to speed on the workings of our company year after year after year. I’ve found this to be invaluable.
Their knowledge & expertise, general demeanor, and willingness to put our needs and schedules above their own make our annual audit a pleasure, rather than a chore.
Charlotte Cantwell
Utah Festival Opera & Musical Theatre
Free 15-Minute Assessment
Not sure whether you need an audit, review, or compilation?
Send us the request you received and a CPA will confirm which level of service satisfies it, before you pay for the wrong one.
Our Audit & Assurance Services
The service you need usually comes down to one question: What is your lender, investor, licensing board, or other third party asking for? CMP provides audits, reviews, compilations, and prepared financial statements. If you aren’t sure which one is required, our team can help you confirm it before the work begins.
Financial Statement Audits
An audit provides reasonable assurance that your financial statements are free from material misstatement. Our CPAs examine supporting information, assess risk, and perform other audit procedures before issuing an opinion on the financial statements. Audits are often required by lenders, investors, regulators, bonding companies, and other third parties.
Learn more about our financial statement audit services
Financial Statement Reviews
A review provides limited assurance and involves less extensive work than an audit. Our CPAs primarily use inquiries and analytical procedures to determine whether anything has come to their attention that would require material changes to the financial statements. A review may be enough when a lender or another third party requires CPA assurance but doesn’t require a full audit.
Learn more about our financial statement review services
Compilations and Prepared Financial Statements
During a compilation, a CPA helps management present the company’s financial information in financial statement form and issues a compilation report. A compilation doesn’t provide assurance, and the CPA doesn’t issue an opinion or conclusion on the statements. CMP also offers financial statement preparation, providing statements without a compilation report. Because third-party requirements vary, it’s important to confirm which service they’ll accept.
Learn more about our compiled financial statements
Which Service Do You Need?
Audits, reviews, and compilations each provide a different level of assurance, and the right one depends on what your lender, investor, or board is actually asking for. If you’re not sure, we can help you work it out.
Read our full comparison of audit vs. review vs. compilation
Industries We Serve
We currently perform audit and assurance engagements for the following types of entities:
- Privately-held businesses
- 401(k) profit sharing and defined benefit plans (ERISA audits)
- Captive Insurance
Learn more about our ERISA / 401(k) audits
Serving the Mountain West from Our Logan, Layton, and St. George Offices
While many accounting firms are consolidating into large, impersonal corporations, we believe that local presence matters. Our offices in Logan, Layton, and St. George are more than just addresses on a map. They are hubs of technical expertise staffed by professionals who understand the unique economic landscape of the Mountain West.
Whether you are a newer, growing startup in Northern Utah or an established business in the southern part of the state, you have access to a partner who can meet you face-to-face. We combine this regional presence with the deep resources typically found at national firms. This gives you the best of both worlds: high-level sophistication with the responsiveness of a neighbor.
Specialized Remote Capabilities for Clients Nationwide
You don’t need to be in Utah to benefit from our assurance expertise. We’ve spent years refining a secure, paperless process that lets us serve organizations across the United States with little or no travel required.
We work on your timeline, regardless of your time zone.
Your sensitive financial data is handled through encrypted, secure platforms.
We minimize travel expenses and the disruption of having a team in your physical office.
Meet CMP’s Audit & Assurance Team
Dustin Wood, CPA, is an audit partner with CMP in the Logan, Utah, office and has been with the firm since 2005.
Tara Williams, CPA, is an Assurance Partner in the firm’s Logan office and has been with the firm since 2010.
Frequently Asked Questions
Do you provide audit and assurance services for businesses outside of Utah?
Yes. While our physical offices are in Utah, we provide financial statement audits, reviews, and compilations to businesses nationwide, using secure, encrypted cloud technology for remote fieldwork.
What is the difference between a financial statement audit and a review?
An audit provides the highest level of assurance through in-depth testing and internal control assessment, whereas a review provides limited assurance primarily through inquiry and analytical procedures. See our full comparison of audit vs. review vs. compilation, or we can work with your lender or board directly to determine which level fits your requirement.
Do I need to be in Utah to work with your team?
No. Our audit and assurance services are designed to be “borderless.” We work with companies nationwide using virtual meetings and secure portals for document sharing.
What types of organizations do you audit?
We perform engagements for privately-held businesses and employee benefit plans (ERISA audits), across a range of industries.
Can you help us transition from a compilation to a full audit?
Yes. As businesses grow and seek larger financing, they often need a higher level of assurance. We guide you through the transition, helping prepare documentation and internal controls for a smooth first-time audit or review.
How long does a typical audit take to complete?
Timeline varies with the complexity of the organization, but most audits take at least six to eight weeks from the start of fieldwork to issuance of the final report, and more involved engagements can take two to three months.
Ready When You Are
Talk directly with a CMP CPA about your audit, review, or compilation requirement.
