Scope of Services


Businesses need auditors and advisors who understand the industry and the risks that need to be assessed and managed. David J. Shepherd, CPA will provide knowledge, wisdom and value-added suggestions to each client in order to help them achieve operational and financial success.

Audit Services:

  • Formal Report
  • Testing the accounts of an organization
  • Adjusting journal entries
  • Inquiries
  • Representations by the organization’s management and legal counsel
  • Financial statements from adjusted accounts for the organization’s owners, board of directors, and lenders
  • Management letter recommendations to strengthen internal controls and improve operations



Substantially narrower in scope than an audit, a review in a formal report that can be a cost-effective way to meet the requirements of lenders and other outside parties. David J. Shepherd, CPA can provide limited assurance about a client's financial statements.

Review Services

  • Formal Report
  • Analytic procedures
  • Inquiries
  • General/miscellaneous analyses of any unusual items that require explanation
  • Financial statements and management letters may also be prepared if needed


Compilations of Financial Statements

Intended for the use by lenders and other outside parties, compilation involves compiling data from a businesses records and presenting it in an appropriate financial statement format.

Compilation of Financial Statements Services:

  • Compilation Report
  • Financial statement preparation
  • Journal entry adjustments
  • Inquiries to management may also be required.