Accounting & Assurance

We view our role in accounting and assurance services engagements as an opportunity to provide your company with constructive solutions for maximizing profitability and efficiency. To ensure the highest quality accounting and assurance services are delivered to our clients, GCS is a member of the American Institute of Certified Public Accountants (AICPA) Peer Review Program and is registered with the Public Company Accounting Oversight Board (PCAOB). GCS belongs to various AICPA Audit Quality Centers and is a member of CPA Associates International (CPAAI), a worldwide association of CPA firms allowing us to bring our clients the wealth of knowledge and resources of associate firms worldwide. In addition, GCS as a firm and its accounting and assurance professionals individually serve on committees, panels, and interest groups sponsored by the AICPA, CPAAI, and the New Jersey Society of Certified Public Accountants (NJSCPA).

Assurance Services

We offer several levels of assurance services to financial statements prepared using United States generally accepted accounting principles (GAAP), other comprehensive basis of accounting such as the Income Tax Basis of Accounting, and to financial statements prepared using International Financial Reporting Standards (IFRS).

Audit of Financial Statements

An audit provides the highest level of assurance that the financial statements are free of material misstatement, and includes an intensive examination of the financial statements and supporting documentation, uses confirmation with external sources, and requires an understanding of the company’s accounting policies and procedures and internal controls.

Review of Financial Statements

A review provides limited assurance obtained through the use of analytical procedures and inquiries of management, and an assessment of the accounting principles used and the overall financial statement presentation.

Compilation of Financial Statements

A compilation provides no assurance on the financial statements and is based upon information provided by management.

Agreed-Upon Procedures

Our extensive accounting and attestation skills are utilized in applying procedures to subject matter specified by the user, usually a lender, investor, or prospective buyer or seller. Agreed-upon procedures engagements have various useful applications. Most commonly, these engagements provide the user with a better understanding of the composition or operational aspects of specific accounts, or the effectiveness of processes or procedures used in internal controls and financial reporting, or other matters. As a result of the engagement, a report is prepared on the results or findings of procedures applied, but no opinion is rendered.

Accounting Services

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 business 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

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.

Bookkeeping/Write-Up Services

Meaningful, well-organized financial records ensure that your business operations will run more efficiently on a daily basis and are the foundation of a successful business. Our qualified staff can assist you with the day-to-day tasks associated with bookkeeping.

Payroll Services

As a business grows, it must hire more employees, which can result in increased payroll administration. We can assist you in implementing the controls necessary to ensure a reliable, efficient, and effective in-house payroll system. Our firm can also help you develop a payroll system and prepare all necessary payroll tax returns in a timely manner. We can also assist you with contracting a third party payroll service provider and advise you as complex payroll compliance and reporting issues arise.