Auditing & Accounting-Services
Audit, Review, and Compilation of Financial Statements
Our firm provides financial statement audit, review, and compilation professional services to entities of all shapes and sizes. We can perform a complete audit attestation, offer limited-scope review testing, or compile your financial records into meaningful Generally Accepted Accounting Principles (GAAP)-compliant financial statements.
HOA & COAs
Each year we prepare hundreds of audits, reviews, compilations and tax returns for homeowners’ associations, working with several different management companies throughout Ohio and Kentucky.
HOA & COAs-Audit/Review/Compilation:
Audit reports are prepared in accordance with the American Institute of CPAs (AICPA); AICPA Audit & Accounting Guide for Common Interest Reality Associations (CIRA Guide)
Financial reviews or compilations can be prepared for Associations that do not need a certified audit
Operating and Reserve Funds are reported, on accrual basis financial statements
Reserve Study consulting is available for Associations preferring to do their Reserve Studies in-house
Management Advisory Letter-standard financial recommendations to help the Board and management company meet fiduciary duties more effectively. If reportable conditions or material weaknesses exist, they are disclosed in a separate letter.
HOA & COAs-Income Tax Preparation:
We are experienced with all of the technical requirements of HOA taxation and provide the following income tax services:
Federal Form 1120, 1120-H, or 990 as applicable
Ohio & Kentucky state, county, and local tax preparation
Tax filing instructions, due dates, and estimated tax forms
QuickBooks-Services & Support
FRANZ CPAs offers support specifically around the QuickBooks accounting software. Several of our team members are Certified QuickBooks ProAdvisors, which means we successfully completed a comprehensive QuickBooks curriculum, developed by Intuit® to teach us the best practices in QuickBooks installation, setup, payroll, reporting, and other day-to-day functions of the software. Our Certified QuickBooks ProAdvisors specialize in working with small businesses.
FRANZ CPAs is Peer Reviewed
Peer Review is a periodic review, performed by outside, independent CPA firm every 3 years, of a CPA firm’s internal quality control system in accounting and/or auditing. A Peer Review is intended to maintain and improve the quality of the accounting and/or auditing services performed by CPA firms.
The Ohio Society of CPAs has been administering a Peer Review of FRANZ CPAs accounting and auditing practice since 1967. Each Peer Review, the Ohio Society of CPAs has determined that FRANZ CPAs “system of internal quality control” is designed to meet the requirements of the internal quality control standards for an accounting and auditing practice established by the AICPA.
The FRANZ CPAs Difference
You deserve an accounting firm that is going to respect you and provide honest, clear communication. We distinguish ourselves from other CPA firms through exceptional client service. We keep all clients informed of the latest issues and bring strategies, expertise, and solutions to the table. You can connect with our team at any time: we remain in regular contact with clients throughout the year. FRANZ CPAs services are consistently preformed timely, accurate, and reliable while keeping our fees competitive.
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