CPA-Issued Financial Statements for Bonds, Licensing & Lending
If your contractor license, surety bond, or financing application requires financial statements prepared by a licensed CPA — we can help.
Why a CPA-Issued Statement Matters
Not all financial statements carry the same weight. A CPA-issued compilation or review is prepared in accordance with AICPA professional standards and signed by a licensed CPA — which is exactly what surety companies, bonding agents, and many lenders require.
Self-prepared financials or bookkeeper-generated reports don't meet this standard. If you've been turned down or delayed because of your financial statements, a licensed CPA engagement may be the missing piece.
Who Needs This
General contractors and subcontractors applying for contractor licenses (CSLB)
Construction and trades businesses applying for or renewing surety bonds
Healthcare providers seeking facility licensing or financing
Business owners applying for SBA loans or commercial lines of credit
Any business required to submit CPA-prepared financials to a regulatory body or lender
Our Assurance Services:
Compilation
We present your financial data in standard format without expressing assurance. The most common requirement for contractor licensing and smaller bond applications. Issued on Prep Tax Smart letterhead and signed by Kate Dymedenko, CPA.
Review
We perform analytical procedures and inquiries to provide limited assurance that your financials are free of material misstatement. Required for larger bonds, certain lenders, and higher-tier licensing applications.
Agreed-Upon Procedures (AUP)
When a specific stakeholder needs targeted verification of specific items — revenue, cash balances, accounts receivable — we perform defined procedures and deliver a factual report. Flexible and efficient for lender requests.
The Process
Step 1 — Consultation
We review what your bonding agent, lender, or licensing board specifically requires and determine which engagement type is appropriate.
Step 2 — Engagement Letter
We issue a formal engagement letter defining scope, deliverables, timeline, and fees.
Step 3 — Fieldwork
We gather your financial data, reconcile your books if needed, and prepare the financial statements.
Step 4 — CPA Report Issued
We issue the final report on Prep Tax Smart letterhead, signed by Kate Dymedenko, CPA — ready for submission to your bonding agent, lender, or licensing board.
Get in touch
Have questions about a solution, want to learn more about our pricing tiers, or simply need a quick conversation? We’d love to hear from you.
Industry-Leading Standards and Capabilities
