We believe accounting, auditing and related services are not just necessary business exercises; they are opportunities to help our clients present themselves professionally and credibly to creditors and investors and improve their ability to make sound and timely business decisions.

As a result, we always bring our business thinking to bear on all aspects of your company's financial reporting obligations and on its operations. We ask questions, challenge assumptions and find solutions for our clients, many of whom are family-owned businesses and others that are publicly traded. With PBTK, you can have the confidence of knowing that we take a personal interest in helping you grow plus the peace of mind of knowing that you will never outgrow our capabilities.

Among the accounting, auditing and related services offered by PBTK are:
  

PBTK is a member of the American Institute of CPAs' Center for Public Company Audit Firms. Accordingly, we are required to undergo, every three years, both the most intense evaluation available of the effectiveness our system of quality control over our non-SEC accounting and auditing practice by independent peer reviewers and a separate inspection of our SEC audit practice by the Public Company Accounting Oversight Board (PCAOB), created by Congress under the Sarbanes-Oxley Act of 2002. We are proud to report that in 2004, for the fifth consecutive time (that is, every time in the history of the Firm), we received an unqualified opinion from our peer reviewers. Click here for more information about our recent peer reviews and PCAOB inspection.

Our principal services with regard to financial statements are available in three levels, as follows:

accordance with generally accepted accounting principles (or another comprehensive basis of accounting used by the client). For SEC issuers subject to Section 404 of Sarbanes-Oxley, our audits also enable us to express an opinion on internal control and for certain governmental and not-for-profit entities, we also report on certain elements of compliance with laws and regulations. The scope of all of our audits is determined using a sophisticated, risk-based process, unique to our firm, that involves the gathering of substantial information about each client’s business or other activities, the economic environment in which it operates, the characteristics of management, its internal control, and other significant factors that likely contribute to (or mitigate) the risk of material misstatements in one area or another. Using this client-customized, risk-based approach, we are able to assure that our audits effectively achieve their objectives in the most efficient way possible in the circumstances.

Reviews. A financial statement review conducted in accordance with standards established by the AICPA consists principally of inquiries of management and others and applying selected analytical procedures to financial data to see if they "make sense." It is performed for the purpose of enabling us to express limited (negative) assurance (that is less than an opinion on fair presentation) that, based on the procedures performed, we did not become aware of any material modifications that should be made to management's financial statements for them to be in conformity with generally accepted accounting principles (or other basis). A review is substantially less extensive in scope than an audit performed in accordance with generally accepted auditing standards and, therefore, less costly.

Compilations. The lowest (and least expensive) level of service we offer with respect to financial statements is the compilation. Compilations are also conducted in accordance with AICPA standards and are limited to arranging and presenting in the form of financial statements information that is the representation of management. Accordingly, we do not express an opinion or any other form of assurance on them.