Rise and Shine Child Care Centers & Family Services Agency LLC

Objective

Rise and Shine Child Care Centers & Family Services Agency LLC required an independent financial statement audit to meet compliance requirements and demonstrate fiscal responsibility to stakeholders. As an essential childcare services provider, the organization needed to validate its financial reporting while maintaining focus on its core mission.

Solution

Dimov CPA performed an audit in accordance with U.S. GAAS, examining the financial statements prepared on a modified cash basis. Our work included:

• Verification of account balances and transaction analysis
• Review of revenue recognition and expense allocations
• Examination of long-term liabilities
• Assessment of the organization's financial position and debt obligations
• Evaluation of the modified cash basis disclosures

The Result

We issued an unmodified audit opinion, confirming that the financial statements:

• Present fairly the organization's financial position
• Properly disclose all material liabilities
• Adequately describe the modified cash basis of accounting

The clean opinion provided assurance to management and stakeholders about the organization's financial health and ability to meet its long-term obligations.