Our services are intended to assist your government in reporting its capital assets for financial reporting purposes.
Our services also include facilitating, establishing and maintaining necessary capital asset information.
Our services do not constitute an appraisal, opinion, or other attestation. Information provided by you is presumed reliable, reasonably accurate, and complete. We will not undertake an audit or other verification of the information and will not attest to its accuracy or completeness. We assume no responsibility for errors and omissions contained in data we are given.
We do not generally maintain copies of invoices or other client records that support asset costs paid by client to outside contractors/vendors. The client retains responsibility for maintaining these types of records. We do, however, retain records for asset costs that we develop as part of our engagement work.
No opinion regarding technical matters including, but not limited to, accounting, appraisal, insurance, engineering, or regulatory issues is offered with this service. Clients are advised to seek the advice of competent specialized professionals regarding these matters.
The client retains responsibility for filing its capital assets information with various regulatory agencies.
When our work is complete, our work papers and files developed during this service will be retained for a period of three years.
The total aggregate liability of Peterson Consulting Services, Inc. (PCSI) for any and all injuries, claims, losses, expenses, costs or any damages related to PCSI's services to the client is limited to the total compensation received by PCSI under this Agreement.