Audit & Assurance Services for corporations, partnerships and non-profits
Audit and assurance are processes used for the evaluation of the financial record of the company.
They are hand-in-hand processes. Both audit and assurance services play a key role in evaluating a company’s financial record. However, there is a difference between audit and assurance services.
Audits focus mainly on checking financial numbers for accuracy, while assurance services go beyond that to verify the processes and systems used to create those numbers.
We provide data-driven insights and innovative solutions that optimize performance, mitigate risks, and drive long-term success. Our teams can provide tailored solutions that are customized to meet the needs of entities in different industries.
What’s included in Audit & Assurance?
Financial Statement Audits
This involves a comprehensive examination of an entities’ financial records.
Audit services may also include Single Audit (Subpart F of the OMB Uniform Guidance).
For Pension Plans, we also provide audit services in accordance with the Employee Retirement Income Security Act of 1974 (ERISA)
Financial Statements Review
The process involves applying analytical procedures to management’s financial data.
This involves making inquiries of company management.
The objective here is providing limited assurance in accordance with generally accepted accounting principles.
Financial Statement Compilation
We perform compilations in accordance with the Statements on Standards for Accounting and Review Services.
This service is involves compilations only, without providing any assurance that there are no material modifications that should be made to the financial statements.