Assurance

While the primary objective of the audit process is to provide varying degrees of assurance on the underlying financial data, our auditors utilize experience and training to add value by providing financial, internal control, and operational recommendations that can help meet entity specific objectives. Our audit approach is grounded in a tested and efficient methodology that ensures a consistent ability to meet stated deadlines and commitments.
​
We tailor our audit approach to align with business needs, leveraging our extensive industry knowledge, our understanding of your operations and decades of experience conducting audits nationally.  During the process, we partner with you to identify and address any issues there may be with internal controls, business processes, cash flow, or other areas.

A review is less in scope than an audit and offers limited assurance that the entity's financial statements are presented correctly.  Generally, a review is needed when third parties, such as investors, need assurance that the financial reports are accurate, but don’t require fully audited statements.
​
Our reviews are conducted in accordance with Statements on Standards for Accounting and Review Services (SSARS).  During the wrap up phase of the review, we will discuss our recommendations for any opportunities to strengthen internal controls, improve efficiency, or accuracy. 
 

A compilation is only a preparation of financial statements and does not include an examination of the numbers themselves or express an opinion or assurance that the numbers are correct.  We will take the data you supply and create financial statements that meet generally accepted accounting standards.  As an added value, we will provide recommendations to improve financial, internal controls, or operational performance.
 

Agreed-Upon Procedure (AUP) engagements are conducted in accordance with attestation standards established by the American Institute of Certified Public Accountants (AICPA).  AUPs are a great option when reporting is needed outside a typical audit or review. The procedures are agreed upon between all parties and we provide a report on our findings.

More companies are outsourcing financial and information technology services to third parties, and it has become critical to understand each service entity and its system and organization controls.  As such, the American Institute of Certified Public Accountants (AICPA) has replaced prior SAS 70 and SSAE16 audits, as well as Webtrust and Systrust reports/seals, with a new set of standards: the Statement on Standards for Attestation Engagements No. 18 (SSAE 18), which governs various SOC audits. 
 
SOC for Service Organizations reports are designed to help service organizations that provide services to other entities, build trust and confidence in the service performed and controls related to the services through a report by an independent CPA. Each type of SOC for Service Organizations report is designed to help service organizations meet specific user needs.  Please connect with us to learn more about how we can assist.

Generally, all employee benefit plans with 100 or more participants are required to have an audit as part of their obligation to file an annual report with the U.S. Department of Labor (DOL). If your employee benefit plan is required to have an audit, it is the plan administrator’s duty to hire an independent public accountant, and to ensure that the plan has obtained a quality audit in accordance with the Employee Retirement Income Security Act of 1974 (ERISA) and the DOL requirements.
 
Audits include qualified defined contribution plans such as 401(k), 403(b), profit sharing and ESOPs (including those that require a Form 11-K filing), as well as defined benefit plans and health and welfare benefit plans.