Audit Services Third parties relying on your financial statements often require an audit for assurance. In order to conduct an audit, we examine your company's financial statements in accordance with generally accepted auditing standards. An audit requires us to examine internal controls and to complete substantial testing of the information underlying the financial statements. We then document our opinion as to whether the statements are fairly presented in conformity with generally accepted accounting principles. Employee Benefit Plan Audits Many employers have established employee benefit plans as a way to attract and maintain a quality workforce, only to find that employee benefit plans are legal entities subject to their own set of rules, regulations and reporting requirements.  The legal requirements of employee benefit plans are determined by ERISA (Employee Retirement Income Security Act of 1974) rules and regulations mandated by the Department of Labor. Auditing employee benefit plans is a specialized practice requiring knowledge and expertise beyond that necessary for performing a financial statement audit.  Our auditors have experience and training in the specialized area of employee benefit plans. Non-Profit Audits Why might your organization need an audit?  Many grants now require that the grant recipient not-for-profit organization have an audit performed by an independent CPA firm.  Non-governmental organizations that receive, use, or expend $15,000 or more in state grant money or federal pass-through money must file annually with the state agency.  They must decide whether they are subject to a Single Audit in accordance with OMB A-133, a Yellow Book audit in accordance with Government Auditing Standards (GAS), or must file a sworn statement and Schedule of Grantee Receipts and Expenditures.  Many private foundations also require an audit to ensure that the money they contribute to an organization is spent in accordance with their restrictions.  An audit also gives the not-for-profit organization's Board of Directors assurance that there are no material misstatements in their financial statements.  Compilations We view our role in the financial reporting process as an opportunity to provide constructive solutions for maximizing your company's profitability and efficiency.  Compilations differ from reviews and audits in that they are based upon client information provided.  No assurance is provided on compilations, thus they should be used for internal use only to facilitate decision-making. More Services