Accounting and Bookkeeping Services
Payroll Management
Trusted Financial Statement Auditing
Audits provide independent verification that your company’s financial documents and reporting adhere to accounting rules and standards. We conduct comprehensive audits tailored for privately held businesses across industries. Our CPAs assess company risks using financial metrics and benchmarks to uncover accounts requiring greater scrutiny like revenues, valuations or loss contingencies. This allows efficiently targeting high probability areas for misstatements. Purpose-built audit software seamlessly extracts and analyzes 100% of transactions from ERP systems using automated routines and algorithms. Identify anomalies and test wider populations using data analytics for acute accuracy.
Scrutinizing Transactions Through Risk-Based Analysis
Consulting on Resolution
If issues arise such as unsupported transactions or improper policies, we advise on corrective actions to become compliant rather than just pointing out problems. Recommend improvements and preemptively avoid future audit triggers.
Understanding Your Processes
We thoroughly examine existing accounting/operational processes, internal controls and IT systems at the onset before designing audit testing programs catered to your infrastructure for relevant coverage.
Linking Controls to Transaction Cycles
Verify that key controls embedded in processes like procure-to-pay and order-to-cash operate as intended across the transaction flow to confirm reliability of resulting financial data.
Rotating Test Samples
Unique samples are selected each audit including unpredictable random selections using data analytics for true picture of organizational health rather than focusing just historically risky areas.
Clear Communications Through All Stages
We host kickoff meetings with executives to align on scope, timing milestones upfront so expectations are set around what audit entails along with insights we aim to uncover. You’re continually updated throughout execution via meetings and status reports. Supporting workpapers provided to substantiate all conclusions. The final report has an executive summary highlighting control deficiencies, procedural recommendations and growth opportunities in clear business language along with technical findings.
Ensuring Accounting Rule Compliance
Confirm financial statements adhere to GAAP, IFRS guidelines and SEC regulations if public. Ensures disclosures give accurate performance portrayal.
Validating Internal Controls
Evaluate adequacy of internal control policies and procedures around financial reporting principles and standards to determine reliability.
SOX Guidance For public companies, guide testing and compliance efforts around Sarbanes-Oxley act requirements involving internal controls, fraud prevention and governance.
Benchmarking Performance
Leverage industry metrics and analysis to benchmark company performance against competitors and norms to identify areas for operational improvement.
Uncovering Cost Savings
Pinpoint areas of waste or excess spending through detailed reviews of expenses, overheads, payroll. Highlight opportunities to enhance profit margins.
Strengthening Governance
Assess strength of organizational checks and balances in critical processes impacting finances to advise enhancing oversight and accountability.
Financial Validation You Can Count On
Let us lend an independent eye to validate your financial standing. Schedule a complimentary risk assessment today!