Audits and Attestation
Ensuring credible and accurate financial information
Today, your business needs assurance on both their financial and non-financial information – and this often feels like nothing more than a checkbox you need to complete for your bank or another third party. While it’s true it is often needed for a third party, the process should provide you with the confidence that you are following good procedures, financial, or otherwise. Audits and attestation services are wise business practices that reassure your stakeholders that you are presenting your position fairly.
Privately held companies, not for profit organizations, and local government entities need these systematic and independent reviews and assessments of financial statements, management accounts and reports, accounting records, operational reports, and more. The right Kansas CPA firm partner must understand your organization’s operations, identify inefficiencies and risks, and discover new opportunities to protect assets or improve procedures, policies, and profits.
Solutions
Financial Statement Audit
Management teams, boards, shareholders, and other stakeholders need objective financial statement audits that describe an organization’s financial health. This includes the accuracy of its financial statements today as well as tomorrow’s opportunities and challenges. We perform financial statement audits for the following types of businesses:
Reviews and Compilations
Review and compilation services are designed for organizations that need insights into their financial and accounting situation at lower levels of assurance, depending upon situation or need. Although not as rigorous as an audit, they can be an appropriate middle ground solution for reporting on the financial health of your company.
Agreed Upon Procedures
Agreed Upon Procedures (AUP) can be tailored to meet your goals, wants, or needs. This service is designed to find facts by digging deeper into financial results that could involve targeting specific financial data, nonfinancial information, or even specific aspects of a financial statement. AUPs can be performed at any time during the year, not just at year-end.
Employee Benefit Plan and Retirement Plan Audits
Various types of qualified retirement plans, ranging from 401(k) to Employee Stock Ownership Plans have audit requirements. Built upon a strong technical knowledge of ERISA and DOL requirements and a methodical approach to each audit, you will receive a timely filing of Form 5500.
Other Adams Brown Solutions
In addition to the solutions described above, we assist business owners and leaders with investigative audits, operational audits, compliance audits, forecasts, projections, and budgeting.
To learn more about audit and attestation services, contact our A&A Service Line Leader, Meagan Wellbrock, using the fillable “Contact Us” form on this page.
Testimonials
Recent Posts
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CARES Act Funding May Subject Recipients to Single Audit Requirement
How Local Government Entities and Nonprofits Can Prepare By Kayla Williams, CPA Government entities and nonprofit organizations that received federal relief funds in 2020 to help manage the impact of…
Avoiding Common Mistakes in Your Employee Benefit Plan Audit
Act Now to Save Headaches – and Costs – Later By Holly Ives Common mistakes that many organizations make in administering their employee benefit plans (EBPs) can end up costing…
Internal Controls Must be Adapted to a Remote Work Environment
Who’s Opening the Mail? By Meagan Wellbrock, CPA Strong internal controls that keep an entity financially secure during normal times are essential, but during a crisis like COVID-19, business owners…
Audits and Attestation Team Leader:
Meagan Wellbrock
Contact Us: