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What is an audit? An audit is the examination of the financial statements of an organization by someone independent of the organization. The purpose of an audit is to form a view on whether the information presented in the financial report, taken as a whole, reflects the financial position of the organization at a given date. When examining the financial report, auditors must follow auditing standards known as Generally Accepted Accounting Principles (GAAP). We offer full scope audits using a risk-based approach. Our team will gain an understanding of your business in order to identify the areas of greatest risk. By understanding the company, we gain a needed perspective to be used in performing an effective audit. Our audit approach places particular emphasis on the planning phase to ensure maximum efficiency and effectiveness. The overriding concept of understanding the entity is to incorporate those procedures that will most effectively accomplish defined objectives in each specific engagement. This concept translates into a more efficient audit. Once the audit is planned using the risk-based assessment, our audit procedures are managed on a daily basis by our most experienced people. Our partners and senior managers are involved extensively with leading your audit engagement. This allows for a complete and thorough audit process while maintaining efficiency.
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Our goal is to provide staffing continuity on your audit. We do not want your personnel having to teach our staff your business each year. We want to learn your business initially and provide the same resources to you each year thereafter. |
