Audit & Assurance Services

Assurance for you, your customers, oversight agencies, lenders, and others.

We recognize that different organizations have different needs when it comes to financial statement engagements. Whether your needs include the highest level of assurance, such as an audit for a publicly traded company, or you simply need assistance with bookkeeping or keeping up with the latest changes, our experts can help.

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What level of audit & assurance services is right for your organization?

The level of assurance, third-party requirements, and industry-specific needs can vary greatly from business to business. Our CPA’s and industry experts can help examine your business to determine exactly what requirements need to be met in order to maximize the effectiveness of your audit. 

INDUSTRY FOCUS

Our CPA’s have an industry-specific niche, focusing especially on agribusinesses, construction contractors, employee benefit plans, financial institutions, governmental entities, higher education, insurance, manufacturing and distribution, not-for-profit organizations, single audits, and 403(b) plans.

LEVELS OF ASSURANCE

There are generally three levels of assurance provided on financial statements: compilation, review and audit. The level of assurance to be provided on your financial statements depends on your specific needs and situation.

AUDIT QUALITY

Our CPA’s are committed to excellence in their audit practice and undergo a peer review, conducted by outside CPAs, every three years.

AUDIT PROCESS

Our experts audit approach is based on current auditing standards and their in-depth knowledge of the specific industry niche, creating a custom audit approach that is based on your specific needs, risks and opportunities.

Audit & Assurance Services Provided

Best Fit Accounting has an elite team of some of the most experienced CPA’s and auditors in the industry. These experts have decades of experience providing audit and assurance services to hundreds of clients in dozens and industries. Below is a list of some of the most common audit and assurance services:

QUALITY REPORT FOR BOARDS, AUDIT COMMITTEES, AND THE PUBLIC

Our CPA’s provide a quality report to give those responsible for auditor selection a basis for making a decision to choose their services. Learn about their client onboarding, people and technology investments, technical leadership, audit culture and quality monitoring before making your decision.

ATTEST AND AGREED-UPON SERVICES

Whether it relates to debt compliance or a unique circumstance where third parties need assurance about a subset of financial information or an assertion you are making, our experts work with you to identify a service that fits your needs.

OUTSOURCED ACCOUNTING SERVICES

For some, a compilation or preparation is simply a by-product of a broader accounting outsourcing arrangement. We may provide monthly reconciliation or other record-keeping services to meet your accounting, tax, financial management and consulting needs.

AUDIT INNOVATION

As technology advances, our experts are identifying ways to improve your audit experience. Their efforts around artificial intelligence, dynamic workflows, using big data and creating powerful analytic visualizations help improve their audit results and create a better experience for you and your staff.

COMPILATIONS, PREPARATIONS, AND ACCOUNTING ASSISTANCE

When assurance needs are limited, compilation or preparation services, rather than a review or an audit, may be the best fit for your organization. In both services, our expert helps management prepare a financial statement, and in neither service is any assurance or opinion provided.

EMPLOYEE BENEFIT PLAN AUDIT

With the significant investment you make in your employee benefit plan, you understand the importance of closely monitoring your plan’s areas of risk, internal controls and financial statement amounts and disclosures all while maintaining compliance with regulations.

FINANCIAL STATEMENT AUDITS AND REVIEWS

The majority of our assurance services are reporting on financial statements presented under generally accepted accounting principles (GAAP). Our experts generally follow U.S. generally accepted auditing standards or Statements on Standards for Accounting and Review Services, but other standards—including international and governmental standards—come into play as well.

INTERNAL AUDITING AND INTERNAL CONTROLS

External audit services are all about assurance for outside parties, while internal audit services are all about your internal fiduciary responsibilities and needs. Whether you need assistance on a project-by-project basis, guidance on internal control design or establishing an internal audit department or complete outsourcing of your internal audit needs, we can help.

Connect with your Best Fit today.

Whether you need an audit out of contractual obligation or you’d like to be able to rely on your organization’s financial statements, our CPA’s and audit experts can take care of your auditing and financial statement needs.

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