Audit & Attestation

Audits are crucial for ensuring regulatory compliance, fulfilling funding requirements, and fostering public trust. They identify and address weaknesses in financial controls, ensure accurate reporting, and improve financial management. Furthermore, audits provide valuable insights for strategic planning and enhancing operational efficiency. In some cases audits may be required by a bank, a board of directors or a governmental entity.

Most of our clients generally schedule annual audits to adhere to regulatory requirements, satisfy funding conditions, and/or maintain transparency. Larger or more complex entities may require annual audits for comprehensive oversight, while smaller entities might opt for less frequent audits. The frequency often aligns with bank requirements, governmental requirements, donor stipulations, organizational policies, and operational complexity.

The audit process generally involves planning, risk assessment, gaining an understanding of internal controls, gathering evidence, and reviewing financial statements. The auditors will then issue a report with an opinion on the financial statements.

Our team will collaborate with you to develop a tailored plan to ensure you are fully prepared for the audit. We will provide a detailed list of required items, including organizing financial records, ensuring proper documentation of transactions, and reviewing internal controls. Additionally, we will communicate with you in advance to clarify audit requirements and expectations, ensuring a smooth and efficient process.