Audits, Reviews, Compilations and Internal Controls

You want to be absolutely confident when representing the accuracy of your financial statements to stockholders, creditors and private investors. With WABC by your side, you can provide quality assurance regarding your financial position.

 

Audits

WABC conducts thorough auditing services for all types of entities. Our approach ensures the highest level of integrity in your financial statements.

WABC performs audits with the most modern tools available and always works within the current industry guidelines. Our in-depth approach includes:

  • Evaluation of internal controls
  • Inspections of current inventory
  • Documentation of operating cycles, including sales and cash receipts, cash disbursements and payroll
  • A summary of our methodology, documenting our examinations and testing as well as your supporting paperwork

WABC will work diligently with relevant outside organizations, including customers, banks, vendors and attorneys during the auditing process.

WABC is a member of the PCAOB and Employees Benefit Quality Center.

 

Reviews

For situations that may not require the cost or extent of a full audit, a WABC review can provide limited assurance. Through inquiries with company personnel, observation of operations and review of previous financial statements, WABC accountants develop a solid understanding of your business - its operating characteristics and the nature of its assets, liabilities, revenues and expenses. The WABC team has great familiarity with a number of industries.

 

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Compilations

In a compilation, WABC packages financial information presented by management in a financial statement report that will often meet the needs of creditors.

As part of our full-service approach, WABC also offers bookkeeping services, including payroll tax return preparation, posting of journals and ledgers and the preparation of depreciation schedules.


Assessment of Internal Controls

WABC helps minimize threats to your financial security. We can evaluate your organization's internal controls to ensure your resources are handled properly, protect you from employee theft and make sure you are operating efficiently and effectively.

To determine what type of assurance is most appropriate for your business and how we can be your partner in the process, please contact Andy Garrett.