An audit is the highest level of service offered by a CPA. Audited financial statements are frequently requested by lenders, grantors, or others relying on your financial information. The process involves testing your internal control structure and evaluating your general ledger balances to provide reasonable assurance that your financial statements are presented in accordance with generally accepted accounting procedures.
Our partners are also highly experienced in performing Yellow Book and Single Audit engagements for governmental entities, and currently audit a number of Commissions and Authorities throughout Virginia.
“I was a bit nervous about going through my first audit. As a small nonprofit we don’t have a large accounting department, but the audit team was so patient in explaining their procedures that I now have a more complete understanding of the process and will be better prepared for next year.” Sherry G