Professional Financial Auditing Services

Most companies conduct annual financial audits, but the frequency can depend on your industry, regulatory requirements, and company size. Some organizations may benefit from more frequent audits, such as quarterly reviews, especially during periods of rapid growth or significant changes.

Internal audits are conducted by employees of your organization and focus on improving internal controls and processes. External audits are performed by independent third parties (like us) and provide an objective assessment of financial statements and compliance with regulations.

The duration of an audit depends on your organization's size, complexity, and the scope of the audit. A standard financial statement audit for a mid-sized company typically takes 2-4 weeks from initial planning to the final report, but this can vary significantly based on specific circumstances.

Common documents include financial statements, general ledger, bank statements, accounts receivable and payable aging reports, inventory records, fixed asset listings, payroll records, minutes of board meetings, and any significant contracts or agreements. We'll provide a detailed document request list at the start of the engagement.

For your first audit, we recommend: 1) Ensuring your financial records are complete and organized, 2) Documenting your key financial processes and controls, 3) Preparing reconciliations for major accounts, 4) Gathering supporting documentation for significant transactions, and 5) Designating a point person to coordinate with our audit team.