Discovering New Efficiencies
- Audits, reviews and compilations of financial statements
- Employee benefit plan audits
- Agreed upon procedures
Our audit approach combines a keen understanding of the changes being brought about by today’s competitive business environment and our experience in evaluating the risks you face on a daily basis. You can depend on our auditors to go beyond the numbers and suggest opportunities for cost savings, as well as recognize ways to ensure the quality of the financial information you depend on for decision making. Our goal is to provide the maximum return on your investment in the audit process through in-depth analysis of your financial statements, internal controls, and overall business. We provide feedback that addresses issues such as operational efficiency and also suggest ways to strengthen internal controls to ensure the quality of the information your accounting system generates and that you depend on to make day-to-day decisions. We utilize cutting edge technology to achieve efficiency in the audit process, including paperless audit software and others.
Not Just Audit Reports
Most business owners know that certified public accountants can perform audit services and issue an audit report on a company’s financial statements. However, there are two other levels of service for unaudited financial statements – reviews and compilations. The purpose of these engagements is to add credibility to and enhance the reliability of the company’s unaudited financial statements by performing procedures that are more limited in scope than an audit.
Employee Benefit Plan Audits
The audit and assurance team at McClanathan, Burg & Associates, LLC (MBA) also performs quality audits in the unique and multi-faceted employee benefit plan industry. We understand the complex regulatory environment of employee benefit plans due to the requirements of the Employee Retirement Income Security Act (ERISA) as administered by the U.S. Department of Labor (DOL). Services offered in this area include full-scope and limited-scope audits of both defined contribution plans and defined benefit plans.
An agreed-upon procedures engagement (AUP) is a customized engagement to perform specific procedures and report the findings, which enhances the credibility of the information. Many companies choose to undergo an AUP engagement when purchasing or selling a business, or to test a series of transactions. Such an engagement is less extensive in scope than an audit, as it is specifically directed only to the information that is the subject matter of the AUP engagement.
Services Personalized for Your Needs
MBA recommends the level of assurance service personalized to meet the needs of your business, while maintaining the highest degree of professionalism at every level.