Audit & Assurance
Auditing and Assurance
Assurance services primarily involve the audit of financial statements and the issuance of a report on the fairness of the presentation of financial position, results of operations, and cash flows of an entity. We concentrate not only on traditional financial reporting, but also on identifying, designing and implementing ideas to improve client operations.
We serve clients by offering a variety of services including financial statement audits, reviews and compilations, financial projections and forecasts, internal control evaluations, SOC reports, and various other reports and services.
KVR.CPA promises no surprises
Audits do not have to be painful! We will communicate with you every step of the way during the audit process and answer any questions you have without tacking on hidden fees for our services.
Keys to Audit Success
How we ensure a smooth, efficient, and value-adding audit process
Responsiveness and Accessibility
We value communication with our clients. You will not find the bureaucratic hierarchy or multiple layers encountered in other accounting firms.
Flexibility
Your time is valuable. We work according to your schedule–not ours. We will consult with you on IRS deadlines and will prepare timelines with key target dates for deliverables, so you can achieve quick results and filings. You will always know what to expect from us and when.
Technology
We use Caseware Cloud and Collaborate in a paperless environment with HIPAA compliant portals.
Risk Assessment
Audit risk assessment is the process of evaluating the risk that an audit will fail to detect a material misstatement in an organization's financial statements. This process is a critical part of the overall audit process, as it helps the auditor to determine the nature, timing, and extent of the audit procedures that need to be performed in order to obtain sufficient appropriate audit evidence.
The audit risk assessment process typically involves evaluating the internal controls, assessing the risks of material misstatement, and determining the appropriate level of audit testing based on the level of risk identified. The ultimate goal of the audit risk assessment process is to ensure that the auditor has gathered sufficient appropriate audit evidence to support the conclusions reached in the understanding of risk assessment along audit report.
This translates into an efficient audit for clients, staff, management and Board when doing the audit.
Expertise
Our expertise extends to across a wide range of auditing categories, including:
Employee Benefit Plans
Non-Profit
Annual audit performed in accordance with the requirements of Title 2 U.S. Code of Federal Regulations Part 200 (Uniform Guidance)
Government and Public Sector
Ready to discuss your audit needs?
Contact us today to learn more about how our audit and assurance services can provide you with confidence in your financial reporting.
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