A well-executed assurance engagement entails far more than providing a report on your financial statements. It should provide a better understanding of your systems and a greater opportunity to improve your performance as well as conform with U.S. generally accepted accounting principles.
Your organization will always need to provide third parties with financial information, and an experienced professional can support you to better understand how to economize your operations.
The most efficient and effective engagement starts with a thorough understanding of what drives your business. The core of your audit and assurance engagement is traditional financial reporting services ranging from compilations to audits based on your objectives and the requirements of your creditors, investors, board of directors, and other entities that require reporting by your business.
The following are several ways to achieve success:
- Agreed-upon procedures
These processes also apply to many governmental organizations and nonprofits, which often require audit services for public and private grant requirements and understanding of Yellow Book procedures.
TJS Deemer Dana will approach your assurance engagement through a team effort, pulling on the experience of a range of professionals from our partners down to our staff members, to creatively tailor our approach for the most efficient results no matter which level of assurance you desire.
As part of our value-added services, we are committed to ensuring staff continuity when working with you and your team to provide the most efficient and timely engagement possible.
Commitment to Quality Audits
Quality has never been more important as individuals and business seek the most accurate financial information to make the most informed decisions possible. This is why the American Institute of Certified Public Accountants (AICPA) requires CPA firms offering audit and attestation services to undergo an in-depth peer review every three years to ensure that the highest quality standards are being followed in all phases of audit and delivery. The result of the peer review process is reassurance to the firm’s existing and potential clients that the work your firm produces meets or exceeds established AICPA standards.