Audit Services
Improve operational practices by implementing recommendations identified by Sikich’s Audit Services.
EFFICIENT PROCESSES FOR QUALITY AUDITS
Auditing is more than just verifying numbers. An audit provides unbiased, third-party verification of your results. Audits show where you’ve been and can provide insights to improve accounting and reporting practices. They can reassure investors and other stakeholders regarding your financial reporting practices.
Other assurance services provide lesser degrees of assurance than an audit but may offer the appropriate degree of confidence to the users of your report. Sikich works with organizations across industries and of all sizes to determine what type of assurance services meet your financial reporting needs.
- Give your stakeholders a sense of confidence in your business with audited financial statements
- An audit may uncover areas of inefficiencies or help increase your profit margin by finding line items in your books that just don’t match up
- Knowing where you stand financially with an audit will ease your prep work when it comes to filing taxes
- Maintain compliance with certifications that require audits on a regular cadence
- Financial Statement Audits
- Single Audits
- Yellow Book Audits
- Reviews
- Compilations
- Agreed Upon Procedures
- Title IV Audits
- Service Organization Control (SOC) Reporting
Highlight your strengths and boost consumer confidence with Service Organization Control (SOC) Reports from Sikich.
Maintain compliance with the United States Department of Education, Student Financial Aid, and other governmental regulatory requirements with our Title IV audit expertise.
Service Overview Financial Reporting
Though we have consolidated financial statements for NACDL and the NACDL Foundation for Criminal Justice, they are two separate entities, and the Sikich team serves both of them. There is a high level of complexity in our operations because we have a vast array of both private and government funding that support both our corporate and foundation initiatives, and the Sikich team is instrumental in making sure all financial and accounting processes of our entities run smoothly.”
AUDIT SERVICES TO MEET YOUR BUSINESS NEEDS
As with Single Audits, an audit in accordance with Government Auditing Standards (the Yellow Book) is generally performed for not-for-profit organizations and governmental entities when certain requirements have been imposed. Under a Yellow Book audit, we will render an opinion on compliance and internal control over financial reporting using audit procedures as defined by Yellow Book guidelines.
Compilations are used when organizations need to gather and present financial information but do not need assurance that financial statements are accurate. Sikich offers monthly, quarterly, and annual compilation services. Compilations provide assistance in the presentation of financial information but do not provide assurance.
Focus on Your Growth As We Help You Meet Title IV Compliance
All for-profit schools participating in Title IV aid programs must submit compliance and financial audits to the U.S. Department of Education on an annual basis, and our Title IV experts can help.
Related Insights
EXPERT AUDIT SOLUTIONS FROM SIKICH
Audits are often sought to meet financial reporting requirements, but they provide much more than that. Audit procedures and the process itself can help organizations assess risk, uncover internal management issues, and provide insights and information that can be used to address business challenges and direct future plans.
Sikich’s audit services and assurance solutions provide the information you and your stakeholders need. Contact us to learn more about our services and solutions and how they can help your business position itself for success.
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