Audit and Review Services

Our Expertise and Commitment

Lenders, suppliers, investors, governmental entities or other regulatory bodies often require audited financial statements. These services are the result of the most rigorous tests of your records and procedures. We examine source documents, observe assets and confirm balances with outside parties.  As part of your audit, we develop management recommendations to improve the efficiency of your operations.  We search for ways to strengthen your internal controls.

We recognize that every business is unique, therefore, we form an audit plan tailored to your particular operation and financial reporting requirements. Our focus is both industry-specific and our audit plan will consider the industry in which you are operating, while taking into account the unique ways you operate your business.

At Kent G. Klauer CPA PC we specialize in offering client audit and consulting services for the following industries:

• Credit Unions

• Governmental Units

• Construction Contractors

• Medical and Dental

• Non-Profit Entities

Services

The first step in developing this plan is obtaining an understanding of your business. This includes an understanding of:

• The external forces which impact your business

• Your products, markets, and customers

• Your key business strategies, objectives and business risks

• Your critical business processes, success factors and related performance measures

• How your accounting transactions are initiated, processed, and reported in the financial statements

Recognizing the value of your time, our audit plans are developed with efficiency and relevance as top priorities. We use the latest in computer technology which means procedures are completed in a fraction of the time it takes to perform them manually and, therefore, are less disruptive to your operations. The use of such technology allows our auditors to focus on higher-level analytical and interpretive procedures.

Using this technology, financial information flows smoothly from trial balances into integrated financial statements and analytical review schedules. Financial statements and other reports can be prepared, reviewed and issued on the most timely basis possible.  

Using analytical tools, such as spreadsheets and graphs, your financial information is compared with prior periods and with your peer group businesses to provide business condition insights. Such information is then incorporated into creative and responsive management communications at the conclusion of the engagement, along with any other  insights or suggestions noted in the course of our engagement. 

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