Audits | Clark Nuber PS

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Audits

More than Just Compliance

Clark Nuber approaches financial statements not simply as snapshots of your organization at a given point in time but as resources that tell you where risks and opportunities lay. We offer four different levels of financial statement assurance:

  • Agreed-upon procedure: looks at only specific pieces of a financial statement or control system, usually to fulfill the request of a bank or other financing source.
  • Compilation: the compiling of financial information into a formal financial statement, without verification of or opinions about the resulting document.
  • Review: provides limited assurance and includes analytical procedures, inquiries and industry-wide comparisons.
  • Audit: provides the highest level of financial assurance by requiring outside confirmation of information and testing of transactions.

Private Foundation Audits

While private foundations are not generally required to be audited, founders or boards who want to know that funds are being managed and spent appropriately and that internal controls are up to the latest standards increasingly request audits. Clark Nuber can help you prevent mismanagement or fraud while maintaining all necessary confidence and discretion.

Not for Profit Audits

As the largest provider of audit, accounting and tax services to not-for-profits in Washington State, we're linked to excellent information resources for not-for-profit organizations and can provide valuable consulting services to your organization. Most funding sources and boards of directors require annual audits, including arts and recreation organizations, associations, public and private foundations, healthcare and social service organization, life science research institutes and churches. We provide financial statement, government "yellow book" and A-133 "single" audits for all types of not-for-profit organizations.

Employee Benefit Plan Audits

Retirement plans have been a hot-button issue for years, resulting in increased IRS and Department of Labor oversight. The employee benefits audit team at Clark Nuber can give you peace of mind. A number of plans that we audited have been subjected to random IRS audits and all have successfully passed. In several of these situations, we served as a liaison to the IRS auditor during the audit process.

Our benefits audit team consistently delivers superior service for comparable or lower fees than virtually all other service providers in this specialized area. Our auditors are equipped with the latest training and technology-driven audit tools. The service includes dedicated executive leadership to ensure that our clients receive timely service and value-added contributions to the overall administration of the plan.

Forensic Accounting

Whether you have been victimized by fraud or theft or have just let the records get a little out of control, we can help. Forensic accounting consists of your financial picture together when the pieces are missing or disorganized. We work to reconstruct the financial records to identify and quantify what has happened or what went wrong. Then, we put the financial reporting back on course to move forward or to serve as a basis for claims resolution.

Internal Control Reviews

Apparently minor decisions about internal controls can drastically affect the success or failure of a business, sometimes years down the road. Grant compliance, valuation, vendor and customer relationships and strategic flexibility are all affected by how you choose to monitor finances and regulatory compliance inside your organization. Clark Nuber can help you identify and solve potential problems before they compromise the health of your business.