Audits | Clark Nuber PS

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Audits

Beyond the Numbers

Financial Statement Assurance, Audits and Compliance

Clark Nuber approaches financial statements not simply as snapshots of your business 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:

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

Employee benefit plan audits

Our clients and referral sources tell us that our employee benefits audit team consistently delivers superior service for competitive fees compared to 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.

In particular, 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 have audited have subsequently 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.

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 putting the pieces of your financial picture together when the pieces are not there or are 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

Decisions about internal controls that seem minor in the moment 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.