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Accounting, auditing, tax and management consulting services for individuals and closely held businesses

Auditing and Attestation 


Auditing and Attestation

Financial auditing. The auditor's objective in a financial audit is to render an opinion on whether the information appearing in a set of financial statements is presented fairly in conformity with generally accepted accounting principles (GAAP). We provide financial statement audits for Private Companies, Non-profit Organizations and Condominium Associations.

Forensic accounting. The objective of a forensic accounting engagement is related specifically to the issue defined by you, the client. The client defines a specific goal, such as to calculate the value of a loss or to investigate and quantify the value of a potential theft or embezzlement of funds or other assets.

Fraud auditing. The objective of a fraud audit is for the auditor to assess the likelihood that fraud will be detected or prevented in a corporate or regulatory environment. Typically this assessment is made by reviewing existing controls to prevent and detect fraudulent transactions. Recommendations to implement procedures to detect or prevent fraud may also be made. Fraud audits are usually conducted on a proactive basis, and should not be confused with fraud investigations which are conducted after the fact. We believe the best way to prevent a fraud from occurring within your business or entity is with a pro-active fraud audit.

Our firm uses certain examination techniques similar to those used in financial audits but the objective of these procedures is quite different. Forensic accountants may be involved in both litigation support (providing assistance on a given case, primarily related to the calculation or estimation of economic damages and related issues) and investigative accounting (looking into illegal activities).

Forensic accounting procedures, for example, may examine a trail of paperwork to corroborate the calculations needed to meet the specific goal of the engagement. Ultimately the objective for hiring the forensic accountant is to use the accountant's conclusions to facilitate a settlement, claim, or jury award by reducing the financial component as an area of continuing debate.