SB&F Service Info Center

Audit and Business Assurance

 

Audits are performed for a variety of reasons. While financial institutions, investors, creditors, and regulatory agencies may require your business to provide audited financial statements, you may also desire an audit for assurance that your accounting system is operating properly and effectively.

After an evaluation of internal accounting controls, the confirmation of account balances, and the random testing of financial transactions, the result of an audit is an expressed opinion of whether financial statements are presented in accordance with generally accepted accounting principles and are an accurate reflection of a company's financial condition.

In addition to the auditor's opinion, the professionals at SB&F expand audit services to include the opportunity to affirm your company's strengths and examine weaknesses. Continuity of audit staff and the personal involvement of the Director of Audit Services further enhance your audit experience with SB&F.

Primarily because CPAs are known to be objective and thorough, they are often asked to perform assurance services that are broader in nature than those performed in an audit. Business assurance services provide information necessary for management to make informed decisions. These services include risk assessment, performance measurement, benchmarking and regulatory compliance assessment, and can be applied to financial and non-financial areas of any business. The diverse experience of SB&F professionals gives us the knowledge necessary to provide many business assurance services to assist you in making sound management decisions.