Audit and Review Services
You can rely on a Walker & Armstrong audit of your financial statement to satisfy the scrutiny of lenders, investors and regulators.
Walker & Armstrong is a recognized leader in performing quality and timely audits for a wide variety of industries, not-for-profit entities, and state, tribal and local government entities.
WALKER & ARMSTRONG AUDIT LEADERS
OUR STAFFING OF AUDIT ENGAGEMENTS
Our staffing of audit engagements involves careful selection so individuals assigned have the required knowledge and industry expertise and more:
- We strive to provide staffing that best fits your individual needs.
- Our professional audit staff receives extensive training in audit methodology that rivals larger regional and national firms.
- Walker & Armstrong audit partners take a hands-on approach by being actively involved with each audit engagement. Staff work papers are reviewed in a timely manner so matters of audit significance are identified and resolved in a timely manner.
Our approach to audits is based on our assessment of risk in accordance with generally accepted auditing standards, and we carefully evaluate each entity. Our methodology, while standardized in a manner to achieve audit efficiency, is not based on a “cookie cutter” approach; rather, we tailor each engagement to achieve optimum quality, effectiveness and value.
PRACTICAL RESOURCES FOR NOT-FOR-PROFITS
OUR AUDIT AND REVIEW SERVICES
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Forensic Accounting and Investigative Services
On many occasions, we have been retained to investigate matters of interest to governing bodies, management and funding agencies. Using audit and fraud detection skills, our experienced forensic accountants use sophisticated methods to perform our services and produce quality reports and recommendations.
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Audit Technology
We utilize the latest state-of-the-art technology, and all work papers are digitally maintained and transferrable in a secure and confidential manner. In addition, we use the same technical research software as an international “Big 4” Firm that provides us with the latest technical for-profit, nonprofit, governmental and benefit plan guidance.
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Agreed-Upon Procedures
In addition to audits, we also perform agreed-upon procedures engagements in accordance with attestation standards, which include specified financial statement elements and management’s assertion on internal controls. We also perform MAS Court audits for various Arizona courts.
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Reviews and Compilations
We perform review engagements for several privately held companies, not-for-profit entities, and tribal and local governments. Less extensive than an audit but more involved than a compilation, a review engagement consists primarily of analytical procedures we apply to the financial statements, and various inquiries we make of your company’s management team. A review can provide the advantages of a CPA’s technical expertise without the work and expense of an audit.
In addition to reviews, we perform compilation engagements. In compiling financial statements for a client, we present information that is the “representation of management” and expresses no opinion or assurance on the statements. Compilations do not require inquiries of management or analytical procedures. Instead, we rely on our knowledge of accounting principles and a general understanding of your business.
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Due Diligence
The services of independent CPAs are critical in assessing business acquisition and merger possibilities. Using our audit and accounting skills, we provide a critical function to assist with such decisions.
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AICPA
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