Audit Services with Integrity and a Commitment to Quality
The audit is the highest level of financial statement assurance a CPA can provide. When an audit is required either for a regulatory requirement or to satisfy a third party, you need fair and ethical judgments from experts who know your industry. You deserve the benefits of our extensive technical knowledge, stringent attention to detail and our commitment to quality.
At Buchbinder, we understand financial statement audits. Whether you are an employee benefit plan, non-profit organization, labor union or privately held and family-owned business, our team of professionals will provide you with an audit opinion on your financial statements to move forward with confidence. We serve clients in New York, New Jersey, Maryland, Virginia and Washington, D.C., as well as throughout the United States.
Audit is Our Business
The purpose of an audit is to provide financial statement users with an opinion on whether the financial statements are presented fairly, in all material respects, according to an applicable financial reporting framework such as Generally Accepted Accounting Principles [GAAP]. Banks often require audit services for loans, and we can be engaged to provide audit services for governance reasons and for due diligence purposes. Audit services are also needed for many regulatory requirements, including:
- Employee benefit plans subject to the Employee Retirement Income Security Act's [ERISA] audit requirement
- Charities subject to state audit requirements
- Trade organizations requiring an audit in accordance with its constitution or bylaws
- Charter schools filing with a state regulatory body
- Single audit requirements for entities expending in excess of $500,000 in federal awards
What We Do and Who We Serve
We offer a number of audit and assurance services, including:
- Financial statement audits
- Compliance audits
- Single and yellow book audits
- Reporting on controls at a service organization (SOC 1)
We serve a variety of clients such as:
- Privately held and family-owned businesses
- Non-profit organizations
- Employee benefit plans
- Labor unions
- Third party administrators
Audits don’t have to be a necessary evil. Our audit professionals at Buchbinder take the pain out of the process. We will meet with your company or organization’s management team, the controller and your accounting department to gain a thorough understanding of how you run your business. We will work with your schedule to find a time that best accommodates you.
We will evaluate the financial statements, internal control structure, and computer systems used to generate financial information. In response to any identified weaknesses and risks, we develop audit procedures to reduce the risk of material misstatement to an acceptable level. Additionally, we make recommendations based upon our findings. When our professionals express an opinion, we have reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error.