Audit & Assurance Services
Enhance your audit and external reporting experience by working with our experts to make the reporting process as productive and valuable as possible. We employ advanced, modern audit techniques and robust software to supply us with tools necessary to ensure the deepest understanding of your business in the most efficient manner.
Reporting Audit Approach
Our audit approach starts with an understanding of your operations and the unique aspects which differentiate your Association. This approach follows Generally Accepted Auditing Standards (“GAAS”) and includes planning procedures which comprise obtaining an understanding of internal controls, performing risk assessment, preparing the audit plans, and performing analytical procedures. The audit will also test Balance Sheet accounts and invoices, payroll records, etc. to support our conclusion that the audited financial statements are presented fairly, in all material respects. We firmly believe that the audit procedures must include looking at source documents and making sure that all material transactions are properly authorized and categorized.
How We Communicate
Effective communication is our key to exceeding your expectations. We are diligent about maintaining open communication throughout the engagement and the year. Accordingly, we will communicate with you on topics that may be of interest to you as it relates to your financial and business operations and act as your proactive strategic partner in identifying opportunities that may contribute to the future success of your business, Organization or Association.
At MHA, we are proud of our reputation of providing clients with high quality services. We monitor our system of quality control continuously throughout the year and subject our audit and accounting policies and procedures to an independent outside review (referred to as a peer review) every three years as required by our membership in the American Institute of Certified Public Accountants. Our system of quality control is based on the AICPA’s quality control standards. We most recently completed this peer review process in 2019 and received the highest rating available with no comments.
Our Audit and Assurance Services Include:
Audits offer the highest level of assurance to third parties, and include in-depth examination and confirmation of account balances, inventories, and selected transactions. We perform audits for you to remove errors, ascertaining the validity and reliability of your information.
Reviews provide limited assurance to outside interests and involve inquiries and analytical procedures that confirm financial statement matters and identify any items requiring further analysis. We perform reviews to ensure the integrity of your data.
Compilations are usually requested for internal purposes and are based upon information provided by a company’s management. They do not offer assurance but may involve some adjustment to accounting records