AUDIT - TAX- FRAUD - FORENSIC
Kruse CPA PC's experienced, seasoned audit staff understands that in order to perform a quality financial statement audit, it is necessary to go beyond the accounting entries to the underlying operations and activities that give rise to them. Each audit team is strategically assembled to include industry savvy professionals with familiarity to like practices and operations. Our auditors all have over 10 years of audit and public accounting experience. We never send you new graduates to perform audits.
Throughout the engagement, partners and managers are actively involved in the planning and execution of the audit, providing clients with a direct line of communication to the individuals most familiar with their business and their audit.
Our financial statement audit procedures are tailored for each engagement, and include obtaining an understanding of the accounting system and confirming assets and liabilities with financial records, transactions and invoices.
At the completion of the audit, Kruse CPA PC will issue financial statements that have been prepared in accordance with the generally accepted accounting principles (GAAP) and which will contain all required disclosures. We will include an opinion on whether or not your financial statements are presented fairly in accordance with generally accepted accounting principles.
At Kruse CPA, we view the audit as an opportunity to building and developing a long-term relationship based on communication, trust and insight. We use the knowledge gained from the audit process to advise our clients on increasing efficiencies and identifying new ways to grow their business.
To learn more about our financial statement audit approach and process or to discuss your needs with our audit professionals.
FINANCIAL STATEMENT REVIEW:
At Kruse CPA PC, we focus on quality, service and industry knowledge, and assemble every financial statement review team with these principles in mind. Each engagement team consists of a partner, manager and a team of professionals, with a deep understanding of financial statement review requirements and industry familiarity.
Though financial statement review procedures are less in scope than the procedures performed for an audit, our effort, planning and professionalism for these engagements remain at a high-level and focus on timeliness and efficiency.
Our financial statement review procedures include:
Analysis of account balance changes through analytic procedures
Computing ratios meaningful for the company’s industry
Inquiries of management
Upon completion of our financial statement review, our report will state that we have reviewed the financial statements in accordance with standards issued by the American Institute of Certified Public Accountants (AICPA), and whether or not we are aware of any material modifications that should be made to the financial statements.
In an agreed-upon procedures engagement, we perform specific procedures to assist our clients or other specified parties in evaluating certain subject matter, or assertions about subject matter, based on their needs. Our clients or specified parties agree on the procedures to be performed, and take responsibility for the sufficiency of those procedures for their purposes. We report on the results of applying agreed-upon procedures in the form of findings; we do not perform an examination or a review, nor do we provide an opinion.
The agreed-upon procedures are applied to the subject matter using the criteria selected. In an agreed-upon procedures engagement, responsibility for the nature, timing, and extent of procedures lies with the client or other specified parties.
The subject matter for an agreed-upon procedures engagement may take many forms and may be as of a point in time or for a period of time. Examples of agreed-upon-procedures engagements include: