Audit Tidbits

Posted October 26, 2018 / No comments

Every year, your audit firm will conduct a fresh risk assessment before the start of fieldwork. Why? Because your auditor wants to mitigate the risk of expressing an incorrect opinion regarding the accuracy and integrity of the company’s financial statements. Inadvertently signing off on financial statements that contain material misstatements can open a Pandora’s box

Posted February 1, 2015 / No comments

How to Choose the Right Auditing Firm for Your Organization Annual financial statement audits are required by the Illinois Attorney General every year for non-profit Organizations that receive over $300,000 in gross receipts per year. Additionally, most governmental entities are required to have an annual or tri-annual audit of their financial statements. Your Organization’s relationship