Audits are specifically aligned with the client’s business functions but go beyond just the financial. Businesses need auditors and advisors who understand their industry, their long-term strategy and any risks that need to be assessed and managed. Businesses need advisors who can interject this knowledge into the audit process.
The audit is undertaken with detailed, agreed-upon expectations to which management and the engagement team are equally committed. These commitments thread through every aspect of the way Morgan & Associates conducts and manages an audit, enabling the engagement team to utilize resources in the most efficient way that provides consistent value-added audit services.
Morgan & Associates has developed the traditional auditing role into a process that helps us gain a deeper understanding of our clients’ needs. Morgan & Associates recognizes that clients expect more than just management letter recommendations after an audit. Our process uses knowledge and wisdom to provide value-added suggestions that help our clients achieve financial and operational success.
Review and Compilation Options
A compilation involves assembling data from your records and presenting it in an appropriate financial statement format. For some businesses, this statement is sufficient enough to meet management needs, as well as the needs of certain third parties.
A review can be a cost-effective way to meet the requirements of third parties (such as lenders). By conducting a review, Morgan & Associates can provide limited assurance about a client’s financial statements.
To do so, we utilize a variety of diagnostic tools, including analytic procedures, inquiries and general miscellaneous analyses of any items which may appear unusual and require explanation.