Audit & Assurance
Clients expect auditing services to go beyond the financial statements and to help them escape the deep complexity of financial data and find solid ground.
We welcome the opportunity to serve not only as external auditors and accountants, but also as business advisors.
As part of our commitment to client service, we have developed a business advisory approach to audit services, looking beyond accounting entries to the underlying transactions and business systems. Throughout our audit planning processes, we place substantial emphasis on a thorough understanding of your company’s operations and fundamental business strategies. We focus on your financial statements.
We are also keenly interested in the growth, profitability and overall success of your company.
Our audit approach is designed to offer recommendations about your internal controls, operating and accounting procedures along with other important matters. Communications are frequent, substantive and responsive. We are dedicated to developing a sound communication process with your Board of Directors as well as senior management throughout the year.
We offer the following services:
Audited Financial Statements
We offer a comprehensive examination of your financial statements in accordance with generally accepted auditing standards. In addition to providing a high level of assurance on the financial statements, WSW will obtain an understanding of your organization’s internal controls and recommend changes to these controls if we identify weaknesses.
Reviewed Financial Statements
When an audit is not required, but limited assurance is desired, WSW offers reviewed financial statements that are less comprehensive than an audit. A review consists of analytical procedures and discussions with the company personnel and provides limited assurance that no material modifications are needed so financial statements will conform with generally accepted accounting procedures.
Compiled Financial Statements
WSW offers a compilation report for financial statements that are can be used for both internal and external purposes. A compilation is a report based on information provided by the client and is presented in report form, without any assurance on the financial statements.
Agreed Upon Procedures
When an audit is not required, but WSW will assist your organization with issues or projects that may include auditing specific items on a financial statement, analyzing account balances or activity, documenting internal control systems and processes, preparing forms and/or applications, or other projects in which an organization may need assistance.
Internal Control Reviews
WSW offers an internal control review service that consists of obtaining an understanding of your organization’s internal control process and documenting that process for your review. Suggestions and recommendations that may improve the internal control process are provided throughout the engagement as identified with formal communication at the conclusion of the engagement.