Audit, Review, Compilation, Examination, and Agreed Upon Procedures for Not-For-Profits, Governmental, and For-Profits
Walters & Associates, CPAs approach provides the maximum return on your investment in the audit process through analysis of your financial statements, internal controls, and overall business.
We use a risk-based auditing approach to identify areas of potential risk that could lead to the misstatement of financial statements. The first step of our approach is to obtain an understanding of operations and the internal controls within the accounting/finance activities. Our audit programs are then tailored for each client.
At the end of the audit, we prepare a management letter that describes any internal control weaknesses, with specific recommendations for operation and efficiency improvements. You can expect timely, thorough, efficient, and cost-effective engagements, provided by a team of CPAs with relevant industry experience, and minimal disruption to your accounting and finance staff.
Walters & Associates CPAs Certifications
AICPA Peer Review
As a member of the AICPA, Walters & Associates, CPAs is required to undergo a peer review every three years. This independent evaluation of our accounting and auditing practice helps us monitor and promote quality in the services we provide to you, our valued clients.
Walters & Associates, CPAs had its latest peer review in November 2018, and received an unqualified opinion.
PCAOB
Our Firm is a member of the Public Company Accounting Oversight Board (“PCAOB”). The PCAOB is a private-sector, non-profit corporation, created to oversee the auditors of public companies in order to protect the interests of investors and further the public interest in the preparation of informative, fair, and independent audit reports. Many accounting firms choose not to become members largely because of the quality control standards imposed by the PCAOB. These standards are rigidly enforced by the PCAOB’s review process.
AICPA Employee Benefit Plan Audit Quality Center
As a member of the Employee Benefit Plan Audit Quality Center, we’re committed to performing the highest quality employee benefit plan audits possible. The Center requires members to: designate a partner to be responsible for our employee benefit plan audit practice, establish quality control programs, perform annual internal inspection procedures, and participate in a peer review program.
We receive timely information from the Center on a variety of technical, legislative, and regulatory subjects that we can then apply to our clients’ employee benefit plan audits to help ensure that they are in compliance with the appropriate standards and changes in regulation.
