Auditing

CalculatorFor many, the mention of a Certified Public Accountant is typically equated to the preparation of income taxes and the related tax planning.  Though tax is indeed an important part of our practice, our firm was founded in 1946 to also pursue and develop an auditing practice.  We have maintained this focus ever since and have developed a robust audit practice.

 

"Audits" and "Reviews" are terms of art and refer to attest engagements wherein a CPA examines books, records, financial statements, and other business documents for the purposes of expressing an opinion on the fairness of the business' financial reporting and financial statements.   Audits are the more common of the two attest engagements and are applicable to virtually any entity that produces financial statements.  We commonly audit three of the major audit sectors which include: 

Within the "for profit" classification we have experience with a wide-range of businesses.  Some of those include:

  • Closely-held business
  • Manufacturing
  • Retail
  • Service industries
  • Hospitals and health care organizations
  • Automotive

Our experiences in both non-profit and governmental entities are even more diverse.  Some of those concentration areas include:

  • Cities
  • Counties
  • Boards of Education
  • Statutory governments (eg; Regional Commissions and Authorities)

We continually train our staff to be as well-equipped as possible for all of our audit engagements.  We utilize a risk-based approach to planning our audits and work closely with our clients in the planning process to ensure an efficient and effective audit experience.  As a commitment to quality, CLHP is a member of both the Governmental Audit Quality Center and Employee Benefit Plan Audit Quality Center which are sponsored by the AICPA.  Please review our website to learn more about some of our more common industry practice areas and please do not hesitate to call us with questions on any of your audit and attest needs.