OUR QUALIFIED AUDITORS AND CPAS ARE COMMITTED TO THE HIGHEST STANDARDS OF AUDIT QUALITY AND EFFICIENTLY SCRUTINIZE FINANCIAL RECORDS, TRANSACTIONS, AND PROCEDURES SO YOUR FINANCIAL STATEMENTS PROPERLY REFLECT YOUR BUSINESS AT THE TIME OF AUDIT.
MBAF’s audit and assurance professionals are committed to maintaining professional audit standards and quality. We work closely with our clients to maximize our understanding of their systems and operations. MBAF is a member of the Public Company Accounting Oversight Board (PCAOB) and the Private Companies Practice Section of the American Institute of Certified Public Accountants (AICPA).
An audit is the most comprehensive examination of your company’s financial statements. We provide reasonable assurance that financial statements are free from material misstatements whether caused by fraud or error. Our audits are carefully planned, effectively supervised, and executed on a timely basis.
During the audit process, we:
- Obtain an in-depth understanding of our client’s business.
- Maximize efficiency by assessing risk properly and planning the appropriate amount of work using the latest technology and auditing techniques to streamline the process.
- Communicate continuously and remain accessible and responsive to you throughout the audit.
- Communicate any significant deficiencies or material weaknesses in internal controls relevant to the audit that we have identified at that time.
- Suggest changes we might see that may better safeguard assets and improve internal controls.
- Constantly identify areas for our improvement by evaluating our performance and holding ourselves accountable.
What’s the difference between a review and a compilation?
If an audit is not required, a review or compilation may meet your needs. These are less in scope and cost of an audit.
- Review: a review provides limited assurance that there are no material modifications that need to be made to the financial statements. Reviews are typically prepared for entities that have loans or investors that do not require audited financial statements.
- Compilation: the goal of a compilation is to apply accounting and financial reporting expertise to assist management in the presentation of financial statements without providing any assurance on the financial statements. Compilations can be prepared for small, medium, and large businesses that do not need any assurance.
Our expertise is vast and we’d love to put our knowledge to work for you. Don’t hesitate to contact us now.