Our qualified CPAs examine financial records, transactions, and procedures to ensure your financial statements properly reflect your business at the time of audit.
MBAF's audit professionals are committed to maintaining professional audit standards and quality by working closely with clients to maximize our understanding of their systems and operations. During the audit process, we:
- Obtain an in-depth understanding of all aspects of our client's business.
- Exceed your expectations by assessing risk properly and planning the appropriate combinations of work.
- Maximize efficiency by delivering our audit services on time according to plan and to budget.
- Develop our people by giving them support and opportunities they need to generate value for you.
- Utilize the latest technology and auditing techniques to streamline the audit process.
- Communicate continuously by remaining accessible and responsive to you throughout the audit engagement and pre-empting your needs.
- Evaluate our performance by holding ourselves accountable and constantly identifying areas for improvement.
- Suggest organizational changes to better safeguard assets and to improve internal control systems.
MBAF's audit services are carefully planned and completed on a timely basis. We provide management, vendors, and lenders with reasonable assurance that financial statements are free from material misstatements. Our understanding and attention to detail helps us stay up to date with regulatory developments, and we maintain memberships in the Public Company Accounting Oversight Board also known as the PCAOB and Private Companies Practice section of the AICPA. We pride ourselves on delivering the following services regardless of tight deadlines:
- Financial Statement Audit
- Internal Audits
- Governmental Compliance Audits
- Report on Evaluation of Internal Control
- Special Reports
- Sarbanes-Oxley Act
Types of Assurance Services
Financial Statement Audit
An audit is the most comprehensive examination of your financial records, systems, and statements. It is often required by lenders, investors, and governmental agencies and assures the accuracy of your completed financial statements.
Internal Audits
This function provides an ongoing series of tests that examine controls within an organization and measures if policies and procedures are being followed. It includes recommendations to our clients on best practices based on our experience in the various industries that we service.
Governmental Compliance Audits
Most governmental, educational and nonprofit organizations are required to have single audits, which include both financial, and compliance aspects. Our staff has extensive experience in this type of audit, which includes continuing professional development in this area.
Report on Evaluation of Internal Control
Your business may be required to include a report on Internal Control with your financial statements. We conduct a thorough evaluation of your accounting system and provide you with suggestions for improvement. We can tailor our specific procedures to assist in identifying areas of your operations vulnerable to embezzlement or fraud.
Special Reports
Special reports (agreed-upon procedures reports) provide you with assurance on the accuracy of specific components of a financial statement without having to perform a complete audit.
Sarbanes-Oxley Act
This 2002 legislation is changing the face of audit services provided by independent accountants to public companies. We are fully aware of the issues being faced by public companies and financial institutions in order to be in compliance with the provisions of the Sarbanes-Oxley Act. Our continued recommendations will assist our clients in addressing the requirements of the act.
MBAF is providing companies with services required under Section 404 of the Act by assisting in the documentation of internal control systems enabling executives of public companies to render reports that their businesses have appropriate and effective systems of internal controls.
Key Assurance Services
- Financial Statement Audit
- Internal Audits
- Governmental Compliance Audits
- Report on Evaluation of Internal Control
- Special Reports
- Sarbanes-Oxley Act
