Audit, Reviews and Compilations

Audits

Bober Markey Fedorovich provides traditional audit services with nontraditional methods. An audit's main purpose is to render an opinion about whether financial statements are fairly stated – that is, all significant financial information is included. Our audit approach focuses on the most important areas of a company’s financial statements, which increases the audit's effectiveness and allows us to focus on areas that are most important to your success. 

Practice Highlights

  • Member of PCAOB
  • Member of AICPA Audit Quality Center, AICPA Employee Benefit Plan Audit Quality Center and AICPA Governmental Audit Quality Center
  • Advanced accounting research technology
  • Use of data extraction and paperless software
  • Accredited specialists including:
    • Certified Fraud Examiners
    • Certified in Financial Forensics
    • Certified Valuation Analysts
    • Accredited in Business Valuation
    • Certified Payroll Professional
    • Five Masters of Accounting
    • Intuit's Quickbooks Certified Advisor

PCAOB  Inspection and Peer Review Report

  • Unqualified opinion with no letter of comments on our most recent Triennial Peer Review Report
  • Unqualified opinion with no letter of comments on our PCAOB inspection that took place in 2005

Also see employee benefit plan audits


Reviews
A review of financial statements provides some assurance that nothing came to our attention as a result of a set of inquiries that we perform. (One example of an inquiry is questioning the inventory-taking process and the methods used to evaluate those inventories.) However, unlike an audit, a review does not actually test representations by management.  Even though the required procedures of a review are far less thorough, what doesn’t change is the amount of input and management recommendations we provide as a result.

Compilations
We provide compilation services for companies who are looking for an outside perspective on the story being presented through their financial statements. Though no assurances are provided on the numbers, our input on the apparent health of a company, compared to others within its industry, can provide valuable information to management.

 Practice LeadersJames E. Merklin, partner
Cindy S. Johnson, partner