|
Services
Accounting & Bookkeeping Audit Business Development & Consulting Business Valuation Controllership Services Estate & Trust Planning Financial Statements & Review Forecast & Projection Forensic Services Information Technology Investment Advisory Litigation Support Tax Services About RLH History Principals/Partners Locations Employment RLH Information Resources Contact RLH Home Page |
AuditWhat exactly is an audit?
An audit is the application of procedures that enable the auditor to "obtain reasonable assurance about whether the financial statements are free of material misstatement. An audit includes examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements. An audit also includes assessing the accounting principles used and significant estimates made by management, as well as evaluating the overall financial statement presentation." Why does my organization need an audit? Audits are often required by regulatory bodies, lenders or grantors to give them assurance that the financial information on which they base their decisions is materially accurate. However, the organization itself can also enjoy the benefits of a high quality audit. Why should you choose Rager, Lehman & Houck to be your auditors? Commitment to Excellence - We devote considerable time and resources to train our team in the application of the most up-to-date audit standards and in the creative design of audit procedures which will result in an audit plan best suited to your organization. Our peer reviews have demonstrated that commitment to excellence in that all of our peer reviews have resulted in unqualified reports, and most, including the most recent, have had no letters of comments - a status very few accounting firms are able to achieve. Involvement of experienced personnel - Our partners and managers will be actively involved in the performance of your audit, from the early stages of planning through the delivery of the final product. Each aspect of the audit is reviewed by an individual possessing the appropriate level of expertise to ensure its accuracy. Customized audit approach - We take pride in our ability to customize our audit programs for each of our clients based on the high level of information that we obtain through various risk assessment procedures. As a result of our risk analysis, we will focus our audit effort in the important, high risk areas and minimize our time in the low risk areas ensuring you of a cost effective and efficient audit. Interaction with client personnel - We get to know you and your systems by interviewing individuals within all levels of your organization, from the governing body to the personnel performing the day-to-day operations. We also observe your procedures in practice. This provides us with the information necessary to assess the risks within your organization as well as the opportunities and challenges which you face every day. Client self-awareness - Our inquiries will encourage you to delve deep and evaluate your controls and the assignment of tasks to those within your accounting department. It has been our experience that there is more involvement of the board of directors and others within upper management because of our questions and thought-provoking inquiries about their objectives and business strategies. Please contact the following to discuss your needs. Wanda Lynn (wanda.lynn@rlhcpa.com) (410) 876-3990 Harriet Gillan (harriet.gillan@rlhcpa.com) (410) 876-3990 |
