Audit & Assurance Services

Improved Decision-Making & Financial Insights

 

Audit & Assurance Services

Financial Statement Audit

Your audit and assurance team will examine the financial statements of your organization to express an opinion on whether they are presented fairly in accordance with generally accepted accounting principles (GAAP) or another applicable financial reporting framework.

Review

A review includes the performance of analytical procedures and inquiries to obtain limited assurance on the financial statements. A review does not involve obtaining evidence through testing of transactions or controls—which is a lower level of assurance than an audit. 

Compilation

In a compilation engagement, your assurance team works with your management team to prepare financial statements without providing any assurance on their accuracy or compliance with GAAP.

Agreed-Upon Procedures (AUP)

An agreed-upon procedures engagement is tailored to meet the specific needs of all parties involved. Procedures performed can vary significantly depending on the needs of the end users of the report, providing flexibility and targeted analysis over specific subjects.

Compliance Audit

A compliance audit assesses whether your organization is complying with laws, regulations, contracts, or internal policies and procedures—which may be required by various stakeholders including regulatory agencies, lenders, or investors. 

Employee Benefit Plans

A benefit plan audit helps fulfill your fiduciary responsibilities—and ensures you’re complying with laws and regulations like the Employee Retirement Income Security Act (ERISA). Protect your plan participants and protect yourself from scrutiny from the Department of Labor (DOL). Your plan's financial statements and internal controls will be carefully examined for accuracy and any mismanagement that could put your plan’s benefits at risk. 

FAR Audit (indirect cost rate)

If you are a contractor or subcontractor who works with the federal government, you may need a Federal Acquisition Regulation (FAR) audit to assess your cost compliance, adherence to contracts, internal controls, and subcontractor oversight. Your Redpath team is equipped with the industry and regulatory expertise to perform a quality and efficient FAR audit, while providing expert guidance and support to ensure continued compliance.

 

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