AUDIT / ATTESTATION
GOVERNANCE, RISK & COMPLIANCE
Audit / Attestation services
Your business might go through many changes, but the fundamental expectations for financial statements never change. They must accurately and completely reflect the health of your business so you and others can make important decisions for the future. Let Long & Associates assure the soundness of your financial records with analysis and reporting that helps guide you forward with confidence.
Making sure your records reflect quality information is our goal at Long & Associates. We’ll provide objective analyses to help you minimize costs, improve efficiencies, or launch new programs or processes that keep you competitive and in control. Our assurance services can include:
- Agreed-upon procedures
- Special reports – specific elements of financial statements
- Financial statements preparation
- Internal control review
- Forecasts and projections
An audit provides the highest level of assurance, and Long & Associates approaches this service from a risk-assessment standpoint, and as your financial partner. We work with your management team to audit your organization’s financial statements using specific audit procedures. Technically speaking, an audit seeks to provide only reasonable assurance that the statements are free of material misstatements as well as an assessment of an organization’s internal controls. At Long & Associates, however, we take “reasonable” to a personal level.
A review seeks to provide limited assurance that an organization’s financial statements are free from material misstatements. Still, Long & Associates takes no shortcuts in its approach to this analysis of your financial statements. We assess your company’s industry, business, and awareness of risk, and then use a battery of analytics, relevant research and staff interviews to provide you with this assessment of your financial condition.
A compilation is a routine check-up for your business, and L&A is your trusted practitioner. We gather and summarize your financial data for financial statements or tax preparation. While no level of assurance is provided, you’ll see our commitment to proficiency.
Employee Benefits Plan Auditing
Balancing your goals with those of your employees – and the government – is no small feat. L&A will draw on its long experience in this area to provide you with current and thorough information on all of your options for developing a plan that provides value to all who hold a stake.
Long & Associates specializes in employee benefit plan audits, with our largest clients’ employee retirement plan portfolios representing over $250 million in combined assets. As a member of the Public Company Accounting Oversight Board, L&A services extend to 11-K filings for public companies. Our employee benefit plan audit services cover:
- 401(k) plans
- 403(b) plans
- Money purchase pension plans
- Profit-sharing plans
- Defined contribution pension plans
- Defined benefit pension plans
- Health & welfare plans
- 11-K filings
SSAE-16 / SOC Reporting
For service organizations that have an effect on clients’ financial statements, Service Organization Controls (SOC) reports are becoming increasingly important. Long & Associates excels in helping you meet your customers’ requests for this compliance, or in helping you obtain these reports as a means of providing extra assurance behind your work. From preparing your first SSAE-16 audit, to helping you transition from the SAS 70 environment, to providing full Type I or II SSAE-16 reports, we pride ourselves on creating high-quality, customized reports for your business.
Among our other audit/attestation services:
- Internal control analysis
- Development/implementation of accounting systems
- Selection/installation of accounting software
- Cash flow projections