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Is-it-time-to-change-audit-firmsFreed Maxick CPAs, P.C., Western New York’s largest public accounting firm, conducts audits for private, public (SEC), not-for-profit and governmental organizations across Buffalo, Rochester, Syracuse and Albany, New York (NY). Audits can be used to identify ideas to help improve decision making, reduce waste, tighten controls, improve efficiencies and spot trouble before it occurs. Audits act as a communication tool, providing clear, consistent and credible information to banks, regulatory agencies and potential investors.

We have excellent relationships with local lenders and attorneys to further assist you with your long term business planning. At Freed Maxick, we meet with our clients on a consistent basis throughout the year. We provide objective counsel for management and serve as advisors, addressing Freed Maxick’s Audit Processing problems and identifying opportunities.

Our Approach to Audits

An audit shouldn’t interfere with business operations. Thorough planning and proper staffing are imperative to delivering timely results and avoiding costly delays. We further promote efficiency and cost effectiveness in our audit process through the use of the latest technology.

Our approach to the conduct of the audit requires that we obtain an in-depth understanding of the company. The audit is tailored to the specific company’s needs and objectives. This “tailoring” requires knowledge of the goals; major operating policies, regulatory environment and information requirements. Our audits are performed in accordance with a risk-based approach, which is assessed at the engagement level and at the account level. The scope of substantive tests of account balances is determined based upon the interaction between the assessed risk and our planned reliance on internal controls and calculated materiality levels. In addition, through the utilization of data extraction software, we are able to flag financial information from your computerized accounting records to maximize audit efficiency and error detection. This ensures that audit time is utilized most efficiently to render our audit report on the financial statements as a whole. Our audits are performed in accordance with auditing standards generally accepted in the United States of America.

CONTACT US to learn more about our Assurance Services.

ABOUT US: Freed Maxick CPAs, P.C. is Western and Upstate New York’s (NY) largest public accounting firm and a Top 100 firm in the U.S. Freed Maxick provides audit, tax and consulting services to closely-held businesses, public (SEC) companies, not-for-profits and governmental entities in Buffalo, Rochester, Syracuse, Albany and NYC, New York.