Audit & Assurance
Freed Maxick delivers quality assurance services to help you spot hidden opportunities or potential trouble areas in a manner that’s collaborative. We operate at the highest level of integrity and objectivity and demand compliance with the profession’s ethics and independence standards. That’s easy to say, of course, but our record confirms it and has for more than 55 years.
Our Assurance Services include:
- Agreed Upon Procedures
- Bankruptcy Accounting and Reorganization Assistance
- Compilations and Reviews
- Employee Benefit Plan Audits
- SEC Reporting
- Service Organization Control Reporting | SOC Reports | SAS70 | SSAE16 Audits
A well-executed audit 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.
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.
Our approach to auditing requires that we obtain an in-depth understanding of the organization. The audit is tailored to the specific company’s needs and objectives. This requires knowledge of the goals, major operating policies, regulatory environment and information requirements. 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. To view our most recent peer review results, click here.
Compilations & Reviews
If you have assurance needs that don’t require an audit, we can provide either a review and compilation. A compilation is limited to presenting information that is the representation of management in the form of financial statements and supplementary information and accordingly we do not express any degree of assurance on the statements.
In a review of a company’s financial statements, we express limited assurance that there are no material modifications that should be made to the financial statements. A review consists principally of inquiries of company personnel and analytical procedures applied to financial data. We provide these services to closely held businesses where the assurance provided to third parties as a result of the audit process is not required.