Audit & Assurance Services

Improved Decision-Making & Financial Insights

Strategic Insights

Unlock the strategic decision-making insights that your financial data holds through a collaborative relationship with audit and assurance professionals who understand the nuances of your business and your industry—leveraging data analytics tools, processes, and industry benchmarks to provide you with clarity. With an efficient, risk-based, and practical approach to your audit engagement, you and your stakeholders can feel confident in the story your financial information tells. 

 

Defined Processes and Accountability

Redpath audit and assurance engagements follow a defined process of delivering value where your client manager is held accountable to deliver on our client service promise by spending time with you to proactively identify issues and solutions. Your engagement will be met with on-time deliverables, thorough communication, and a solid understanding of your operations and goals, taking the audit from compliance to business-changing insights.

 

Year-Round Connection

With touchpoints throughout the year—not just during audit season—your client manager and audit and assurance team will discuss financial, accounting, and audit matters that can help with year-end planning, annual audit preparation, and improvements to your processes and procedures. Continual interaction with you also provides an opportunity for our professionals to proactively address areas of concern—reducing the potential for unexpected issues or surprises. This high level of attention means you stay informed and up-to-date with changing regulations, accounting standards, and industry conditions that affect your operations.

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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.

 

Recent Audit Insights

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Compilations, Reviews, and Audits: Understanding the Levels of Assurance
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