At Prager Metis we understand your audit is more than just numbers and compliance. Our experts work closely with you to understand your company, your industry and your world including your internal controls to help ensure you get the most valuable information from our services. By utilizing our risk-based audit approach, combined with our proactive communication, we are able to shift our focus from examining the quality of the financial statements to building quality into the financial reporting process.
Audit reports include customized reviews, analyses, audited financial statements, and recommendations for improving controls, systems, and costs. All examinations are completed in strict accordance with the generally accepted auditing standards (GAAS) of the American Institute of Certified Public Accountants, as well as Prager Metis’s own internal controls.
A review may be performed when a less extensive degree of assurance is acceptable yet the business wants to know that some form of financial statement analysis has occurred. The purpose is to provide you with a limited degree of assurance in a statement to conform with the Generally Accepted Accounting Principles (GAAP).
A compilation entails gathering data into an acceptable financial format. We express no opinion or assurance of the statement. It requires no inquiry of management and instead relies on our accounting expertise and knowledge of your business.
At Prager Metis our experienced professionals can help you determine which level of assurance you will need whether it be a review, compilation or a full audit of financial statements.
Audit Services Include:
- Audits, Reviews and Compilations of Financial Statements
- Closely Held Companies
- Employee benefit Plan Audits
- SSAE 16/SOC 1 (formerly known as SAS 70)
- Yellow Book Audits
- Inventory Preparation and Evaluation.
- Internal Audits
- Technical Systems Evaluation