Audit and Assurance Services
Audit and assurance services require a specialized skill set and the professionals at CAWiggan, CPA LLC possess that knowledge and experience. We offer our services to businesses across a broad range of industries. Whether your situation requires a compilation, review, or complete audit of your financial statements, we will impart the appropriate level of assurance to satisfy the needs of your financial statement users. No matter what services meet your particular needs, rest assured that quality will be our primary objective.
If your business requires an audit, we offer a thorough audit approach designed to assess internal controls and gather adequate audit evidence to support the accuracy of the amounts and disclosures in your financial statements. We will also make recommendations based on findings identified during the audit process to assist in the improvement of your internal controls, risk assessment, business operations or financial reporting process.
If only limited assurance is required, we will conduct a thorough review of your financial statements and advise on any changes that are required for your financial statements to be presented in accordance with generally accepted accounting principles. Our reviews are conducted pursuant to the guidelines in Statements on Standards for Accounting and Review Services (SSARS) issued by the AICPA
Finally, if a basic compilation of financial statements with no assurance is all that's needed, we're ready to assist you with prompt service.
Audit Services, Reviews, and Compilations
CAWiggan, CPA LLC offers the highest level of quality and objectivity in all our audit and assurance services. Contact our Annapolis, MD CPA firm now at 410-972-4583 or request a consultation online.
Financial Statement Audits
Financial statement audits provide users of financial statements with the highest level of assurance under professional standards that the amounts and disclosures in the financial statements are fairly stated in accordance with the specified reporting criteria and considers internal controls relevant to the preparation and presentation of the financial statements.
Operational audits involve the review of any part of your organization’s operations to assess the efficiency and effectiveness of your operations policies and procedures with the objective of determining whether any changes or recommendations can be made to improve your operations.
Compliance audits are conducted to determine whether specific procedures, rules or requirements established by regulatory authorities or terms of contracts and agreements are being applied as proscribed.
Reviews provide the users of financial statements with limited assurance and determines whether any information came to our attention to indicate whether any material modifications should be made to the financial statements to conform to the specified reporting criteria.
Compilations offer no form of assurance to the financial statement user under professional standards and is limited to us presenting in the form of financial statements information that is the provided by management or owners.
Agreed Upon Procedures
An engagement in which a CPA is engaged by a client to issue a report of findings based on performing specific procedures which have been agreed-upon by the parties involved to evaluate a subject matter or an assertion.