We are Audit and Assurance Services Experts.
Cornwell Jackson’s Audit and Attest Services Group works to streamline your operational processes and uncover additional capital to help further expand your business and grow your personal net worth. Our proactive audit methodology allows business owners to focus on the most important priorities while eliminating any unnecessary activities.
We specialize in privately-held and publicly-traded middle-market businesses, with a focus in the construction, real estate, energy, manufacturing, distribution, professional services and technology industries.
Audit services include:
- Employee benefit plan audits
- Private company financial statement audits
- Private company financial statement reviews
An independent audit or review of a company’s financial statements by external auditors has been a keystone of confidence in the world’s financial markets since its introduction. However, when discussing the value of audited or reviewed financial statements with privately held, middle-market business owners and operators, their views might fall more along the lines of obligation to bank terms rather than any true benefit to the business. In fact, industry-focused audit teams can deliver many business insights. With the help of an audit team, business owners can improve controls and operational inefficiencies while gaining a sense of best practices within their industry. An annual audit or review can support proper regulatory reporting and compliance, implementation of accounting standards in a timely manner and improved company KPIs for forecasting.
You’ve worked hard to get your business off the ground. Business is good— so good that you’re ready to trade up from your leased space and build your own building. You’ve met with the bank and they’ve given you preliminary approval on a loan package. But the bank representative says she needs to see your financial statements before she can finalize your loan.
You know that timely, accurate and understandable financial statements are necessary to gauge how well your business has performed and to assess the strength of its financial position. You know that they are the foundation upon which you make important business decisions.
CPAs provide a wide range of services to the public, and auditing is at the core of those services. Since the founding of the American Institute of CPAs (AICPA) in 1887, the Institute and the profession have been committed to achieving the highest level of performance for financial statement audits. As part of the AICPA’s commitment to quality, we are providing this resource to assist your organization in:
- Understanding the importance of hiring a quality auditor to perform your financial statement audit
- Evaluating auditor qualifications
- Implementing the proposal process, including the request for proposal, proposal
evaluation and auditor selection
- Documenting the agreement
Recent Audit Services Articles:
IRS examiners usually do their homework before meeting with taxpayers and their professional representatives. This includes reviewing any relevant Audit Techniques Guides (ATGs) that typically focus on a specific industry or audit-prone business transaction. Auditor Specialization In the past, IRS examiners were randomly assigned to audit taxpayers from all walks of life, with no real … Continue reading Relying on Audit Techniques Guides
After a formal audit, audit rules require a management communication letter presented to the owners, leaders and/or audit committee that outlines control deficiencies. The individual(s) overseeing the audit process will need to confirm receipt of the management letter and sign off on the stated deficiencies and/or demonstrate how they have already been handled in a … Continue reading What Can Business Owners Expect for Follow-up After an Audit or Review?
Let’s look at some of the issues that an audit or review can bring to light for business owners and how it helps owners make better business decisions. Keep in mind that experienced external audit teams conduct multiple engagements each year. The best teams stay up to date on changes in audit or review standards … Continue reading How can an audit or review help business owners?
Contact our Audit Specialist
Call us to arrange an appointment: 972-202-8000 or email us using the links below.
As a Partner in Cornwell Jackson’s Audit and Attest Service Group, Mike specializes in providing a variety of services to privately-held middle market businesses, with a focus in the construction, real estate, manufacturing, distribution, professional services and technology industries.
“DataStarUSA was with a big 4 accounting firm prior to partnering with Cornwell Jackson. The only way to describe the difference is ‘night and day’. We are now working with an organization that provides all the competency of a big 4 firm but with a personal touch. Instead of dreading the annual audit, our staff actually looks to Cornwell Jackson throughout the year as a resource for guidance and consultation on a wide range of accounting issues. Not only are we provided with what we need, we actually enjoy the interaction with the staff at Cornwell Jackson!
-Karen Cassidy, Chief Financial Officer, DataStarUSA