A-133 Single Audit
The American Recovery and Reinvestment Act (ARRA) of 2009 has significant implications for audits performed under OMB Circular A-133. If you have received funds under the ARRA, you probably know that they come with an unprecedented demand for accountability and transparency and require reporting an unparalleled amount of data.
Accounting Outsourcing & Financial Services
If you need a CFO, or if you are a CFO in need of an accountant, our financial support services team can fill your request. If you need help preparing your financial records or processing transactions, our accounting staffing services team can get the work done in a timely manner providing accurate information. If you need a new accounting system or help with enterprise project management that will take your organization to a new place in its life cycle, we can also help. For instance, we have a team of project management professionals with experience in bankruptcy, accounting, tax, valuation, and systems to help you through the requirements outlined in Financial Reporting by Entities in Reorganization under the Bankruptcy Code (SOP 90-7).
Benefit Plan Audit
Plante Moran has a team of CPAs that specializes in employee benefit audits. The largest plan we audit has more than $22 billion in investments and the largest master trust has $50 billion in investments. Whether your plan is big or small, you can benefit from our experience and dedication to client service. Client surveys conducted over the last three years indicate that we have met or signifcantly exceeded their expectations.
The Enterprise Risk Services (ERS) team includes professionals who have experience working in large, publicly traded companies. They have held positions such as VP, general auditor, financial director of business planning and analysis, and chief audit executive.
Financial Statement Audit
Whether you follow U.S. GAAP or IFRS, or both standards, Plante Moran can provide a thorough and professional audit. You will appreciate our well-designed process and focus on client service. Our audit opinion combined with our good reputation will help assure your stakeholders, as well as tax authorities, banks, regulators, suppliers, customers and employees that your financial statement fairly represents your organization.
The ever-increasing interconnectedness of the global economy and capital markets has accelerated the push for a single set of high quality global accounting standards. International Financial Reporting Standards (IFRS) are used as the primary accounting framework, or are in the process of being adopted, in more than 100 countries throughout the world, including nearly all significant capital markets outside of the United States.
Next year when your organization is filling out Form ADV Part 1 for the Securities and Exchange Commission (SEC), you will have to disclose the name of the accounting firm that conducted your surprise audit. Under recent rule amendments, you now have to have an independent public accountant verify the client funds and securities in your custody once during each calendar year.