Financial Statement Audit
We believe the audit should function as more than a historical compliance activity — it should provide ideas and suggestions to improve accounting procedures and internal controls. Our process includes discussions with you to review your financial statements and the insights they contain – all to help you balance risk, value, and cost.
When we audit your organization’s financial statement, you benefit from our thoroughness and professionalism as well as our focus on client service. Our reputation, and our respected audit opinions help you assure stakeholders, as well as tax authorities, banks, regulators, suppliers, customers, and employees that your financial statement accurately represents the state of your organization.
Our team of specialists knows the challenges and business risks facing your industry and takes the time to listen to your organization's unique concerns. Depending on the needs you've identified, we also offer clients other attest services, including reviews and compilation. We can also assist with performing specified procedures, limited use reports, and procedures in relation to parent company reporting packages.
Navigating changing regulations
Plante Moran audit quality and transparency report
Revenue recognition roadmap
Financial Statement Audit Thought Leadership
Revenue recognition: The longer you wait, the less you knowAre you wondering how your company will be affected by the new revenue recognition standards? Join our webinar now to learn more about the new standards and what changes you can expect in your day-to-day operations
Are we ready for principles-based revenue recognition?Many questions are arising about the new standard and its impact — even before it goes live. One point is certain: Things will look much different than they do today.
Good news: Testing for goodwill impairment just got simplerIf your company recently purchased another entity, it likely has goodwill on its financial statements. We expect many companies to early-adopt recently issued accounting guidance to take advantage of reduced complexity, time, and costs in applying the goodwill impairment.
AICPA proposes revised ethical standards for CPAs in businessAre you an AICPA member who isn’t working in public accounting? The organization is seeking comments on proposed ethics rules.
The FASB issues final standard relating to the financial instruments–impairment project (CECL)The new standard is arguably the largest change in accounting for financial institutions in more than 30 years. Here are the effective dates you need to know.
New FASB standard for nonprofits' presentation of financial statementsWith proposed changes to the FASB standards for nonprofits’ financial statements, are you worried about being in compliance with the new rules? Join our webinar to understand the proposed regulations and how they could affect you.
A new era for lease accounting. Are you prepared?FASB’s new lease accounting guidelines have a lot of companies unsure how to react. The rules affect everything from financial metrics to debt covenants — even the fundamental choice to lease or buy. Here’s what you need to know.
Five things you need to know about partnership audit rulesBig changes lie ahead for partnerships subject to these rules, likely including more frequent IRS audits.
Our clients say
Plante Moran accountants always provide us with useful and innovative recommendations. They have gone beyond just validating our financial records by suggesting ways to contain our transportation costs and better manage risk. They offered us successful approaches to our complicated tax issues and served as trusted advisors during an ownership change. We have learned to depend on them for expertise to enhance the value of our companies.
Our audit specialists are committed to streamlining the audit process to minimize disruption in your offices. We utilize proven tools, a structured methodology and effective technology to streamline the audit process to provide a smooth, efficient audit. Our low staff turnover means you’ll see many of the same faces on your audit year after year, and you won’t have to spend time answering lots of questions.
We view our role as one of advisor as well as auditor, working with you throughout the year to address technical matters and challenges. Our audit professionals will understand key indicators on your financial statement, and are able to benchmark your operation against others in the same industry and suggest opportunities for efficiencies and savings. They also suggest ways to improve controls to ensure the quality of the information your accounting system generates and that you depend on to make important day-to-day decisions. And they will help you interpret the financial information which is so important as you develop plans for the future.