Charlotte, NC Monroe, NC CPA / Moyer, Smith & Roller, P.A.

The highly skilled audit team at Moyer, Smith & Roller believes an audit should provide you with great value and insight into your business operations at a reasonable price. When you are looking for a CPA firm that is proactive and engaged, you need to look no further than Moyer, Smith & Roller for all of your internal and external audit needs.

Your audit team understands the benefits of planning and maintaining appropriate staffing levels in order to ensure close and constructive professional relationships with minimal disruptions. We believe the benefits that result from a complete and attentive audit will bring real value to your organization for today and well into the future.

Delivering timely and accurate results begins with a thorough understanding of each business. The audit team works diligently to ask pertinent questions to understand each business’s unique circumstances and risks. We take the time that is needed to understand your goals, your challenges, your concerns and your dreams for your business. 

Throughout your audit, Moyer, Smith & Roller pledges:

  • Proactive communication during all phases of the audit
  • Accessibility and responsiveness to your questions
  • Highest ethical and professional standards
  • Partner level involvement
  • Outstanding value and quality control

Specializing in audit services for:

  • Pension Plans
  • Governments and Towns
  • Nonprofits
  • Franchisors
  • Wholesale Distributors
  • Charter Schools
  • Private Schools
  • Private Foundations

Three levels of assurance are offered to meet your needs:

1.  AUDIT - Highest Level of Assurance

An audit provides the highest level of assurance. An audit is a methodical review and objective examination of the financial statements, including the verification of specific information as determined by the auditor or as established by general practice.

Our work includes a review of internal controls, testing of selected transactions, and communication with third parties. Based on our findings, we issue a report on whether the financial statements are fairly stated and free of material misstatements.

An Audit allows you to...

  • Satisfy stakeholders such as employees, customers, suppliers and pressure groups, as well as the investing community, as to the credibility of published information.
  • Facilitate the payment of corporate tax, goods and services tax, and other taxes on-time and accurately, thereby avoiding interest, penalties, and investigations.
  • Comply with banking covenants.
  • Help identify material company control deficiencies that could result in fraud and error.
  • Facilitate the purchase and sale of businesses.

Here's what you get...

You get the highest level of assurance because we go outside your company to obtain more information. Typically, we'll have written communication with:
  • Your customers, to check outstanding receivable balances,
  • Your banks, to confirm cash or debt balances and terms,
  • Your vendors, to verify outstanding payable balances, and Your attorneys, for information on pending or threatened legal action.
We also perform physical inspections by observing your inventory counting methods and perform test counts. We document and test each operating cycle, including sales and cash receipts, expenses and cash disbursements, and payroll. Our audit papers include a detailed work program to document the examinations and testing performed, as well as the client's supporting work papers.

Audits Not Just for Public Entities

All public companies are required to have an annual audit, but some nonpublic entities must undergo an annual audit as well. These include local governments, not-for-profit agencies and other organizations receiving government grants.

Moreover, some financial institutions require audits of nonpublic companies based on the financing amount and/or the bank's assessment of the company's risk. Also, companies with absentee ownership (such as those owned by investment firms, or individuals who no longer run the business) may order audits as checks of their management teams.

2.  REVIEW - Limited Assurance

Less extensive than an audit, but more involved than a compilation, a review engagement consists primarily of analytical procedures we apply to the financial statements, and various inquiries we make of your company's management team. If the financial statements or supporting information appear inconsistent or otherwise questionable, we may need to perform additional procedures.

A review doesn't require us to study and evaluate your company's internal controls or verify data with third parties or physically inspect assets. Rather, a review report expresses limited assurance in the form of the statement: "We are not aware of any material modifications" for the financial statements to be in conformity with the Generally Accepted Accounting Principles (GAAP). Reviewed financial statements include all required footnotes and other disclosures.

Why might a business request a review engagement? It can be a good middle ground, providing the advantages of a CPA's technical expertise without the work and expense of an audit.

3.  COMPILATION - Lowest Level of Assurance

In compiling financial statements for a client, we present information that is the "representation of management" and expresses no opinion or assurance on the statements. Compilations don't require inquiries of management or analytical procedures. Instead, we rely on our knowledge of accounting principles and a general understanding of your business.

Banks often require compilations from an independent CPA as part of their lending covenants.

Which Report Should You Use?

Each type of financial statement report may suit specific circumstances, depending on requirements from your  bank or other parties, as well as meet budgetary needs.

Complete the form below for a Free Consultation.

Name
Phone
Email
Best Time To Call
Comments