Our firm has experienced auditors that understand how to thoroughly conduct an audit. We provide detailed pre-planning meetings anf engagement checklists to help you be as prepared as possible and to minimize staff disruption during the audit. RPB believes a scheduled audit should begin and finish on time unless items surface during the engagement that need to be addressed.
Communication is a key element in our audit process. As an auditor we do not like surprises. We enjoy a smooth, trouble free audit. As a client, we know you expect the same. Accordingly we encourage proactive communications with our clients throughout the year.
Financial audits have become increasingly complex. The government, regulatory agencies and the general public demanded better quality audits. Within the past ten years new auditing standards have been introduced addressing the auditors’ responsibility for identifying and detecting fraud in financial statements. In addition, the recently issued risk-based suite of standards require auditors to obtain a deeper understanding of the audited entity, its environment and its internal controls; conduct a more rigorous assessment of the risks of material misstatement of the financial statements, and improve linkage between the assessed risks, and the nature, timing and extent of the audit procedures performed.
These new standards have radically transformed the way in which audits are performed. Accordingly, clients seeking an auditor must ensure the firm it selects is well versed in the auditing standards.
At Reilly, Penner & Benton we have been predominantly an audit firm for over 100 years. We know auditing.
Our audit services include:
- Financial Statement Audits or Reviews
- Internal Controls
- Agreed Upon Procedures
- Fraud & Forensic Auditing
- Employee Benefit Plan Audits
To learn more, please contact:
Milwaukee – David Grotkin
Madison – Steve Volz