Audit and Assurance
Whether you are a business owner, investor or executive, the state of the company’s financial records is of utmost importance. The assurance services provided by the professionals at The LBA Group allow you the ability to make more informed decisions, mitigate your financial risks and promote a healthy business to lenders and/or investors.
Our Assurance Services include:
Financial Statement Audits, Reviews & Compilations
Almost every organization — whether it’s a privately held business, a publicly owned corporation, or a not-for-profit organization — must prepare reports on its financial performance. Such reports help owners and managers make operating decisions, enable creditors to evaluate loan applications, and provide individuals with information to make investment decisions. Read more.
Agreed Upon Procedures
There are times when only specific files, processes and/or accounts are selected for testing by an external auditor. When this is the case, the professionals at The LBA Group perform Agreed Upon Procedures. These procedures allow us to focus on one or more specific areas versus the compliance requirements of a full financial audit. Read more.
Audits of Employee Benefit Plans
What is your company’s greatest asset? Ask ten companies and there is a very good chance that all ten will say “our people.” Companies know that benefit plans are essential to attracting and retaining key employees, yet the Department of Labor has reported that up to 75% of all benefit plan audits are deficient. Read more.
Governance, Risk and Compliance Services
The changes wrought by the compliance requirements of the Sarbanes-Oxley Act of 2002 (SOX) have by and large been well sorted out by public company filers. Savvy boards and management now look well beyond pure compliance as they consider their ongoing Governance, Risk and Compliance (GRC) efforts and budgets.
Sorting out the organization-specific GRC landscape, developing the organization’s GRC objectives, determining the appropriate path to take to meet those objectives, and prioritizing the efforts of deployed resources is a complex process. Navigating the process and adding maximum value to the organization requires high levels of coordination, clear and consistent communication and reporting protocols that provide for timely decision-making. Read more.