Your completed audits are valuable management tools. Great professional audits turn an annual stress into powerful instruments.

 

Our audit team evaluates the status of your organization’s management and assesses current procedures and processes to better manage your organization. We give value to your organization by improving your internal controls, mitigating risk factors, and proposing new accounting and audit standards.

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A Custom Plan

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TBFoster's experienced team brings value to your organization with little disruption to your daily routines. We become part of your team throughout the year and are there to discuss issues you face, and to communicate changes in the industry. We are a resource for you throughout the year--not just at audit time.

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Created just for YOU!

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Phases of the Audit Strategy  

 

• Become familiar with unique organizational financial needs and risks; review current financial statements; get acquainted with personnel management.

• Concentrate audit effort on areas of financial statements with a higher risk of material misstatement.

• Assess risks through interviews with management and observation of policies and procedures in action. This phase involves:

         ~Analyzing historical financial trends

         ~Analyzing internal control systems

         ~Analyzing risk fraud

         ~Reviewing completed agreements

         ~Reviewing current accounting documentation                 

         ~Reviewing minutes

         ~Reviewing your website

         ~Understanding how your organization generates income

• Complete financial audits and prepare reports on the financial statements.

• Review all working documents; proof to ensure reports meet professional and TBFoster standards.

• Present the completed audit--financial statements, managerial comments, audit details to the board and the audit committee.

• Communicate with clients throughout the year to discuss audit and accounting issues.