Financial Statement Audits

An audit includes examining, on a test basis, evidence supporting the amounts and disclosures in your financial statements. Audits are generally needed to satisfy a third party request; a bank, bonding agent or someone else, for assurance. Whatever the reason you are looking for an audited financial statement, Dolinka, VanNoord and Company will use its knowledge and experience to satisfy your audit needs and keep your business moving towards achieving its goals.

Reviews and Compilations

Businesses need reviews and compilations for a variety of reasons from satisfying bank and other third party agreements to providing owners reliable financial statements. Reviews and compilations of financial statements help provide accurate and reliable financial statements to the intended reader. Dolinka, VanNoord and Company is more than willing to find the level of assurance your business is searching for and provide that service in a complete and timely fashion.

Not-for-Profit Audits

Not-for-profit organizations often voluntarily submit to an audit of their financial records to provide assurance to potential donors and granting agencies of their financial stewardship and accountability. Organizations that receive over $275,000 in annual charitable gifts from the general public must have a review to satisfy State requirements to maintain their license to solicit charitable contributions. Organizations that receive over $525,000 in annual charitable gifts from the general public must have an audit to satisfy these same State requirements. Dolinka, VanNoord and Company will work with your organization to help you achieve your organizations charitable goals.

Governmental Single Audits and “Yellow Book” Audits

Governmental Agencies and Not-for-profit organizations receiving $750,000 or more in federal financial assistance could be required to have a Single Audit performed in accordance with Governmental Auditing Standards. Federal funding under this threshold could still require a “Yellow Book” Audit, which requires additional auditing procedures beyond normal audits, depending on specifications in the related funding agreements. Dolinka, VanNoord and Company can help you determine the nature and extent of the additional audit requirements.

Employee Benefit Plan Audits

Employee Benefit Plan Audits require special expertise. These audits must be performed in accordance with specific industry standards, IRS and Department of Labor compliance regulations. Generally, plans with 100 or more eligible participants at the beginning of the plan year are required to have an annual audit. The Dolinka, VanNoord and Company audit team is experienced and knowledgeable in the particulars of these audit requirements. Please contact us if you think your Plan may need an audit.

Specialty Audits/Nontraditional Engagements

We can provide several special services in the area of auditing and accounting. We can perform an audit, review or compilation of a specific element of the financial statements or special purpose presentations. We can perform other specific agreed upon procedures, reports on internal control, compliance or non-financial information. Contact us to find out how we can provide the specific service you are looking for.