AUDIT & ASSURANCE

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Audit Services

The audit services team, assurance services professionals and financial advisors at SD Mayer combine business, market, and technical skills to deliver objective advice and expert guidance to help our clients grow their business, improve their performance, and manage risk more effectively. From assurance to audit services, San Francisco Bay Area and Seattle organizations depend upon our industry knowledge and expertise. We provide external audit, review, and compilation services to a wide range of clients, with a focus on private companies and nonprofit organizations in the San Francisco Bay Area and Seattle. We strive to understand the industries, business environments, and challenges our clients face in order to help them achieve operational and financial successes.

High Quality Audit Services

SD Mayer is registered with both the Canadian Public Accountability Board (CPAB) and the Public Company Accounting Oversight Board (PCAOB). These two boards require us to follow the strictest audit standards in the industry and are a standard measure of auditor competence. Our registration with these firms and our zero percent deficiency rate are a testament to the high quality of our audit engagements.

Add Value to Your Business

At SD Mayer, our audit, assurance and advisory services procedures are tailored to address the risks facing each of our clients and to focus on the areas that matter most. Our goal is not only to provide the desired services to our clients in an efficient way, but also to add value to their business. We help you assess and ensure the quality of information used to make critical decisions, formulate solutions to business problems, and evaluate the financial performance of your company.

Our experts at SD Mayer are available to our clients year round to discuss any areas of concern and to help them interpret and apply the new accounting rules that have the greatest impact on their business. With our audit services, clients receive the most up-to-date information offered in the San Francisco Bay Area and Seattle.

Individuals

Producing quality audits is of paramount importance to the firm. Key to our approach are understanding clients’ businesses, having rigorous internal quality assurance procedures and ensuring the firm has outstanding technical knowledge.

Nonprofits

Expert audit and assurance services tailored to the unique needs of nonprofit organizations. SD Mayer’s history and expertise in nonprofit audit and assurance services can help your organization manage risks, improve practices, and provide meaningful financial reporting.

Public Companies

SD Mayer is a PCAOB registered firm that provides a range of SEC compliance related services to public companies, including tax advisory services, financial audit services and filings for public companies. We are extremely responsive to our clients’ changing needs by keeping up with the latest technical and regulatory compliance requirements. SD Mayer is an experienced firm that proactively helps our clients safely navigate today’s challenging financial environment.

Private Companies

In today’s environment, a private company is often required to perform annual financial audits, reviews or compilations by third parties such as banks, lenders, investors, regulatory bodies, and other financial partners. SD Mayer offers private company assurance services designed to simplify this process and ensure that your organization’s financial statements are correctly and fairly presented.

SERVICES OFFERED

SINGLE AUDITS (A-133 AUDITS)

The Single Audit Act Amendments of 1996 (Single Audit Act) were enacted to streamline and improve the effectiveness of audits of federal awards expended by states, local governments, and not-for-profit entities (referred to as non-federal entities), as well as to reduce audit burden. The Single Audit Act requires these audits, referred to as “single audits” to be conducted by an independent auditor. Single audits have a significant public interest component as they are relied on by federal agencies as part of their administrative responsibilities for determining compliance with the requirements of federal awards by non-federal entities.

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AGREED UPON PROCEDURES

An agreed-upon procedure is a standard a company or client outlines when it hires an external party to perform an audit on a specific test or business process. The procedures, which are called audit standards, are designed and agreed upon by the entity conducting the audit, as well as any appropriate third parties.

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FINANCIAL STATEMENT AUDIT

A financial statement audit is the examination of an entity’s financial statements and accompanying disclosures by an independent auditor. The result of this examination is a report by the auditor, attesting to the fairness of presentation of the audited financial statements and related disclosures.

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REVIEWS, COMPILATIONS & PREPARATION OF FINANCIAL STATEMENTS

Stockholders, creditors, and private investors often need assurance that the financial statements accurately represent the true financial position of a company. Your stockholders, creditors, or private investors have different levels of risk tolerance, so we provide various levels of assurance to meet your needs.

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EMPLOYEE BENEFIT PLAN AUDIT

The Department of Labor (DOL) requires an annual audit of all employee benefit plans with 100 or more eligible participants. This includes pension plans, 401(k) plans and 403(b) plans, ESOPs and others. While time-consuming, the annual audit is an important safeguard against fraud and abuse. With proper analysis, the audit can also help you more effectively and efficiently manage your employee benefit plan.

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INTERNAL AUDITS

An internal audit is the examination, monitoring and analysis of activities related to a company’s operations, including its business structure, employee behavior and information systems. Internal audit regulations, such as the Sarbanes-Oxley Act of 2002, have increased corporate requirements for performing internal audits. Audits are important components of a company’s risk management as they help to identify issues before they become substantial problems, such as attempts to steal intellectual property.

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RISK ASSESSMENT & MITIGATION

Managing risk is a process that assesses a participant’s exposure to potentially harmful situations and develops a plan to prevent such exposure and to address it quickly if it occurs. An assessment of risk is generally conducted as part of the needs assessment and service planning process; it should utilize a person-centered approach.

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PUBLIC COMPANY & SEC AUDIT

An SEC audit is a way for the SEC to ensure that firms comply with the rules and regulations it has set forth. Regular audits are a routine event in the investment business. An SEC audit is considered to be almost inevitable for any investment adviser.

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SOX COMPLIANCE

The Sarbanes-Oxley Act of 2002 was designed to control the record-keeping systems that businesses are required to maintain. The act was passed to combat the slew of financial scandals that were committed by large companies like WorldCom and Enron. SOX controls the record-keeping process for large public companies and ensures that data is kept for a sufficient amount of time. The SOX Act also controls the type of information that is released about customers and shareholders, helping to protect their identity.

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Industries Served

Your niche industry and personalized needs don’t deserve a universal, textbook line of service. With expertise in a wide range of fields, we can devise a custom solution just for you. We offer services and consulting geared towards your organization’s financial development and success. Our passion guides us from the first consultation through solution implementation and follow-up meetings to ensure you receive top-quality advice and service throughout the process.

Based on your business goals, we create a custom plan that taps the powerful resources at SD Mayer to address every one of your concerns. After thorough consultation with your team, we devise a specialized solution that could blend a number of services from our different practice groups.