AUDIT & ASSURANCE
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, Professional, Timely 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.
We Understand Your Organizational Needs
When SD Mayer performs an audit, a critical step is understanding our client’s operations and the unique factors which differentiate your company. We develop a thorough understanding of your activities, operating systems, personnel and special needs. We use this information to plan a complete but efficient audit; areas which require more attention are identified and unnecessary or redundant procedures are eliminated. Our team ensures that all aspects of the organization is scrutinized to ensure fiscal health of the organization. We have tailored our approach based on our advanced understanding of nonprofits, startups and public & private companies, audit requirements and the unique needs of your specific organization.
Problem Solving & Open Communication
In order to meet and exceed your expectations, we are diligent about maintaining open communications throughout the entire engagement. In our experience, this results in a more effective engagement. Further, we believe in maintaining a relationship with our clients all year long rather than just during the engagement. We aim to be your trusted financial advisor, and we encourage all of our clients to come to us with any and all of your financial and business needs.
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
Nonprofits
Public Companies
Private Companies
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
THE TEAM
