External Audits of Financial Statements

External audit, also known as financial audit and statutory audit, involves the examination of the truth and fairness of the financial statements of an entity by an external auditor who is independent of the organization in accordance with a reporting framework such as GAAP. Perry & Associates performs financial statement audits in the follow industries:

Forensic Audits

Forensic auditing involves the use of auditing and investigative skills to situations that may involve legal implications. Forensic audits may be required in the following instances:

  • Fraud investigations involving misappropriation of funds, money laundering and tax evasion
  • Quantification of loss in case of insurance claims
  • Determination of the profit share of business partners in case of a dispute
  • Determination of claims of professional negligence relating to the accountancy profession

Findings of a forensic audit are often used in the court of law as expert opinion on financial matters. Perry & Associates has a strong forensic auditing team with several professionals that are qualified and experienced Expert Witnesses.

Compliance Audits

Many entities are required to obtain an audit to determine compliance with the requirements of particular laws and regulations. Perry & Associates specialize in the performance of Federal (Single) Audits including Program Specific Audits.

Internal Audits

Internal audit, also referred as operational audit, is a voluntary appraisal activity undertaken by an organization to provide assurance over the effectiveness of internal controls, risk management and governance to facilitate the achievement of organizational objectives. Perry & Associates assists many organizations each year by assisting with internal audit procedures. We assist our internal audit clients such as local banks and manufacturers by monitoring the effectiveness of internal controls and proposing improvements, investigating instances of fraud and theft, monitoring compliance with laws and regulations, reviewing and verifying where necessary the financial and operating information, evaluating risk management policies and procedures of the company, examining the effectiveness, efficiency and economy of operations and processes.

Examinations

Examinations are “audits” of information other than historical financial statements such as internal controls. Perry & Associates performs examinations for many industries: governments, financial institutions, title agents and attorneys.

Peer Reviews

Perry & Associates has performed over one hundred peer reviews of Ohio, West Virginia, Kentucky and Maryland accounting firms. We offer reasonably priced peer reviews with a helpful approach. We also offer inspection and quality control consultation services.

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