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Audit & Assurance

Related Services: Employee Benefit Plan Audits, SAS 70

In today’s fast-moving business environment, it simply isn’t enough to only offer a review of historical financial statements. Now, auditors must look beyond the numbers to identify areas where a business can improve internal controls, increase efficiency, and enhance business systems and processes. TravisWolff provides objective and professional evaluation of a business’s system of internal controls through financial, operational, and compliance audits. Our assurance services go well beyond an audit to address the quality of information business owners use to make critical business decisions.
 

The TravisWolff Audit & Assurance Group utilizes many tools and processes in an audit, such as: 
 

  • Understanding of internal controls – review of systems in place to minimize risk
  • Operational analysis – measures systems and their effectiveness
  • Substantive testing – addresses account balances and components
  • Analytical review – measures results against expectations
     

Depending on the circumstances, we may delve deeper into any or all areas of the company’s operations. We review business process changes, assess risk, and identify opportunities to improve efficiency.
 

The Audit & Assurance Group works to deliver a quality audit and sound business suggestions that may help owners operate businesses more effectively. By using forecasts and projections, we can look beyond the historic numbers to learn more about the company and its business, and bring our objective view to management. Ultimately, we hope owners will use this information to manage their businesses more profitably and, as a result, increase the value of their companies.
 

Minimizing Your Risk
Our Audit & Assurance Group also works to minimize the company’s risk exposures by proactively offering risk mitigation strategies and resolutions. We utilize a systematic, consultative approach that provides value-added support to businesses by performing analyses and providing guidance and recommendations. When needed, we work to deliver training recommendations to address risk and compliance issues.
 

Technology
By utilizing computerized tools and data mining, we streamline our audits and, more importantly, generate information that brings incremental value to you – answers that literally have been hiding in your company data.
 

When would I use TravisWolff’s Audit & Assurance Group?

  • When your exit strategy would be enhanced by more credible financial statements
  • If you are an absentee owner and want an objective view of your company
  • When your lending institution or regulators require an audit
  • If you believe your internal controls may be weak
  • If you suspect fraudulent activities in your company
  • Whenever you want an objective view of certain functions, activities, or resources
     

Audit & Assurance Services

  • Audits
  • Agreed-upon procedures
  • Performance measurement
  • Forecasts and projections
  • Feasibility studies
  • SEC and other regulatory services
  • Due diligence
  • Internal control reviews
  • Profit and inventory analyses
  • Budgetary and cash flow analyses


Reviews

TravisWolff undergoes an annual peer review of its audit work, as well as a review every three years from the Public Company Accounting Oversight Board (PCAOB). Our most recent reports include:

Related Bios: Richard J. Sowan, Angie Moss, Michael J. Barber, Jr., Gary L. Hoyack, Michael D. Janick, Trey Kennedy, Michael T. Means, Edward A. Wolff, Jr.