Audit and Assurance Services in United States
Importance of Audit and Assurance services is increasing day by day considering the fact that the business landscape is globally changing and rapidly growing with time. These changing dynamics of the market have initiated numerous risks. Thus every business environment seeks a skill set that fosters a compliant and assured working of the systems. Organizations are thus compelled to add Audit and Assurance Services in their operations.
What are Audit and Assurance Services?
Auditing the financial statement assures that the firm is compliant with applicable reporting standards. It not only ensures the identification of management issues but also includes the acknowledgement of ongoing and upcoming risks. Considering the challenges that come along during this process; our deep and broad understanding of the market will make it quite simpler for you.
At Joyce CPA, LLC, Daryl assures you with his 20 years of experience in delivering high-quality audit and assurance services to businesses in healthcare (hospitals & continuing care facilities), distribution, construction, FAR 31 audit, employee benefit audit (pension plans and 401k plans), not-for-profit organizations, banking, revenue recognition audit, compliance audit, internal audit and Hedge fund audit. We ensure to fulfil all of your audit and assurance needs to wherever you are located.
With our audit and assurance services, we strive to add value to our client’s organization. Besides providing regulatory compliance and financial statement reports, we seek to provide expert advice and major insights regarding internal controls and risk management. Clients can thus initiate better decisions for their business through our systematic way of reporting and issuance of relevant solutions.
Joyce CPA LLC’s regular accounting determines how well or whether your organization is performing as per expected through various Audit and Assurance Services such as:
401k Audit (Employee Benefit Audit):
A lot of non-public businesses are not indebted to audit their book annually. While figuring out if you are bound to pay an audit for your 401k plan; primary requirement is to determine the number of eligible participants in the plan at the outset of the plan year. Such plans are termed “Large Plan.” Joyce CPA LLC has made employee benefit audit (pension plans and 401k plans) it’s specialty in recent years.
To know more about Joyce CPA LLC’s 401k Audit services, please visit here.
FAR 31 Audit:
Late and less knowledge of FAR; makes a firm prone to unwanted audits and lesser profitability. In recent years it has become mandatory for a firm to have an accurate overhead rate calculation instead of an estimated FAR overhead rate used by the firms. In their contract Government can impose varied obligations as per established by FAR. Thus these agencies can be either demanding contract bids or can even insist upon the firm’s overhead rate in accordance with FAR. Joyce CPA LLC will be your helping hand in doing so with expertise.
Joyce CPA, LLC provides you with the services that are required for FAR Overhead Rate Calculation:
- Accounting software
- Job Costing System
- Identifying Direct and Indirect Costs
- Discarding Unallowable Costs
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Compliance Audit reviews an organization’s functionary to determine whether it adheres to the regulatory measures and established guidelines specified by the authorities. Joyce CPA LLC offers a series of auditing processes for analyzing a firm and validating its regulatory compliance and business objectives. Our Compliance Audit Services include:
- Observation of Processes
- Inspection of Documents
- Control Measures’ Compliant Testing
- Identification of Risks
- Risk Management Measures
Healthcare Audit assures regarding the statutory compliance of the services provided by an organization and mandates best practice delivery in a healthcare industry. JOYCE CPA LLC caters to your requirement for Healthcare Audit services with complete knowledge of audit process and healthcare industry. The services we provide include:
- Quality Control system.
- Internal assessment of processes and control measures.
- The assistance of Health Care Auditors who possess beyond par expertise and knowledge of the field.
- Extra time allotment to build a close bond with the team that acts a catalyst in the auditing process.
- Real Time Solution of complex issues and risks.
- Robust Auditing technology.
Hedge Fund Audit:
To analyze the hedge fund’s assessment technique and the compliance of the same; Hedge Fund Auditor works alongside Hedge Fund manager and Hedge Fund Administrator. Hedge Fund Administrator stands central for the Auditor, as he generates the financial statements of funds involved. At Joyce CPA LPC, besides the issuance of Audited Financial Statement; Hedge Fund Auditor also ensures curbed scope engagement and authentication of performance results.
Revenue Recognition Audit:
Revenue Recognition Audit is a process that reviews the techniques adopted by a firm to record the sales transactions. An Auditor ensures that all the processes of the company comply with the standards. At Joyce CPA LLC, we assure to foster extensively beneficiary and compliant changes to your company’s processes, via Revenue Recognition Audit.
- Enforcement of the standards
- Resolving the Issues
- Fostering Substantive Tests and Controls
Joyce CPA, LLC is focused towards delivering the best experience to our clients, with the services that will ensure minimum disruption and maximum results. We understand the diverse requirements of the clients and thus serve tailor-made services.