4512, Legacy Drive, #100 Plano, TX, 75024

Assurance Services

Every public organization is required to conduct yearly audits. However, some non-public entities - local governments, not-for-profit organizations, and any other agency receiving government funding - also have to conduct annual audits.

An audit is performed to deliver the highest level of assurance. It is a methodical and objective review of a company’s financial statements. In the process, the auditor can also verify any asset or specific information as he/she deems necessary. An audit has the following benefits:

It helps you get an in-depth understanding of your business.
It helps maintain transparency within the organization. When the information provided by you is declared as credible, everyone including the stakeholders, employees, investors, and customers, are satisfied.
It facilitates the timely payment of corporate tax, goods and services tax, and other related taxes, thereby allowing you to avoid unnecessary penalties and investigations.
It helps identify material fraud and errors.

Our audit services include reviewing your internal operations, assessing selected financial transactions, and communicating with third parties such as:

Customers - To check and verify your outstanding receivable balances.
Banks - To confirm your cash and debt balances.
Vendors - To verify your outstanding payable balances.
Attorneys - To gather information about any pending or threatened legal actions.

Once we complete a comprehensive assessment of all the above-mentioned things, we will issue a report verifying and backing the credibility of your financial statements.

Our audit services cover the following:

Audit & Assurance Services

Through our audit assurance services, we strive to provide quality and consistent audits for your company. Our multidisciplinary experts gather all the necessary information and set out to solve complex issues utilizing high-end technologies and auditing tools. We understand that when it comes to business, there’s no “one size fits all,” and thus, we provide customized auditing services especially suited for your business. Apart from financial statement audits, we also perform:

Review: Although less extensive than an audit, a review involves applying analytical procedures in examining the financial statements and other inquiries made about your company's management team. A review report declares only limited assurance in a statement form - "We are not aware of any material modifications" - to comply with the Generally Accepted Accounting Principles (GAAP).
Compilations: Compilation refers to the compilation of financial statements that only puts forth information or “representation of management” without expressing any opinion or assurance on the financial statements. It involves no application of analytical procedures. Instead, the compilation is made according to the general knowledge and understanding about your business.
Special reports: Special reports offer assurance on the accuracy of particular components of a financial statement without requiring a full-fledged audit.
Agreed upon procedures: Agreed-upon procedures refers to the process of using special methods to a specific component within a financial statement or within an accounting cycle. As is the norm, whenever agreed-upon procedures are requested, one of our team members will inquire you about the goals you are trying to accomplish and the procedures you are using to achieve the same. After that, these procedures will be acted out to provide an all-comprehensive review about their fairness in front of the management team.
Analytical Procedures & Ratio Analysis: Analytical procedures and ratio analysis refer to a financial review of your organization to reveal its financial stability and security; ability to meet business obligations, and business operations. This is followed by a comparison with the financial stats of the past years and also with the similar firms in your industry. The results of this analysis will allow your management to understand your strengths and weaknesses, thereby helping you improve your financial standing.
Financial Projections: Our expert professionals will work in close connection with your management and staff to carve out a realistic financial projection based on underlying business facts and assumptions. Having actionable financial projections are essential for every business seeking to gain funding from potential investors, or developing a new product/service, or expanding the company in general.

Employee Benefit Plan Audit Services

The Employee Benefit Plan Audit services have been designed to offer comprehensive services to the sponsors of employee benefit plans associated with audit, ERISA and IRS compliance, plan design, and other management advisory services. Our team is comprised of expert professionals who can guide and assist sponsors and administrators through the complexities surrounding employee benefit plans. Our services in this area include:

Defined Benefit Pension Plans
Defined Contribution Pension Plans
Profit Sharing Plans
401(k) Plans
403(b) Plans
Employee Stock Ownership Plans (ESOP)
Health and Welfare Plans (VEBA)

Our attestation, compliance, and consulting services include:

Limited Scope Audits of Qualified Plans
Full Scope Audits of Qualified Plans
Preparation & Filing of 5500s
ERISA Compliance
Plan Operation and Funding Reviews
Transaction and Eligibility Consulting

SSAE 16 Service Organization Controls Audits

It is a commonplace thing for companies now to outsource specific business functions to third parties. However, just delegating the business operations functions isn’t enough for the smooth functioning of a firm; monitoring the quality of their work is also essential.

This is where SSAE 16 audit comes into play. SSAE 16 audit report is an assessment of a firm’s complete audit requirements, which saves a lot of valuable time of the management team and allows them to focus on other important aspects of the business.

This is how we approach SSAE 16 audit:

Organization: In this stage, we examine and review the structure of automated and manual functions within an organization; the methods of segregating accounting and data processing activities, and how authorization guidelines are established and how the responsibility of business operations and support is delegated among the employees.
Operations: This is a review of how an organization’s personnel utilize manual and computer resources; the techniques by which accounting or financial information is entered into the computer system; the efficiency of the subsequent processing functions, and the ways in which computer-generated data is being used to enhance the decision-making process.
Analysis and Control Activities: This review is conducted to assess the process flow of transactions; to determine the efficiency of design of controls, and to check if the controls have been out to good use in the operations process.
Security: This review is conducted to check the efficacy of the overall computer security system and how essential equipment, programs, data, and documents are maintained and safeguarded from unauthorized access.
Documentation: In this stage, we perform a complete review of how well the users, as well as the data processors, understand the computer and data processing functions of an organization and how well electronic and hardcopy documentation covers the procedures associated with the computer system functions.

Internal Audit

In today’s competitive business world, it has become crucial for companies to review the efficacy and success quotient of their internal business functions. Thus, conducting internal audits from time to time is a good idea. Not only do you get a peek inside the core functioning of your business, but you also get to see the weak patches within your business operations and strategies.

In the ever-changing business landscape, we can provide you with an objective approach to audit, be it financial or operational, or internal, thereby allowing you to gain a broader perspective of your business and client base.

Here’s how we will deliver the best-in-class internal audits for you:

Co-sourcing: Our team consists of highly qualified and trained professionals who will not only conduct well-designed internal inspections but will simultaneously address a variety of other business issues that may hinder the smooth functioning of your business such as special technical assistance in high-end projects.
Outsourcing: Our expert audit professionals can assist your management in putting together a full-fledged and well-structured internal audit team reporting to the Audit Committee. We work in close connection with your management personnel to deliver tailor-made services that can successfully address your specific needs.
Financial and Operational Audit Services: Today, an increasing number of organizations are co-sourcing their internal audit, and regulatory compliance needs to expert audit professionals who can double up as trusted business consultants in the course of time. This not only saves the valuable time of a firm’s management team, but it also brings in an objective and fresh perspective within the business infrastructure. Since our skilled professionals have experience of working with a diverse client base, we can bring credibility to your business operations and decisions.
Industry Expertise: Since the technological, regulatory, and compliance environments are highly dynamic, it often becomes a challenging task to keep up with the changing trends of these fields. Our expert and skilled professionals can bring value to your business by applying their extensive knowledge gained from years of experience to successfully identify, understand, and enhance the technical and operational aspects of your business.
Cost Savings: When you choose us as your co-sourcing partner, we can help reduce your business costs. By delegating specific needs and business functions to us, you never have to worry about short-term staff shortages; you can save a significant amount of money by eliminating costs like salaries, employee benefits, paid vacations, and employee training. We will provide you with all the expertise and effort you need in running your business smoothly.
Risk-Based Approach: Since our audit professionals work in close collaboration with your management team, our co-sourcing services become a support mechanism for your company’s Audit Committee. Along with your management staff, we toil to identify the areas that require internal audits and also the areas that may have potential compliance issues, after which we come up with cost-effective and actionable solutions. Thus, you pay us to identify and eliminate the highest risk sectors within your business infrastructure, while giving complete autonomy to your management to handle the decision-making process.

Governmental Compliance Audits

Just as private organizations require to conduct timely audits, governmental, educational, and non-profit organizations also require to conduct single audits that combine both the financial and compliance aspects in one.

If you are a governmental or non-profit organization, we’re the right choice for you. Our team has worked with some of the most reputed firms in the industry and thus, has extensive experience in the field of audit. We assure to provide you with the right combination of technical and advisory expertise to bring value to your organization.

FIN 48 & FAS 109 Services

FASB Interpretation No. 48 (FIN 48) came to be in June 2006 as an attempt to ascertain consistency in income tax accounting. Ever since it has drastically magnified the intricacies associated with FAS 109 raising the standard by which companies will be assessed when computing their income tax expense in their annual financial reports.

We offer a comprehensive tax and accounting service wherein our professionals specializing in FIN 48 and FAS 109 compliance can help you to successfully breeze past the challenges posed in accomplishing the high standard that tax benefits must now meet to be integrated into your company’s financial statement.

Our FIN 48 and FAS 109 Compliance Services cover the following:

Establishing an efficient compliance process
Identifying uncertain tax positions across multiple jurisdictions
Evaluating the technical benefits of uncertain tax positions
Determining the maximum tax benefit for areas meeting the "more likely than not" status
Reviewing and documenting footnote disclosures in financial statements
Evaluating internal controls

Our FIN 48 & FAS 109 Services are so streamlined and well-crafted that you no longer need to worry about income tax hassles. With minimal intrusion in your tax department’s functioning, we will help you achieve accounting and tax compliance by customizing our services according to your specific business needs.