Providing Assurance Services
When it comes to meeting your financial reporting requirements, employing a licensed professional for assurance and audit services is imperative. Serving the Pittsburgh, PA area, Holsinger P.C. works with businesses of every size to ensure accurate financial statement reporting. Additionally, our assurance services are flexible and designed to ensure that we meet the specific needs of you and your business. Our CPAs will help you determine which services will work best for you and your business.
Utilizing a Variety of Reporting Frameworks
In addition to offering an array of auditing services, we are happy to work with the financial reporting framework of your choice. Depending on the industry and your reporting requirements, you may choose to use any of the following:
- United States Generally Accepted Accounting Principles (U.S. GAAP)
- International Financial Reporting Standards (IFRS)
- Modified Cash Basis
- Cash Basis
- Income Tax Basis
Audits
To ensure absolute confidence in your financial statements, we recommend our audit services. This is the highest level of assurance service that is available from a CPA. As part of this service, our professionals will perform procedures to offer reasonable assurance that your financial statements are free from material misstatement. We have a variety of audit services for you.
Reviews
For those who would like their financial statements examined by a professional but are not in need of a full audit, we recommend our base-level assurance service: reviews. As part of this service, one of our knowledgeable CPAs will complete analytical procedures and inquires. This provides you with limited assurance on all your financial statements.
Financial Statement Compilation
Generally benefiting lenders and other third-party organizations, our financial statement compilation services are a great way to better demonstrate your financial standing and your company’s bottom line. Working with a CPA will act as a natural assurance on the accuracy of the statements. Anyone who looks at your compilations will know that they are accurate and contain all the pertinent details.
Financial Statement Audits
As a business owner, it is often wise to have regular audits performed on your financial statements. This will ensure that you are fully aware of what is happening to your bottom line and ensure you are prepared for financing or M&A needs or opportunities. Our professionals have the experience and know-how to complete the audits for privately-owned companies and not-for-profit organizations.
As a member of the American Institute of Certified Public Accountants’ Center for Private Companies Practice Section as well as the Governmental Audit Quality Center (GAQC), we understand and can adapt to a few different types of audit standards. Some of the standards that we use most frequently include:
- Generally Accepted Audit Standards (GAAS)
- Yellow Book/Generally Accepted Government Audit Standards (GAGAS)
- Single Audit Uniform Guidance
Employee Benefit Plan Audits
The Department of Labor requires an annual audit for all employee benefit plans that have more than 100 participants. To ensure that your plans are in compliance and have quality and integrity, our employee benefit specialists offer full and limited-scope audits that examine the benefits available to your employees. As part of these audits, we will review all of the following:
- 401(k) Plans
- 403(b) Plans
- Profit-Sharing Plans
- Defined-Benefit Pension Plans
- Health & Welfare Benefit Plans
- Full or Partial Plan Terminations
- Form 5500 & Form 990/990T Filings
Holsinger P.C. is a member of the Employee Benefit Plan Audit Quality Center (EBPAQC). This means that we participate in frequent training sessions that are highly focused on this topic. We stay on-top of the regularly changing regulations that dictate these plans. After all, it is our goal to continually exceed your expectations and meet the highest standards of our profession.
Specified Element, Royalty, & Grant-Specific Audits
If you are unsure if an entity has met the compliance requirements for grants, regulations, or requirements, our professionals can help. We offer specialized attestation services to ensure that they have met all specific elements.
Agreed-Upon Procedures
When corporate investigation becomes necessary, it is important to work with an unbiased third party. At Holsinger P.C., we delve into issues that you are seeing and build detailed reports that outline our findings and offer recommendations to correct any problems. These services are fully customizable to ensure that we are addressing the specific subject matter that is causing concern.
All of our agreed-upon procedures and investigations are conducted according to attestation standards that were established by the American Institute of Certified Public Accountants.
Forensic Accounting Services
If you suspect there is something wrong with your accounting, bookkeeping, or finances, we can help you investigate . As part of our forensic accounting services, we review your data and records in search of irregular or inappropriate activity . Once that is complete, we will summarize our findings in writing and submit an investigation report.
Internal Control Evaluation Services
To ensure that your internal controls are operating according to design, we offer specialty inspection services. We take a look at your internal control policies and procedures. Then, we offer valuable recommendations for improvement.
