Audits - The Burkhalter Group

Audits can offer many business advantages.

Whether you’re trying to secure a bank loan, bring in new shareholders to your company, or meet legal requirements for regulatory compliance, an audit can help you achieve business goals. During your initial consultation with the Burkhalter team, we’ll sit down with you to outline how our tax audit services can bring added value to your business.

We generate a detailed report that spotlights any concerns you have and allows for necessary adjustments. The added value is that you will have an in-depth look at your financial operations so you can make more informed business decisions about your future.

Our audit services can bring tangible value to your company that are worth consideration. Below are a few of the benefits…

3 Benefits of an Audit

Improving Internal Controls

Internal controls are at the heart of every new and established business. Our detailed audit report spotlights areas of concern in your internal controls, so that you can make necessary adjustments that protect your business or improve operational processes.

Maintaining Compliance

Various private and public companies are required to provide audited financial statements to continue conducting business in their respective industries. Our audits are conducted under strict standards, including generally accepted accounting principles or GAAP.

Qualifying for a Bank Loan

If you need a business loan, our tax audits give your bank an in-depth look at your business finances for the bank to qualify you as a safe investment of their money.

Find out how our firm can help you and your business, schedule a consultation today.

Frequently Asked Questions

The amount of time necessary for our team to conduct an audit depends on various factors, like the complexity of your company’s finances. An audit can take anywhere from a few weeks to multiple months to finish. Regardless of how long it takes to complete your audit, we’ll provide you with detailed updates about our progress.

Although compilations and audits may seem similar, there are crucial differences between them. A compilation is the process of gathering a company’s financial data into one accessible report. Compilations provide no assurance, as the information is not checked for accuracy before it’s presented. An audit, however, is the highest level of financial analysis available. During an audit, facts are checked against internal records and verified with third-party sources to ensure a high level of accuracy.

Typically, most companies will have an audit conducted every year. However, the frequency depends on whether your business operates in a highly regulated industry that requires frequent auditing. No matter how often you require audits, our team strives to make your overall experience as hassle-free as possible.