At TCB Accounting Services, we understand the importance of accurate and reliable financial records for businesses in the United States. That’s why we offer comprehensive audit and assurance services to help you ensure the integrity of your financial information.
Our team of highly skilled and experienced accountants is dedicated to providing thorough and meticulous reviews of your financial records. We follow all the necessary rules and regulations, including Generally Accepted Accounting Principles (GAAP) and applicable auditing standards, to ensure compliance and accuracy. When you engage our audit and assurance services, we start by gaining a deep understanding of your business and its unique requirements. This allows us to tailor our services to meet your specific needs and objectives. We work closely with you to identify key areas of risk and develop a customized audit plan that focuses on those areas.
During the audit process, our team conducts a comprehensive examination of your financial statements, internal controls, and supporting documentation. We employ advanced audit techniques and methodologies to analyse your financial records thoroughly, ensuring that they are free from material misstatements and errors. We understand that timeliness is crucial in the business world. That’s why we strive to complete our audit procedures efficiently and deliver results promptly. Our team works diligently to minimize disruptions to your day-to-day operations while ensuring the accuracy and reliability of your financial information.
Throughout the audit process, we maintain open and transparent communication with you. We provide regular updates on our progress and findings, allowing you to stay informed every step of the way. If any issues or concerns arise, we work collaboratively with you to address them effectively and efficiently. Our goal is to provide you with peace of mind and confidence in your financial information. By engaging our audit and assurance services, you can rest assured that your financial records have been thoroughly reviewed by a team of experts, giving you the assurance you need to make informed business decisions.
At TCB Accounting Services, we are committed to delivering exceptional service and exceeding your expectations. Contact us today to learn more about how our audit and assurances services can benefit your business.
Comprehensive Audit Services for Business Assurance:
COMPILATION & REVIEW
AGREED UPON PROCEDURES
EMPLOYEE BENEFIT PLAN
AFFORDABLE HOUSING
NOT FOR PROFIT
COMPILATION & REVIEW
Compilation:
We understand that converting your financial data into a statement can be difficult. That’s why we offer a compilation service that simplifies the process. We follow the rules set by the AICPA to ensure that our work meets professional standards. Before we give you the financial statement, we carefully check it for any mistakes. We also make sure to follow accepted accounting and auditing practices and use strict methods to prepare and handle the data. Our goal is to provide you with accurate and complete financial statements that reflect your data.
Review:
Our review service gives you confidence that your financial statements don’t need major changes. It’s like an audit, but we focus on understanding your business and the accounting rules that apply to you. Instead of doing lots of tests, we talk to your staff and analyze the financial data to come to our conclusions. It’s important to know that a review is not as thorough as an audit, so we don’t give an opinion. But our review service still gives you peace of mind that your financial reporting is mostly accurate and transparent.
Below is the list of processes followed by us:
Planning
- Understanding your business
- Document requests
- Technical accounting expertise
- Understaning your internal controls
- Pre-analysis
- General inquiries
Field and Research
- Sampling selections
- Testing
- Substantive analysis
- Specific inquiries
Summarize & Wrap Up
- Final Analytics
- Administrative forms
- Proposing adjustments
- Financial reporting
- Findings and recommendations
Agreed Upon Procedures
We value quality and working together, which is why we provide a fully customized Agreed Upon Procedures (AUP) report. This report is designed for business owners who want to choose specific areas to examine. Some common and important AUPs include testing internal controls, licensing agreements, vendor supply chains, and more. Our AUP can be adjusted to provide a high level of assurance or limited assurance, depending on what you need. You can trust us to deliver an accurate AUP that is tailored to your specific requirements.
Below is the list of processes followed by us:
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Compliance Assessment
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Regulatory Compliance Testing
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Internal Controls Testing
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Accuracy and Reliability
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Factual Findings
- Evidence Documentation
Employee Benefit Plans
Defined Contribution Plans:
Benefits available at retirement are based on employee and/or employer contributions into the Plan
- 401(k) Plans: These plans allow employees to contribute a portion of their salary on a pre-tax basis for retirement savings, often with employer matching contributions.
- 403(b) Plans: These plan, which is closely related to the better-known 401(k) plan, allows participants to save money for retirement through payroll deductions while enjoying certain tax benefits. There’s also an option for the employer to match part of the employee’s contribution.
- Profit Sharing Plans: Profit sharing plans distribute a portion of a company’s profits to employees as retirement contributions based on a predetermined formula.
Defined Benefit Plans:
Provides a specified monthly benefit at retirement. These plans guarantee specific retirement benefits to employees based on factors like salary, years of service, and a predetermined formula.
- Pension Plans: Pension plans provide retirement benefits to employees based on a formula that typically considers factors such as years of service and salary history.
Health and Welfare Plans:
These plans cover various employee benefits such as medical, dental, vision, life insurance, disability insurance, and flexible spending accounts.
Affordable Housing
Not For Profit
Our team of experienced professionals is here to assist you in enhancing your framework, improving controls, reducing risks, and achieving your goals. Whether you are in the education, medical, membership, or general service sector, we understand the challenges you face in a changing environment. We strive to be your trusted advisor, providing guidance and support to help your not-for-profit entity succeed.
Below is the list of processes followed by us
- Risk Assessment and
- Materiality
- Evaluation
- Internal Controls
- Audit Testing
- Planning and Supervision
- Reporting
Other Services
Reviews
