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AUDIT + ASSURANCE

OUR PROCESS

At Blackman & Sloop, we have earned a reputation for helping clients of all sizes establish reporting processes that drive more profitable operations. With extensive experience across a broad range of industries, our team provides objective, independent assessments delivered by qualified professionals. We work closely with you to design tailored plans that support your unique needs and help you achieve your business goals. 

Choosing the Right Level of Service for Your Needs:

A question often asked is, “should our organization receive an audit?” The answer is, “It depends”. Every organization’s needs are different. At Blackman & Sloop our assurance experts will help you determine which level best suits your needs.

Our team plans and performs the engagement to obtain reasonable assurance about whether your financial statements are free of material misstatements. As your auditors we will make inquiries concerning financial statement related matters, apply analytical procedures to identify unusual items or trends in the financial statements, assess the accounting principles used and significant estimates made by management, and evaluate the overall financial statement presentation.

Our extensive experience and knowledge includes performing audits in accordance with Government Auditing Standards (Yellow Book), OMB Uniform Guidance (Single Audits), and the Employee Retirement Security Act of 1974 (ERISA Audits).

We make inquiries of your organization’s management and perform analytical procedures designed to identify unusual items or trends to obtain limited assurance that your financial statements are free from material misstatement. We assess the accounting principles used and significant estimates made by management, as well as evaluate the overall financial statement presentation.

Our team becomes familiar with accounting principles and practices common to your business industry and obtain a general understanding of your transactions and how they are recorded to present your financial data in the proper financial statements format. In a compilation, we do not provide any assurance if the financial statements are free of material misstatement.

Agreed upon procedure services allows us to perform specific procedures agreed upon by you in a certain area – perhaps an area of concern, new activity, or just a closer look at something. We will provide you a report listing the findings resulting from the procedures performed.

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