Audit Assistance
With over seven years of full time assurance experience many of the aspects of an audit can feel like second nature to The Frosty Squirrel but they can be intimidating to those not familiar with audits.
We are here to help through a customized plan based on your needs.
*Please note that rules of professional conduct prohibit audit assistance services to be conduct along with Assurance Engagements, however many of these things are performed during an audit.
Full Audit Assistance
The main service offered under audit assistance, we assist with the preparation of financials to ensure that there should be minimal surprises during the audit itself. This would normally be performed close to the year end of the organization. Over several years this may lower your audit fees as it should result in less work for the auditor.
Work Performed during this process can include:
- Preparation of Working Papers
- Communications with Auditor
- Draft Financial Statements for Management and Council/Board Review
- Year Ended Adjusting Entries
- Reconciliation to the Previous Year Audit
- Schedule Reconciliations
- Discussions with Funding Agencies
- Project Summary Analysis
If any of these appear to be an issue for your organization feel free to reach out to Frosty Squirrel to discuss details.
Governance Assistance
It should not be expected that everyone on a board or council have an extensive background in finance, but most boards are recommended to have at least one person that has a finance background, this is not always possible. An option available to these boards is for Frosty Squirrel to help the organization’s governance with the audit process, understanding the reasons for an audit, addressing the general membership and other matters of governance.
In addition the board can ask questions about certain aspects that they are concerned with that they may have not thought of or chose not to ask during the audit meeting. Frosty Squirrel will do it’s best to explain how and why something was done and suggest courses of action for each situation.
Auditor Tender Assistance
Searching for an auditor? Can’t have us do your audit, or don’t want to lose all those extra nice perks from our other services? But you still don’t want to go through the hassle of creating a bid and dealing with the applications?
Well Frosty Squirrel will take out the majority of the effort, for a fee of course. Assessing your organizational needs, size and functions Frosty Squirrel will produce a package that will make the selection process easier with a larger pool of qualified candidates.
But since we want to bid on those sweet audits ourselves, we will be restricting this service to current clients of other services.
