Services
Audit & Financial Reporting
The Baird Audit Group tailors each client engagement to meet the specific needs of your organization in the most efficient manner. Our goal-oriented approach to auditing is directed toward the accomplishment of defined objectives for each engagement. In addition to independent audits and operational audits, our team can also serve your organization by performing audits on accounting information systems and internal control procedures.
Our audit team offers a full range of financial reporting including audits, reviews, compilations, and agreed-upon procedures.
Audit Approach
We use a risk-based audit approach using tailored audit programs that enable us to complete the work within the required timelines and meet the requirements of Generally Accepted Auditing Standards and Generally Accepted Governmental Auditing Standards.
Financial Audit
A financial audit is an independent, objective evaluation of your organization's financial statements and reporting methods. The principal purpose for financial audits is to give reasonable assurance to regulators, investors, directors, and managers that the financial statements presented are fairly stated.
Internal Audit
Efficiency + Effectiveness = Efficacy. Our audit professionals examine and evaluate the activities of an organization and perform an independent appraisal to review its compliance with stipulated regulations of internal financial procedures. In addition, we can perform an appraisal of the efficiency and effectiveness of non-financial matters.
Operational Audit
An operational audit serves an organization as a systematic review of the effectiveness, efficiency, and economy of operations within an organization. It's similar to your yearly check-up with a physician, it's always nice to know things are working correctly, right?
Reviews
A review engagement serves as an analytical look into your organization's financial statements to provide limited assurance that there are no material modifications that have been made to the statements to be in unison with the financial reporting structure.
Compilations
A compilation engagement involves gaining a general understanding of your business, financial reporting system and accounting fundamentals used, and presenting financial information using generally accepted accounting principles or other methods as required.
Agreed-Upon Procedures (AUP)
An AUP is a standard a company or client outlines when it hires an external company to perform an audit on a determined test or business process. The procedures, or audit standards, are contrived and agreed upon by all appropriate parties. This could include, but is not limited to:
- Confirming bank balances to a particular date
- Reviewing bank reconciliations
- Comparing financial records to source documents
- Reviewing internal controls and accounting systems
- Confirming accounts receivable to accounts payable
- Operational consulting
Fraud and Forensic Examinations
Our Certified Fraud Examiners specialize in the investigation, detection, and deterrence of a wide variety of fraudulent conduct, as well as providing litigation support. The Baird Audit Group can assist your organization in establishing and implementing controls to prevent fraud, as well as help in setting up ethics reporting channels to enable employees to report abuses without fear of retribution.