Do you consider your audit a "necessary evil?" Usually an audit is required for industry compliance, or at the request from a lender, inactive or absent owner, vendor or other party in need of verifying your financial statements. At Eide Bailly, however, we view an audit as a valuable management tool—the opportunity to help you improve profitability, and strengthen your business and administrative practices. Our clients appreciate this viewpoint and the opportunity to work with auditors who share their vast knowledge throughout the process, as well as throughout the year.
An audit of financial statements under generally accepted auditing standards (GAAS) includes an examination of evidence supporting the amounts and disclosures in the financial statements. An audit assesses the accounting principles used and significant estimates made by management and evaluates the overall presentation of the financial statements. The objective of an audit is to provide a reasonable basis for expressing an opinion about whether the financial statements, taken as a whole, are presented in conformity with generally accepted accounting principles (GAAP).
Eide Bailly's caring, friendly approach helps make the requirement more palatable. Since 1917, we have provided audit services to clients across all industries. Our clients experience regular contact with senior-level staff, as well as work with a consistent team from year to year, with appropriate rotation. Clients tell us they appreciate our timeliness, attention to detail and friendly approach.
