Assurance

Our MST CPAs provide a variety of assurance services. Whether you need a simple review or a full-blown audit, we can tailor our services to meet your needs. As we get a feel for how your unique business operates, we can also suggest changes to your internal control framework, or educate your leadership on how new reporting requirements will affect your company. Our CPAs have both the technical know-how and industry-specific experience to work alongside your team to ensure your business is set up for a successful future.

Audits

A financial statement audit can provide owners, management, the board of directors, lenders, or other stakeholders assurance that the financials are fairly presented in accordance with relevant accounting principles. MST’s audit team has significant experience and expertise across multiple industries. We utilize the most up to date auditing technology and strive for consistency and continuity among audit team members to complete your audit accurately, efficiently, and to provide you with valuable information to help manage your business or organization.

Compilations and Reviews

If you don’t require a financial statement audit, a review or compilation of your financial statements might be the appropriate level of service for your organization. A review engagement is a step-down from an audit, but can still provide your team with limited assurance about the accuracy of the financial statements and often meets the needs of lenders, boards of directors, and other stakeholders. Reviews are performed by members of our assurance team who have experience in numerous industries who can provide timely feedback to your organization through the completion of a review engagement.

A compilation can be an appropriate engagement when your group doesn’t require an audit or review, but still needs a set of financial statements. While compilations won’t involve MST providing assurance regarding the financials, we will devote the same level of attention to the engagement to ensure your organization comes away with valuable information and a formal set of financial statements that are useful for presentations internally or to third parties.

Agreed Upon Procedures

An agreed upon procedures (“AUP”) engagement gives us the opportunity to tailor our testing procedures towards specific areas within your organization. Our clients often find that an AUP engagement can be the perfect alternative or supplement to a financial statement audit. Whether it’s specific areas of financial concern, an analysis of your internal controls, or testing of compliance with vendor or customer agreements, an AUP engagement and the final report that accompanies it can give your team insights into areas where you may focus and opportunities to improve the financial performance of your organization.

Internal Control Services

Maintaining a strong internal control environment that will safeguard your assets and ensure accurate financial reporting is vital for any organization. Often with the demands of running an organization’s day to day activities, it’s hard for business leaders to find the time or expertise to evaluate their internal controls. MST can help you strengthen your team’s internal controls and key processes by providing an evaluation of your current state, assisting with the design and implementation of new processes and controls, or through performing control testing of your existing internal controls.

Employee Benefit Plan Audit and Advisory Services

If you have an employee benefit plan with 100 or more participants, you typically will be required to submit an annual audit to the Department of Labor with your Form 5500 filing. Let us help you navigate the complex legal and regulatory obligations for these benefit plans efficiently and cost-effectively. Whether you need an audit of your defined contribution, defined benefits, health and welfare plans, or Employee Stock Ownership Plans, our team of experienced professionals stands ready to help. MST will also make suggestions for improvements if they identify any compliance problems or internal control deficiencies during this process.
White Paper

Does Your Company Need an Audit?

For many people, the term “audit” has a negative connotation. But for business owners, an audit can actually have a positive impact. In many situations, an audit is somewhat of a necessity, or even a requirement.

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