Audit & Review Services
Our Audit and Review Services
Whether you need a complete audit, review, or an agreed-upon procedures engagement, it is critical you receive timeliness, open communication, and professional expertise. Nigro & Nigro’s Audit & Review Services team of experts takes a “big picture” approach to working with clients. We take the time to understand your unique business and apply our breadth of knowledge and depth of experience to offer you the best possible solutions and advice.
- Local Government
- K-12 School Districts
- Special Districts
- Business Organizations
- Non-profit Organizations
- Charter Schools
Highly trained in specialized industries
The experts at Nigro & Nigro are highly trained in these specialized industries, which is one of the biggest factors setting us apart from other firms and adding value beyond the basic attest engagement.
Prior to any audit engagement, our engagement team leader will meet with members from the Board, Audit Committee, and Management to gain a full understanding of the philosophy, objectives, and policies for operating the organization, as well as to discuss significant business, regulatory, and accounting matters that will affect the audit. At the conclusion of the audit, we will communicate the results of the audit with members from the Board, Audit Committee, and Management.
Our Areas of Specialization Include:
We have a well-established history of providing outstanding customer service, especially in the following areas:
+CompilationsA financial statement compilation is a service to assist the management of a business in presenting its financial statements. This presentation involves no activities to obtain any assurance that there are no material modifications needed for the financial statements to be in conformity with GAAP. In short, compilation activities are not designed to provide any assurance regarding the information contained within the financial statements. A financial statement compilation is the least expensive of the various forms of firm services.
+Audit and Review ServicesWe can assist your organization with its annual audit or review services. An audit is a more indepth examination that provides you with an opinion and reasonable assurance about whether your financial statements are free of material misstatement. A review will generally cost less, but only provides limited assurance that we are not aware of any adjustments needed to the financial statements to conform to reporting standards.
+Government Audit StandardsGovernment auditing standards are used to conduct financial audits and performance audits of government entities and other entities that receive government awards. In addition to the regular auditing standards, a GAS audit requires the auditor to undertake additional procedures to ensure that the audited entity complies with the provisions of laws, contracts, and grant agreements that could have a material effect on the financial statements.
+Single AuditsNon-federal entities that expend more than $750,000 in a fiscal year are subject to a Single Audit. The requirements for a Single Audit are contained in Title 2 U.S. Code of Federal Regulations (CFR) Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards, also known as the Uniform Guidance. In addition to the GAS requirements, a Single Audit involves testing of major programs for compliance and internal controls over compliance.
Need Help with Audits or Reviews?
Looking for Audit & Review Services? At Nigro & Nigro we’ll add value to your service rather than just meeting minimum requirements. Feel free to contact the experts at Nigro & Nigro at (951) 698-8783 or get in touch with us online.
Fraud Prevention and Detection
Our certified fraud examiners offer some of the most important Fraud Protection and Detection services available.
We provide expert services for many businesses and non-profit organizations throughout California.
We are a complete tax services provider and offer solutions to many clients throughout California.