A clean unmodified opinion is the Accounting Profession's definition that your financial statements do not contain material errors or misstatements. However, the goal of our audit is not just to meet regulatory requirements, but to form a long-lasting partnership by putting our experience and industry knowledge to work for you.
We understand your business and the risks inherent in accounting and financial statement reporting. Therefore, Nearman, Maynard, Vallez, CPAs, P.A.’s tailored audit approach starts with the pre-audit planning process in order to gain a broad understanding of the unique aspects of your institution’s business. Our auditors also consider the risks based on your unique functions and the way management controls those risks.
We work with you to assess your institution’s performance and internal controls and provide practical, timely recommendations and solutions to enhance financial reporting, management monitoring, and operational controls. We apply a hands-on approach during the audit and back that up with free telephone support and conference calls throughout the year!
All of our financial statement audits include a statistical sample of member share and loan account verifications; ensuring your account verifications comply with regulatory requirements and saving you time and money.
We also provide a management report that includes the following:
- Independent Auditor's Report on the Financial Overview and Graphic Analysis: A pictorial analysis to help you monitor key financial trends and compare your performance to peers in the industry.
- Communicating Matters Related to a Credit Union's Internal Control over Financial Reporting: Our recommendations to improve business practices, operational procedures, and internal controls.
- Accounting and Industry Updates: Information on accounting pronouncements that could affect your financial statements and trends occurring within the industry that might impact your organization.
- Matters Required to be Communicated to the Supervisory Committee: Summary of items required to be communicated to the supervisory or audit committee related to accounting standards and principles, independence, management judgments, recommended audit adjustments, and other matters. All audits are performed in accordance with generally accepted auditing standards and accounting principles promulgated by the American Institute of Certified Public Accountants.