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Performance Auditing: Performance auditing is an independent evaluation of an organization's operation with an eye towards making it work better, faster, and cheaper.
Along with these streamlining efforts, a performance audit may also determine whether management is fulfilling its promises to the taxpayers by effectively providing services intended to meet its goals and objectives.
Financial Audits: Financial audits include financial statement and financial-related audits or reviews. The primary focus of a traditional financial statement audit is the examination and verification of information provided through an entity's financial statements.
This may result in an opinion on the "fairness" of the information presented in the financial statements or determine whether the entity has adhered to specific federal and financial compliance requirements.
These audits may involve a review of the internal controls over financial operations and typically result in a letter to management identifying any weaknesses and recommending corrective action.
Compliance Audits: Compliance audits determine whether the organization is following provisions of laws, regulations and contractual grant or loan agreements. The purpose of compliance auditing is to identify instances of significant deviation from specific requirements and to seek corrective action. State compliance audits review compliance with specific state laws and regulations, and federal compliance audits review compliance with the legal and regulatory requirements mandated as a condition of receiving federal grants and aid.
Investigative Audits: Investigative audits are performed as a result of reported allegations related to improper activities by government employees or agencies. The allegations are received mainly through a toll-free hotline for reporting fraud and abuse in government. An investigation may also result when auditors, while on another assignment, become aware of inappropriate or suspicious activity that may fall under the Reporting of Improper Governmental Activities Act.
Premier Group Services brings experience, efficiency and attention to detail to each audit and assurance project. While our team has broad industry experience, we strive to align our team’s experience with each client’s specific needs.
Our experience allows us to bring more than just financial attestation and audit services. We help use audits as a tool to help you better manage your organization.
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Office: 301.577.6444 Toll-Free: 877.254.7236 Fax: 877.680.3362
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