Financial Reviews and Audit Services

Complete and accurate financial reporting is critical for the long-term success of any business. Without it, a company could face a litany of issues including cash-flow problems, regulatory issues, or even potential litigation.

The professionals at Barton, Walter & Krier can provide a clear and comprehensive picture of your company’s overall pecuniary situation. We evaluate your financial statements for conformity with generally accepted accounting practices (GAAP) and offer recommendations for improving efficiency and profitability while reducing risk. Whether you need an audit, review, compilation, or other performance measurement, we help increase the quality of information for better, more informed business decisions.

An audit of your company’s financial statements can provide assurance to third parties such as creditors, lenders, stockholders, and analysts that your business is operational and financially sound. Our audit and assurance experts will conduct an intensive, independent examination of your company’s reports and systems to ensure accuracy and integrity while noting any potential risk. The result – a thorough and reliable assessment of your company’s financial situation that you can confidently disclose to the end user.

Sometimes a business doesn’t require as detailed of reporting as an audit but still needs limited or reasonable assurance for loan requirements, contract negotiations, or financial analysis. With our review and compilation services, our CPAs will present client-prepared information in a standardized and organized format that still meets a minimal level of assurance.

Whatever level of assurance your company needs, we customize our attest services to align with your unique and varied business objectives.

Audits are driven by specific needs, often brought on by entities like municipalities, business organizations, federal and state regulators. Whatever the trigger, BWK’s approach to auditing and assurance scales to the complexity of your business and its size. Our services include:

• Audits
• Reviews
• Compilations
• Personal Financial Statements
• Agreed-Upon Procedure Engagements
• ERISA

Companies work directly with our experienced CPAs who understand the demands of the engagement and who know your industry well. The result? A reliable assessment that your business can act on and confidently present to stakeholders.

Not every business situation calls for a full audit. Financial reviews and compilations help businesses when they need a clear and organized picture of financial matters, but without the depth required in an audit.

A review will provide limited assurance through analytical procedures and inquiry. BWK’s team examines financial documents and asks the necessary questions, ultimately satisfying stakeholders when it’s time to report.

Compilations are sometimes underutilized by small businesses who may not know they can have financials presented without a full audit. At BWK, compilations take prepared financial data and present it in the way that best serves planning or reporting situations.

Federal law requires an independent audit for retirement plans with 100 or more plan participants. This is a requirement that often catches growing businesses off guard. BWK understands the obligations behind such plan sponsorships, those include:

• DOL reporting requirements
• Form 5500 filing
• Plan financial statement preparation
• Compliance with ERISA regulations

For businesses with ERISA plan responsibilities, BWK’s expertise extends across the full retirement plan spectrum.

BWK is based in Maple Grove and serves businesses across the Twin Cities metro. Our audit and assurance team works with companies whose industries carry serious compliance weight. When audit and compliance obligations come up, a local firm with in-depth industry knowledge can make all the difference.

Contact us for additional information or to schedule an appointment with one of our audit and assurance specialists.