Assurance (Audits and Reviews)

Expert Assurance Services

Ensure your business's financial health and compliance with assistance from Foti, Flynn, Lowen, & Co PC. We offer comprehensive business audit and review services tailored to meet your needs.

Thorough Business Audits and Reviews

Audits and reviews require expertise and attention to detail; which is something we excel in. Learn more about our offerings:

Audits

An audit is crucial to identifying areas of strengths and weaknesses within your business structure and finances. It lends credibility to your organization’s financial statements and provides the highest level of assurance in the financial reporting of your business.

An audit involves performing procedures in accordance with professional standards to obtain an appropriate amount of evidence about the amounts and disclosures in the financial statements. Our firm uses a risk-based audit approach and utilizes technology to provide your business with an efficient audit.

Because of our depth of detail with audits, we can also provide value by helping you identify possible weaknesses in controls and offer suggestions for improvements before they become problems. An audit and other assurance services are often the first steps towards casting light on new opportunities to strengthen your business.

Reviews

While not as extensive as an audit, our review services can also help your business or organization operate more effectively. To provide a fresh perspective, we’ll analyze your financial statements and review management procedures primarily through inquiries and analytical procedures to provide limited assurance that no material modifications need to be made to the financial statements.

This review allows us insight into your procedures, which means we can ensure you’re operating in a way that best suits your business needs. Once the review is complete, we can make suggestions on how to improve.

Employee Benefit Plan Audits

We provide audits for a company’s employee benefit plans to ensure compliance with DOL (Department of Labor) guidelines when required. Regulatory compliance related to employee benefit plans is often overlooked and should be a top concern for your company.

We have vast experience with defined contribution retirement plan audits, including saving plans, 401(k), 403(b) profit-sharing plans, and other plans. We are a member of the AICPA Employee Benefit Plan Audit Quality Center.

Why Choose Foti, Flynn, Lowen, & Co for Tax Preparation and Planning

Our commitment to excellence and customer satisfaction sets us apart in the industry. Here’s why you should consider our services:

One of the largest locally owned accounting firm
Certified public accountants
Over 200 years of combined experience
Friendly, professional experts
Complimentary estimates
Virginia Society of Certified Public Accountants member
American Institute of Certified Public Accountants member

Contact Us Today

Ready to protect your business's financial future? Get in touch with us at Foti, Flynn, Lowen, & Co. Our team is eager to provide you with the professional audit and review services you need.