KatzAbosch’s certified public accountants in Maryland provide a complete range of accounting and auditing services, including annual or special purpose audits, assistance in the preparation of reports to be filed with regulatory agencies, and compilations and reviews of financial statements.
Where applicable, our firm supplements the report on financial statements with a management letter offering recommendations for a more efficient operation, improved financial position, and improved accounting and administrative controls. These suggestions often result in substantial cost savings for our clients.
Stockholders, creditors, and investors often need assurance that financial records fairly portray a company’s true financial position, which makes our Audit Consulting Service and Accounting Services a necessity.
An audit from KatzAbosch can provide all of those parties with the highest level of comfort that financial records are fairly stated. We actively communicate with attorneys, banks, vendors, and customers to obtain as much information as possible. We document and test relevant operations to ensure reasonableness and provide clients and financial statement users with the financial peace of mind they need.
Financial Statements Our team of auditors will provide assurance that financial statements are fairly presented in all material respects in accordance with generally accepted accounting principles GAAP (or other basis of accounting). An extensive knowledge of the industry is very important when auditing a company’s financial statements.
Employee Benefit Plan Audits Regulators’ attention and analysis of employee benefit plans continue to increase. Our audit consulting services team has specialized professionals whose training allows them to understand the regulations of the DOL (Department of Labor) and IRS (Internal Revenue Service). This knowledge of government agency policies and procedures makes them an invaluable addition to our accounting services team.
Nontraditional Engagements When the accounting services you require are regarding specific accounts or procedures we help get the job done quickly and efficiently using mutually agreed-upon procedures.
Internal Control Studies One of the most effective ways to prevent fraud is implementation of strong internal controls including an effective segregation of duties. Internal controls as related to fraud are the measures, policies, and procedures a company puts in place to safeguard assets and ensure the reliability of accounting data.
Surprise examinations under SEC or state custody rules The Securities and Exchange Commission (SEC) and certain state regulatory agencies require that investment advisors deemed to have custody of client funds undergo an annual surprise examination. We have the expertise and experience to perform such examinations.
Due diligence During the process of buying a business and due diligence takes place, KatzAbosch will use a top-down review and checklist to evaluate the business. This review process usually starts with the business owner, their experience in business operations and potential management ability for running a company.
