Non-Attest Audit Services
Audits can be difficult and passing an audit without any findings can be even more difficult. Working with JR Wright Business Advisory before your audit can make the process much easier and will save you money and a headache when your audit rolls around. Our services can also strengthen your organizations business processes and help you achieve your goals!
Pre-Audit Consulting
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Accounting Information System Review
Accounting Information System Review consists of evaluating the implementation of internal controls in the accounting information system. This also checks if effective financial controls are established to adequately protect the assets against fraud while complying with the company’s internal policies and procedures.
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Debt Covenants Breach Analysis
Debt Covenants Breach Analysis consists of understanding and assessing the risk of breaching debt covenants.
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Sarbanes-Oxley Readiness Assessment
Sarbanes-Oxley Readiness Assessment consists of building a sustainable, comprehensive internal control environment sufficient to comply with the section 404 of the Sarbanes-Oxley act of 2002.
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Performance Auditing
Performance Auditing consists of an independent examination of a program, function, operation or the management systems and procedures of a governmental or non-profit entity. This is to assess whether the entity is achieving economy, efficiency and effectiveness in the employment of available resources.
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Monthly Performance Monitoring
Monthly Performance Monitoring consists of checking the companies financial standing every month through a wide range of “performance indicators” to ensure that appropriate and timely decisions and plans can be made.
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Board Effectiveness / Trustee Governance Review
Board Effectiveness / Trustee Governance Review consists of assessing the effectiveness of the governance framework in formalizing strategic leadership and executive decision making arrangements for the organization.
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Compliance Training
Compliance training consists of educating employees (such as boards, committees and responsible managers) on laws, regulations and company policies that apply to their day-to-day job responsibilities. This is to avoid and detect violations by employees that could lead to legal liability for the organization.
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Audit Planning
We will identify the steps needed to take in your audit, determine misstatement materiality, perform risk assessment procedures, including fraud risk and IT controls risk, and determine single audit status.
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Depreciation Schedule
We will develop a straight line depreciation schedule for your properties, equipment furniture and all other fixed assets that would be subject to depreciation.
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Debt Repayment Evaluation
Debt Repayment Evaluation consists of showing debt repayment capability, given different repayment options and different organization conditions.
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Fraud Prevention Plan
Fraud Prevention Plan consists of providing early detection of fraud, investigation of fraud and special initiatives to minimize its negative impact of fraud