VanHouten
(512)310-9277
only search Van Houten & Associates
1517 E. Palm Valley Blvd. - Round Rock, TX 78664

Assurance Services

  • We view our role in the financial reporting process as an opportunity to provide constructive solutions for maximizing your company’s profitability and efficiency. For any assurance or accounting procedure there are rules and guidelines we as CPAs must follow. However, we strive to minimize the impact this burden has with our clients, instead focusing on how we can be an advocate to your company’s financial health as best as possible while maintaining the utmost integrity as CPAs. We want you to see us as an advocate and not just a cost of doing business.

    CORPORATE AUDITS, REVIEWS, & COMPILATIONS

    AUDITS

    A financial statement audit is an intense, detailed process that goes far beyond “ticking and tying” numbers to a ledger. When we audit a company’s books and records, we look at the company as a whole, consider its financial health and wellbeing, designing our procedures based upon what is significant to the company. This allows us to move from a canned approach to one that is customized, which gives the opportunity for the procedures and findings to be of benefit for management far beyond the presentation of financial statements.  

    An audit requires us to perform extensive procedures to test the accounts and records of the company’s financial statements, providing reasonable assurance the end reported results are materially stated. What that means to you is that you will see us throughout the process, from beginning to end. However, our goal is not to be a hindrance to your company’s day to day operations, but instead to be viewed as an advocate and source of knowledge to help you achieve your company’s goals.

    REVIEWS

    A financial statement review is less in scope than an audit. While the final product may look to be very similar on paper, the procedures we perform are fewer. We will not be testing invoices or looking at cancelled checks and as such, our accountants’ report will note we are providing limited assurance versus reasonable assurance obtained with an audit. However, we will discuss items with management that come to our attention, perform various analytical procedures on the accounts and records of the company’s financial statements.

    COMPILATIONS

    A financial statement compilation is even less in scope than a review. The end result may also look like that of a set of audited or reviewed financial statements but there is no assurance included in the accountants’ report.  Our process is to pull together the company’s records and help compile into a reportable format, whether that be generally accepted accounting principles or method in which the company files its income tax return. However, the same as with an audit or review, we will bring to light anything we note which we consider something management might want to look into, even if we haven’t performed procedures to know if it’s correct or not.

    AUDITS OF EMPLOYEE BENEFIT PLANS

    Audits of employee benefit plans can be tedious and time consuming with many rules and regulations defined by the Employee Retirement Income Security Act of 1974, commonly known as ERISA. While these audits can truly be cumbersome, we strive to work with your team to make the audit process as smooth as possible. Whether you need a full-scope or limited-scope audit for a 401(k), 403(b), profit sharing or even a defined benefit pension plan, we are able to provide the service you need.

    AGREED UPON PROCEDURES

    Agreed upon procedures are used in cases were you the client wants an external auditor to perform specific tests and procedures and report on the results.

    Examples might include:

    Compliance related to loan portfolios

    Internal control systems.

    In performing agreed-upon procedures, the auditor provides no opinion, certification, or assurance that the assertions being made in the final report are free from material misstatement.

    OTHER ACCOUNTING SERVICES

    Providing financial information to our clients in a timely and accurate manner is a commitment that we feel can not be compromised. Meaningful, well-organized financial records ensure that your business operations will run more efficiently on a daily basis. Our firm provides a full range of cost effective accounting services including the following:

    General Ledger Oversight and Reconciliation: We offer procedures monthly, quarterly, annually or whatever matches your need, to assist with the closing process of the company’s accounts and records to ensure accuracy in recording of information. The final process of this will also include a compilation of the financial statements with the option to include supplemental schedules of various items which may be important to you for measuring your company’s success.

    Accounting system setup for new businesses

    Computerized payroll services

    Business tax return preparation (Sales & Use/Business Property)

    Personal financial statements

    Litigation support