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Audit

Presenting The Real Story: Solutions To Increase Efficiency And Savings

Audits provide you the highest level of assurance and are often required for bank covenant purposes, maintaining compliance with grant or reporting requirements, or providing verified information to a set of shareholders.

Audits are the most intensive, but provide the most comfort to those receiving the report because they present the real story behind the numbers. Audit tasks include:

  • Reviewing internal controls and processes
  • Reviewing and examining transactional detail, on a test basis, for the period identified
  • Issuing an opinion regarding your company’s financial position as of the end of the period audited

Uncovering Problems And Providing Answers

Because of our vast, hands-on management experience, we also review and analyze financial statements, processes, and internal controls during the audit. When applicable, we provide real-world solutions to problems within your company.

Our solutions result in actual savings and increase efficiency in your operations and administrative functions.

Publicly-Held Entities

Forbush and Associates does not perform audits of publicly-held entities, but we work closely with Management to prepare documents you need to provide the registered CPA firm performing your audit.

With our team helping you prepare the documents your auditors won’t need to do as much work, which lowers your audit fees and the auditing firm maintains its required independence.

Documents We Prepare For Your Independent Auditor Are:

  • Financial statements
  • Footnotes
  • Disclosures
  • Management discussion and analysis (MD&A)
  • Work papers requested by the auditors

Industries we audit

  • Non-Profit audits in accordance with A-133 and in accordance with General Accepted Governmental Auditing standards and compliance of major programs with OMB requirements.
  • Small Non-Profit audits in accordance with General Accepted Auditing standards for Grant reporting purposes
  • Privately-held company audits for bank covenant purposes
  • Privately-held construction company audits for bonding, licensing, or contracting purposes

To assure you the most accurate accounting knowledge and efficient practices, Forbush and Associates routinely undergoes peer review. We proudly maintain a history of successful reviews.

 Ken Gearhart
Ken Gearhart
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“Forbush and Associates has been our contract CFO and Controller since 2002. Being a general contractor, Forbush and Associates assisted us in each step of the way from one subdivision and 2 houses being built at one time to 6 subdivisions and more than 30 houses being built at the same time. Additionally, Forbush and Associates worked diligently in diversifying our client base in efforts to reduce the fluctuations of a residential construction market to our revenue streams. Due to Forbush and Associates assistance, we built other revenue sources and streams that provided us more than $10,000 per month in free cash flow while other contractors went out of business. Forbush and Associates has worked with us in seeing new opportunities in farther reaching communities and has begun to assist in rebuilding our Company after a rough three years including international operations. I would recommend Forbush and Associates to anyone whether it be a tax return preparation or full service business consulting and administration.”
Nancy Durano
Nancy Durano
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“Working with Forbush and Associates has given me peace of mind. I trust your advice because you have a reputation of integrity and honesty and working with Forbush’s team has helped me dramatically to improve communication with my lawyer…your team had the knowledge, experience, wisdom and my best interest at heart. There is no way to repay you for what you have done for me, but I think your team is wonderful and wanted you to know.”
Gary Harmon
Gary Harmon
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“Minuteman Press has used Forbush & Associates for the past four years and we are extremely happy with their strategic planning and tax consultation services. During this time, we have received over $30,000 in refunds from Federal & State taxes that we were not able to recover while using our previous tax preparation company.In addition, we have improved our cash flow and bottom line performance by more than $125,000 as a direct result of Forbush’s strategic planning advice. Who would have anticipated that a simple review of past tax returns could lead to these kind of results?I strongly urge any small business owner to have Forbush & Associates review your last 2-3 year’s tax returns. You won’t be sorry!”
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