Services

Financial statement audits for nonprofit organizations and charter schools, including Single Audits under Uniform Guidance (2 CFR Part 200) for organizations that exceed the federal expenditure threshold. These engagements are performed under Government Auditing Standards where the funding source requires it.

A review provides limited assurance and is often the right level of service when a full audit is not required. Contractors frequently need reviewed financial statements to satisfy bank covenants, surety and bonding capacity requirements, and state or municipal prequalification for bidding. Nonprofits often need them to satisfy grantor or state charitable filing requirements.

Financial statements prepared in our firm's name without assurance, suitable for internal management use, lender requests that do not require assurance, and tax basis reporting.

Targeted procedures on a specific subject matter, reported without an opinion. Common engagements include:

• Impact fee audits for Texas municipalities and utility districts under Chapter 395 of the Texas Local Government Code, including the periodic review required by Section 395.059 and interest allocation testing on impact fee funds
• Grant and contract compliance procedures
• Construction work in progress and contract schedule procedures
• Cash, revenue, and internal control procedures requested by boards or lenders

Federal and state tax compliance, Form 990 preparation and review for exempt organizations, entity structuring, and management reporting.

Monthly and quarterly close support, financial statement preparation, and general ledger cleanup, structured so that management retains responsibility for the accounting records where we also perform attest work.