FINANCIAL MANAGEMENT
Further to providing assurance that your financial statements are fairly presented in accordance with required standards, we focus on building strategic partnerships.
- Are your funders looking for assurance that your financial records are reliable and accurate?
- Are your internal control processes operating efficiently and effectively?
- Do you have safeguards in place to protect your assets from misappropriations? Are your financial policies and procedure manuals up to date?
WACH’s audit practice helps organizations and individuals achieve their objectives and succeed in the economy through measuring performance, managing risks, and leveraging knowledge. Without audit services, capital and financial markets cannot operate effectively. Shareholders need independent opinions on the financial results and position on companies where they have invested in.
The financial statement audit is the cornerstone of Audit services. Our audit methodology is a fully risk-based methodology for financial statement audits. Our proprietary software tools and knowledge-based applications bring the power of knowledge to your audit. Our professionals are equipped with comprehensive information on industry trends and the business issues that increase risk to your organization.
Managing risk appropriately is a key to business success.
Below we provide a selection of clients that we have worked with over the years through our partners and associates:
When we perform your audit, your organization will have access to:
Specialized expertise
We have extensive knowledge in all types of audits, including financial statement audits, single audits (Uniform Guidance/government audit), IT assessments, internal audit functions and employee benefit plan audits. No matter what your organization may face, we have experienced it before and have the knowledge to share with you.
Customized experience
As technology leaders, we use Suralink accounting software to manage workflow and seamlessly transfer documents to one another securely. You can take comfort in the fact that your information is safe and benefit from this leading-edge financial technology. In addition, GRF utilizes data analytics to offer enhanced audit procedure. We are always exploring new ways to incorporate Artificial Intelligence throughout the audit process.
Customized experience
Our hands-on audit approach can be done in person or virtually. We customize the process to meet your needs. We will work together the way you like best.
Personal attention
Our founding partners created a foundation where personal attention for our clients was and always will be a priority. GRF is known for the involvement on every engagement from our senior management team. Our partners and managers will become trusted partners and advisors to your organization.
Follow up communication
The engagement team is accessible throughout the year, not just during audit time. Having real-time information helps ensure your financial statements are fairly presented throughout the year.
Upto date Education
We are continuously providing ongoing education to ensure our clients are knowledgeable about changes in the industry due to new standards, via ongoing conversations, webinars, in-person presentations, etc. with our clients and their board members.
Our Certified public accountants provide:
Expert service
We are fully knowledgeable in working with charitable organizations, membership organizations, trade associations, social welfare organizations, private foundations and many others. We work with a wide variety of nonprofits both on an individual basis and on a combined basis when related. We understand these types of organizations and their needs, as well as the industry standards and practices. Your nonprofit will benefit from our expertise.
Thorough reporting
Our accurate and detailed audit process gives nonprofits credibility and helps organizations fundraise more effectively. You will be able to present your audit report with confidence to the readers/users of your financial statements.
Customized experience
Our hands-on audit approach can be done in person or virtually. We customize the process to meet your needs. We will work together the way you like best.
Passionate advocates
Our CPAs are passionate about their work and have devoted their careers to understanding this specialized industry. You will work with like-minded experts, dedicated to helping your nonprofit succeed.
Financial guidance
We help nonprofit organizations understand different complexities that nonprofits face, including:
- Nonprofit governance
- Revenue recognition/restricted funding
- Split-interest agreements
- Program vs. administrative COS allocations
- Alternative investments
- Related party transactions
- Best practices in the industry
- Implementing new accounting standards
- Leases
- Other agreed-upon procedures, as necessary
