Specialized Audits

Our firm’s level of expertise allows us to conduct very specialized audit engagements:  These include:

  • Governmental, Yellowbook, MAAP,  and Uniform Guidance Compliance Audits:
    Many of our larger audit clients are required to have compliance portion of their regular financial statement audit.  We have many years of experience with MAAP reporting, Uniform Guidance Single Audits, and federal and state funding programs, including those of Rural Development, Department of Health and Human Services, Department of Agriculture, Maine Department of Education, and the Maine Department of Health and Human Services
  • Agreed Upon Procedures :
    We provide a number of Agreed Upon Procedures (AUP) engagements, which is when a client will hire us to perform specific procedures and issue a report on our findings.  Because the nature of these specific procedures can vary widely, so too can the cost and involvement of an AUP engagement.  They can be as simple as checking  to see if a client’s bank account is being reconciled correctly or as complex as spending several days performing a thorough review of  all financial procedures.
  • Peer Reviews: System reviews of those performing audits and Engagement reviews of those performing compilation and reviews.
  • HUD Audits
  • Employee Benefit Plans:  For benefit and retirement plans with over 100 participants, the Department of Labor requires the plan to to have a Limited Scope Employee Benefit Plan audit by a CPA firm.  We perform several of these audits and our firm is a member of the AICPA Employee Benefit Plan Audit Quality Center.