Independent CPA Audit. Reports You Can Trust.

A CPA audit is an independent examination of an organization’s financial statements and related financial information. During an audit, a CPA performs procedures to obtain sufficient appropriate audit evidence and provides an independent opinion on whether the financial statements are presented fairly, in accordance with the applicable financial reporting framework.

An audit provides a higher level of assurance than a CPA review or compilation. Organizations may need audited financial statements when required by a lender, regulator, funding organization, board, investor, contract, or other stakeholder.

Tafe provides remote CPA audit services to help organizations understand the audit process, prepare the required records, and complete their engagement efficiently.

An audit is commonly required when a nonprofit must meet federal or state reporting thresholds, when a lender or investor requires audited financials as part of a financing agreement, when a government agency mandate audited financials for grant compliance, or when a company is preparing for a merger, acquisition, or significant transaction.

You simply schedule a consultation call.
* Confirm your financial period
* Review your documentation status
* Determine readiness
* Provide pricing and onboarding steps
An engagement letter is then issued to begin the audit.

CPA audits are performed in accordance with Generally Accepted Auditing Standards (GAAS) and other professional standards issued by the AICPA.

* Risk assessment and planning
* Evaluation of internal controls
* Substantive testing of accounts
* Audit evidence gathering
* Formal audit report issuance

The documents required depend on the organization’s financial activities and the scope of the engagement. Commonly requested information may include:

• Financial statements
• General ledger
• Trial balance
• Bank statements and reconciliations
• Accounts receivable and payable information
• Payroll records
• Debt and loan documentation
• Fixed asset records
• Revenue and expense documentation
• Supporting schedules
• Relevant contracts and agreements
• Previous financial statements or audit reports

The audit team will provide a specific document request based on your organization and engagement.

The timeline for a CPA audit varies based on the size and complexity of the organization, the condition of its accounting records, the number of transactions and accounts involved, and how quickly the requested documentation is provided.

Organizations can help keep the audit on schedule by:

• Providing complete financial records
• Responding promptly to CPA questions
• Preparing requested supporting documentation
• Resolving outstanding accounting issues
• Communicating important deadlines early

Tafe works with organizations to establish a clear process and timeline based on the requirements of the engagement.

You will receive a formal audit report including the independent auditor’s opinion, audited financial statements. This includes a balance sheet, income statement, statement of cash flows, and notes to the financial statements – and if applicable, a management letter outlining any internal control observations or recommendations.

Yes. Many audits can be completed remotely using secure digital document sharing, virtual meetings, and electronic confirmations. However, depending on the nature of the organization, internal controls, or specific regulatory requirements, certain procedures may still require an on-site visit.