Audit & Assurance Services
The Audit & Assurance Services Group is comprised of seasoned professionals with special sensitivity to accuracy in financial reporting and quality control. This technically-proficient team is keenly aware of its responsibility to both clients and third party users of financial statements, and their critical role in the decision making process.
Each engagement is held to the highest professional standards and subject to the most stringent tests of quality control. In accordance with the firm’s Quality Control Systems & Procedures, engagements undergo several stages of review – first by a manager and then by the partner-in-charge – to ensure compliance with the American Institute of CPA’s standards
Our team’s approach to each audit is centered around planning, efficiency and open communication. Our audit objectives are:
- Comply with all requirements of professional standards and provide assurance that the financial statements or other financial information can be relied upon by its users to make sound business decisions
- Advance management’s understanding of financial statements so they may be used for both compliance and as a tool to help drive the organization forward
- Recommend potential improvements in business practices, internal controls and financial reporting
Our commitment to outstanding service coupled with the technical expertise and business acumen of our team sets us apart from other firms. This is evidenced by our service to other CPA firms. Heffler is often engaged to advise other firms on technical audit issues and conduct Peer Reviews of their internal controls to ensure compliance with the American Institute of CPAs’ Statements on Quality Control Standards.
The American Institute of Certified Public Accountants (AICPA) Peer Review Program is a practice monitoring program has been the cornerstone of the accounting profession’s self-regulatory program since 1977. The peer review was established to ensure that CPA firms provide high-quality services to their clients. It is a statutory requirement for Pennsylvania firms and a condition of membership in the AICPA.
Heffler undergoes a peer review of our quality control system every three years as required by the AICPA and has consistently received unqualified opinions, the top rating possible, since the program began.
At Heffler we are committed to upholding the standards of the profession, instituting sound quality control systems, and providing the highest quality of service available to our clients.
Our audit professionals stand ready to ensure your organization remains ERISA compliant. Our technically proficient team is keenly aware of all the responsibilities a Plan sponsor must contend with in today’s complex environment.
We are sensitive to the administrative and financial needs that are required to fully service employee benefit plans and we have experience in collaborating with third-party administrators, investment managers, custodians and internal departments to get to the common goal of timely issuance of the required audit report and tax filing.
Our professionals are at the forefront of changing ERISA and tax laws, rules and regulations and provide guidance on the impact on employee benefit plans.
Our practices include:
Types of Plans
- 401(k) plans
- 403(b) plans
- Traditional Pension Plans
- Health & Welfare
- Taft-Hartley plans
- Profit sharing plans
Summary of Services
- Full scope and limited scope audits
- Plan mergers
- Compliance matters
- Prohibited transactions
- Operational defects
- Prepare/review of IRS Form 5500
Audit & Assurance
Members of the service group serve privately held companies, not-for-profit organizations and unions, as well as governmental entities, the affordable housing sector and healthcare providers.
- Financial Accounting & Auditing
- Performance & Compliance Audits
- Internal Control Reviews & Audits
- Tax Credit Compliance & Audits
- Asset Based Loan Support
- Forensic Accounting
- Due Diligence Analyses