Agreed-Upon Procedures Engagements
BUSINESS IMPACT: Improve Credibility
Agreed-upon procedures engagements are those resulting from a request that certain procedures be performed by an external accountant who lends credibility to the results of tests, evaluations and procedures on specific elements or accounts. Prior to performing the engagement, SVA works very closely with all parties to understand the procedures desired, the extent of testing required and the purpose for which the engagement was requested.
A report detailing the findings is prepared and delivered. As an unbiased party, SVA provides no opinion or certification regarding the results.
Board and Audit Committee Advisory Services
It is necessary for board members to have an understanding of the many issues facing the organizations they serve including financial reporting, strategic planning, managing growth and overall governance. While the issues facing the board of directors can be challenging, the audit committee, appointed by the board of directors, also struggles with multiple responsibilities including oversight of the audit process and implementing recommendations. It is important that both the board and the audit committee have the knowledge and experience needed to be effective in this role.
Both the board and audit committee members often need to consult an independent advisor on matters relating to the challenges they face. SVA’s professionals have the expertise to serve in an advisory role and assist in the success of the organization.
BUSINESS IMPACT: Reduce Red Flags
Nonprofit organization managers and boards of directors are continuously challenged to keep up with new tax laws, reporting requirements, and practice standards. Our professionals provide a variety of management and governance resources to help you anticipate and prepare for new developments in nonprofit management.
Business Process, Workflow and Controls Optimization
SVA leverages its knowledge of business operations and internal controls to help organizational stakeholders identify opportunities to strengthen business processes and align technologies while minimizing the organization’s exposure to identified risks. To do so, we review an organization’s current processes and control structure, evaluate the quality of the internal accounting staff, and gain an understanding of organizational governance to make recommendations for increasing efficiency while better safeguarding assets.
Compliance Audits Using Governance
Federal, state and local funding often comes with strings attached – specific requirements that the organization must comply with in order to receive or retain the funding. SVA helps organizations to understand these complex compliance requirements and to provide assurance that the organization has complied with the requirements, particularly through compliance audits including those conducted under Government Auditing Standards.
Compliance Audits Using Government Auditing Standards
We serve those organizations receiving federal, state or county funding by providing compliance audits that are in accordance with general accepted auditing standards, the standards for financial audits under Government Auditing Standards and adhere to the requirement that we express an opinion on compliance.
SVA’s experienced professionals can perform an effective and accurate compliance audit which assists the organization in its efforts to follow the applicable regulatory requirements.