Financial Audits, Reviews and Compilations
Miller Kaplan Arase LLP partners perform audits, reviews and compilations of financial statements backed by more than 70 years of experience and tested during multiple economic cycles and across numerous industries. We provide assurance services at every level clients may need including:
- Financial statement audits, reviews and compilations
- Audits conforming to International Financial Reporting Standards (IFRS)
We tailor procedures for audits of financial statements to each engagement. Audits may include obtaining an understanding of accounting systems, and confirming assets and liabilities with financial records, transactions and invoices.
Many of our clients have international components in their businesses. We regularly manage the necessary adaptations from U.S. Generally Accepted Accounting Principles (GAAP) in our preparation of financial statement audits on an International Financial Reporting Standards (IFRS) basis. In addition, notable areas of our audit services include conducting licensing and royalties audits for entertainment and technology clients and performing agreed-upon procedures (AUP).
Delivering Audit Reports with Value
Often, clients view our auditing services as delivering more value than the typical, rote audit engagement. Miller Kaplan auditors offer big-picture guidance on improving efficiencies and growing reserves.
At the completion of an audit, Miller Kaplan will issue financial statements that have been prepared in accordance with GAAP and contain all required disclosures and opinions. We also offer recommendations, which we base on experience across a range of industries and on our client’s specific goals and challenges. These audit reports provide useful financial snapshots and intelligence for our clients’ internal strategic planning and for external communications with finance sources.