Audit and Assurance
Independent assurance built around the business.
Reliable financial information is fundamental to informed decision-making.
Investors, lenders, boards, management teams and other stakeholders depend on financial statements that appropriately reflect the underlying economics of a business. Our role is to provide independent assurance over that information through a disciplined, risk-focused audit process.
At Hudson Advisory Services, P.C., we begin by understanding the business—its operations, financial reporting processes, significant transactions and areas of judgment. We then design our procedures around the risks that matter most.
Our audit approach emphasizes professional skepticism, appropriate audit evidence, clear documentation and timely communication throughout the engagement.
Our Audit & Assurance Services
Our services may include:
- Financial statement audits
- Financial statement reviews
- Compilation engagements
- Agreed-upon procedures
- Attestation engagements
- Employee benefit plan audits
- Special-purpose financial statement audits
- Internal control and financial reporting-related assurance
- Transaction-related assurance procedures
- Other assurance and reporting engagements
A risk-focused approach
We believe an effective audit should focus professional attention where it matters most. Our teams seek to understand:
- the economics of the business;
- significant classes of transactions;
- areas involving estimation or judgment;
- the financial reporting and control environment;
- significant or unusual transactions;
- changes in the business or accounting environment; and
- matters that could result in a material misstatement.
Our procedures are then developed in response to those risks.
Communication throughout the engagement
Audit issues are easier to address when they are identified early.
We maintain direct communication with management and, where applicable, those charged with governance regarding significant accounting matters, audit findings, information requirements and the status of the engagement.
Our objective is to provide a rigorous audit process without creating unnecessary complexity for the client.