Audits, Reviews and Compilations

The CPAs at DWD have provide assurance services to clients throughout Fort Wayne and Marion, Indiana. There are three types of assurance services: audits, reviews and compilations. Audited financial statements give the highest level of assurance allowing auditors to express an opinion of the organization. Reviewed financial statements contain some inquiry and analytical testing, however, do not express an opinion. These statements contain "limited assurance." A compilation of financial statements is the simplest form of preparing statements and for these no inquiry and analytical testing is performed and neither is an opinion.

The CPAs at DWD are qualified to perform the following types of specialized audits:

Rural Development (RD) Government Assisted Housing
Government Auditing Standards (Yellowbook)
Single Audits
Employee Benefit Plans Audits*

*Businesses and nonprofit organizations that provide an employee benefit plan and have at least 100 people eligible to participate in the plan, are required by the Internal Revenue Service to have the plan audited annually.

DWD audits employee benefit plans and pension plans for:

Initial year plans that are required by the IRS to have additional audit procedures performed
On-going plans that are administered by a CPA or (TPA) firm that is not permitted to audit the plan due to conflict of interest issues