Audit and Assurance

Audit & Assurance Services

MBE offers a variety of Audit and Assurance services to meet your financial statement and regulatory reporting requirements.

Our Audit & Assurance Services

Financial Statement Audits

Our expert auditors use a risk-based approach to design an efficient and effective audit of your entity’s financials statements, and ensuring those statements are presented in accordance with the applicable accounting standards.

401(k) Audits

We provide audits of employer-sponsored 401(k) plans.  Whether required by the DOL, or to provide confidence the plan is operating in accordance with the plan document and DOL regulations, our audit services are able to meet your specific needs. 

Nonprofit Audits

We understand the unique financial reporting requirements of non-profits, including compliance with complex regulations and donor expectations. Our audit and review services help ensure your non-profit is properly presenting its financial information, to ensure donors have the information they need when supporting your organization. 

Agreed-Upon Procedures

Agreed Upon Procedures engagements allow us to provide customized procedures to your books and records.  Our team will collaborate with you to define the areas of focus and specific procedures to meet your organization’s needs. 

State DHS/DCF Audits

We provide audits in compliance with the State’s Department of Health Services (DHS) and Department of Children and Families (DCF) audit guides.  Our specialization with these unique audit guidelines ensure your audit is performed in accordance with the standards required by your contracts. 


Our team conducts a thorough review of your financial data by performing analytical procedures and inquiries to assess your financial statements for areas that may be misstated. We focus on identifying and analyzing key areas that may pose a risk to the accuracy of your financial information. 


Compilations involve organizing and presenting your financial data in accordance with the relevant accounting principles. We work with your team to compile financial data into clear and concise statements. Properly presented financial statements are essential to manage your organizations financial performance, maintain accurate financial records, and meet external reporting requirements. 

Audit & Assurance

The MBE CPAs Audit Advantage

When it comes to entrusting your financial reporting and compliance needs, you deserve a team that possesses expertise and embraces efficiency, innovation, and open communication. Here’s why choosing us for audit and assurance services will benefit your business and put you on the path to success.

Phase 1 – Pre-Planning

The first step of the audit is pre-planning, which consists of us providing you with a list of preliminary items needed in order to gain a better understanding of the organization and assess risks related to the audit areas. After we receive all requested items, we will schedule a meeting with management to discuss any further questions our team might have and to gain an understanding of client procedures and processes related to the organization.
Obtaining an understanding of the client is a very important step in the audit process. We obtain our understanding by interviewing your personnel and management team. Throughout the audit process, the auditor will ask pertinent questions regarding the organization. These include questions regarding the nature, mission, income, major expenses, background of personnel, and current and future plans of your business, to name a few. Additionally, we will review the current and past financials with your personnel to gain an understanding of changes in account balances, income, and expenses.
Auditing standards require that we gain an understanding of internal controls, assess control risk, and in some cases, test controls. This involves identifying and documenting the controls and their use. Internal controls may then be tested if we believe the controls can be relied upon to reduce risk.

Phase 2 – Planning and Timing

The next step is to develop an audit plan and design audit programs and specific procedures to be performed. This phase also includes the performance of preliminary analytical procedures and communication with your staff for assistance with information to be provided by your organization.

Phase 3 – Fieldwork

Fieldwork consists of both substantive audit tests and analytical reviews. We will schedule fieldwork with your staff for our team to come on-site and perform the required procedures. During this phase, we will discuss, with management, the results of our work and our preliminary recommendations. Your staff will be required to gather the documents selected for review and be available for follow-up questions.

Phase 4 – Review and Wrap-Up

In order to ensure that our final audit is of the highest quality, the files and reports will pass through two reviews. Upon completion of our reviews, we will provide you with a draft of the audit report for management’s approval.

Phase 5 – Report Issuance

At the end of the engagement, we will meet with your organization to present our audit report and management letter. MBE CPAs will also be available to you during the year to answer any questions that might arise with implementing the recommendations we provide.

A Person Using Laptop

Discover The Impact of A Successful Audit

Increased financial transparency and accountability

Financial audits are the highest level of assurance a CPA can express over your financial statements and provide reasonable assurance that your financial statements are not materially misstated.  This provides users of the financial statements comfort over the accuracy of the information presented, which fosters better decision-making for internal and external users.

Benefits of incorporating control activities

Auditors are required to obtain an understanding of each organization’s internal controls, such as segregation of duties, approval processes, and access to financial information.  Any significant weaknesses found with internal controls will be communicated at the conclusion of the audit, which can be used as a starting point to make improvements to your internal control procedures.

Enhanced investor confidence

A well-executed audit helps establish a solid foundation for accurate financial reporting. This helps attract investors who rely on transparent and trustworthy financial data to make informed decisions.

How a Successful Audit Can Save You Money

How a Successful Audit Can Save You Money

You’re killing it. You’ve hustled your way to the top, and everything seems to be going great. But wait – what about audits? You might think, “I have everything under control. Why should I worry about audits?”

The Ultimate Business Insurance Effective Internal Controls

The Ultimate Business Insurance

Operating a business is akin to playing a risky game. No matter how well-thought-out your moves are or how resilient your strategies are, threats to your financial and operational stability are always lurking.

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