Our Services

Huberty and Associates, S.C.’s mission is to provide quality audit and accounting services on a timely basis at reasonable rates. Our goal is to be a business partner with our clients, providing an independent, objective and professional resource for our clients’ operation and success.

Regardless of your financial statement requirement, Huberty and Associates, S.C. is ready and able to serve your needs. Additionally, we will help you thoroughly understand your financial statements. This allows management to quickly identify areas requiring attention and opportunities for growth.

Many times, we are approached by existing and prospective clients to help determine what level of service, audit, review or compilation, that is the best fit for them. The discussion typically starts out with two main questions – what is required by the bank, shareholders or Board of Directors and what does management wish to accomplish through the engagement.

Audit

An audit is the highest level of service to be performed on the financial statements of an entity. The objective of an audit is to express an opinion about whether the financial statements are fairly presented in conformity with Generally Accepted Accounting Principles (GAAP).

Huberty and Associates, S.C. audit professionals use a risk-based industry-specific audit approach which is tailored specifically to your operations and reporting requirements. Risk-based audit standards give us a more complete understanding of the your business, industry, and internal controls.

Huberty and Associates, S.C.’s auditors thoroughly understand the process of conducting audits. Audit professionals are also well aware of the importance to maintain objectivity and independence. Every engagement is assigned to the appropriate management and staff based on their level of skill and knowledge of your business. We also schedule planning meetings and provide checklists to help your staff be as prepared as possible and we try keep interruptions to a minimum, as we understand your staff continues to have their daily duties to complete.

We incorporate the latest computer-assisted audit techniques in both the planning and fieldwork stage of the audit to obtain information, identify exceptions and trends and perform high-end analytics to make the audit efficient and valuable. Adequate planning also allows us to timely begin and complete an audit, unless unforeseen issues arise during the engagement.

Finally, we will communicate our findings and provide insights throughout the audit process, in addition to conducting an exit conference. Communication is a key element in our engagements. As an auditor we do not like surprises. We enjoy a smooth, trouble free audit. As a client, we know you expect the same. Accordingly we encourage proactive communications with our clients throughout the year.

What can you expect from Huberty and Associates, S.C.’s audit services?

Experienced audit teams with industry expertise
On-going communication throughout the audit
Valuable data analysis using effective technology tools
Professional advice
Pro-active communication throughout the year in response to issues and new pronouncements that arise
Risk-based focus that includes review of processes and controls

Our audit services include:

Non-profit organizations
State and Local Governments
Community Based Residential Facilities (CBRF)
Labor Unions
Wholesale distributing
Manufacturing
401(k) Retirement plans
Review of Internal Controls
Agreed Upon Procedures

Community Based Residential Facilities (CBRF)

The CBRF laws require specific compliance in order to receive government funding, and we have specialized auditing knowledge on CBRF compliance and program eligibility. Our auditors are experienced in auditing all aspects of CBRF programs, including:

Allowable costs
Allowable profit compliance
State and county compliance
Expense allocations

Review Services

If audited financial statements are not required, we can conduct a review engagement. The objective of a review is to express limited assurance that there are no material modifications that should be made to the financial statements in order for the statements to be in conformity with Generally Accepted Accounting Principles.

A review consists of discussions with company management and personnel along with analytical procedures applied to financial data. It is substantially less in scope than an audit. The analytical procedures include a review of historical trends, computations of financial ratios and industry data comparisons.

Compilation Services

If you are not in need of either audited or reviewed financial statements, compilation services are offered to assist in the preparation of your financial statements in accordance with Generally Accepted Accounting Principles. The objective of a compilation is to present in the form of compiled financial statements, information that is the representation of management/owners. No assurance is expressed on the statements.