Government & Not for Profit
Whether your organization is a municipality, school district, or a not-for-profit organization, Frost’s assurance approach is based upon years of experience with governmental and not-for-profit entities. Our audit methodology is a risk-based approach that develops audit procedures through analysis of critical audit areas. Our familiarity with your environment and economics allows us to make a quick assessment of those audit areas that are critical in an entity. An experienced assessment of risk is integral to an efficient and productive financial statement audit.
Throughout the audit engagement, from planning to reporting, generally accepted auditing standards require an understanding not only of your specific entity, but of both the industry and the environment in which you operate. Our team recognizes and understands the wide range of issues faced by your organization.
We believe in providing the highest quality services under the standards of our profession and have developed a Quality Control Policies and Procedures Manual that sets forth stringent quality control standards for our firm. In connection with our emphasis on quality, we are members of the Center for Public Company Audit Firms. Members of this section undergo a peer review by a qualified review firm every three years, which is then submitted for review and approval by the American Institute of Certified Public Accountants (“AICPA”).
As further evidence to our dedication to quality service, we are members of the Governmental and Quality Center of the AICPA. This allows us to obtain additional resources, participate in quality control seminars, and conduct additional quality control procedures.