Audit & Assurance
Our audit team members started their careers with big four accounting firms. They have the extensive knowledge of GAAP and the experience to provide you with a quality audit with minimal interruption to your day-to-day operations.
Audit of Financial Statements
We view our role in the financial reporting process as an opportunity to provide constructive solutions for maximizing your company’s profitability and efficiency. Privately held companies are finding it increasingly difficult to keep up the financial reporting requirements of GAAP. FKC understand these challenges and can help provide the guidance your company needs.
We take audit quality seriously at FKC. Our firm goes through a rigorous peer review for our audit practice as required by the AICPA. A copy of our most recent certificate can be found here. FKC has attained the highest level of peer review for privately held companies for an accounting and audit practice in the United States of America based on quality control and compliance standards established by the AICPA.
Employee Benefit Plan Audits
FKC is a member of the Employee Benefit Audit Quality Center of the AICPA. Center membership provides access to comprehensive resources that assist us in further enhancing the quality of our employee benefit plan audits. As a member our firm must participate in annual updates which provide timely information on a variety of technical, legislative, and regulatory subjects that we in turn can apply to your employee benefit plan audit to help ensure compliance with the ERISA standards and changes in regulations. At FKC we focus on 401(k) plans with 100-1,000 employees and can provide full scope or limited-scope audits.
Single Audits
Single audits are a critical component for organizations that receive federal grants. At Fiorita Kornhaas & Company, PC, we specialize in conducting efficient and comprehensive single audits, ensuring your organization’s compliance with government regulations and grant requirements. Our experienced team will help you navigate the complexities of single audits, delivering clear, actionable insights that enable you to focus on your mission while staying accountable to your funding sources. Trust us to streamline the process and keep your organization on the path to success.
Not-For-Profit Audits
Not-for-profit (NFP) accounting is different from accounting in other industries. FKC has membership in both the AICPA Not-for-profit section and the Government Audit Quality Centers. This ensures we keep up to date on changes in financial reporting for our NFP clients, as well as providing us with the resources to meet the specialized needs of our valued NFP clients. Correct and complete 990 preparation requires experience. State legislation determines when a NFP requires an audit. In the state of Connecticut if your annual gross revenue is over $500,000 an audit is required, let FKC help you.
Review, compilation and agreed upon Procedures
For businesses who have a financial reporting need, but do not require a full audit, FKC can help. Our highly qualified professionals will assist you in determining the level of assurance you need and provide your company with the services you require to provide meaningful information to help you make key business decisions and strengthen the value of your business.
Back Office & Accounting Services
Meaningful, well-organized financial records ensure that your business operations will run more efficiently on a daily basis and are the foundation of a successful business. Our qualified staff can assist you with the day-to-day tasks associated with bookkeeping, providing support for your existing bookkeeping staff, or performing the bookkeeping for your company.
