Auditing is much more than pouring
over the books and giving out a report card at the
end of a term...
Auditing and agreed-upon
procedures can provide risk management results to
your surety, lender, and trade suppliers driving
down the cost of borrowing, bonding, and product
costs. Think of it: When a company fails to pay
or perform, who picks up the tab? The rest of us,
of course. By carefully using audited statements,
or more surgically using agreed-upon procedures,
business risk can be reduced, and pricing improved
in most business relationships.
The larger
businesses already know, the certified audit is
a necessity in today's risk environment. Business
executives are understanding the fiduciary nature
of handling others money, and worried about the
personal liability that come with that responsibility.
Are you certain those pension assets are safe with
that firm? Are your health claims submitted on behalf
of your employee with a solvent carrier? Those long
time customers, who have been getting credit on
account, are going to pay right? That key supplier
is going to weather this storm right?
On
a more long-term basis, thinking about selling your
business someday? How credible are your statements
without an attestation? Will the buyer pay top dollar
for more uncertainty?
Key Benefits
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Get verification of representations
made by suppliers/providers that they are
capable to deliver. |
| • |
Reduce your cost of borrowing, your
bonding, and your bad debt from uncollected
trade accounts. |
| • |
Show fiduciary prudence and due diligence
in dealing with personal liability and ERISA
matters, such as pension, welfare, and trust
fund withholding and sales tax deposits,
to escape personal liability. |
Capabilities and Tools
The professionals at Bodtke & Stewart understand
business risk, because they are audit risks as well.
We have procedure and tools to minimize those risks,
and we apply them for you:
Due Diligence
Annual due diligence inquiry on public and private
suppliers and providers to determine financial capacity
and confirmation of transaction flow and balances.
Lending and Surety Consultations
Frank discussions with lenders and sureties about
the cost of services, with and without an audit
examination, and discussion about loan covenants
and personal guarantees by shareholder/officers.
Credit Facility Test of Customers
Perform credit quality checks on existing customers
and make inquiry regarding letter of credit support
from banks for those customers who may not be good
pay, but certainly are good customers.
If
we can serve you in your auditing and agreed-upon
procedure needs, and provide value to your business
processes, we would like to talk with you about
our value-added services. Please
contact us for a review
of what value we
can provide.
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More information on our services:
Accounting
Auditing
Tax
Consulting
Pension
Services
Litigation Support
Business Valuation
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