AUDIT & ASSURANCE
Prepare your business for success.
ELO CPAs & Advisors understands how important accurate data, controlled risk and focused compliance is to businesses, shareholders/owners, lenders, investors and other stakeholders.
Our experienced CPAs can provide thorough and efficient auditing and accounting assurance services to insure confidence in your business. We take the time to learn about your individual needs and provide regular updates on financial and regulatory developments that may affect your business. Our commitment is to always deliver accurate and reliable auditing and assurance services combined with valuable advice.
Professional memberships. Impeccable service.
Through our membership in the AICPA (American Institute of Certified Public Accountants) we participate in a rigorous peer review program, which helps ensure the quality of our professional services.
ELO CPAs & Advisors also provides peer review services to other CPA firms throughout the region.
​
Compilation and Review Services
-
Interim reporting
-
Annual reporting
​
Industries Served
-
Agribusiness
-
Construction
-
Manufacturing
-
State and Local Government
-
Not-For-Profit Organizations
-
Employee Benefit Plans
-
Retail
-
Credit Unions
-
Hospitality
-
Healthcare
​​
Non-Traditional Engagements
-
Agreed-upon procedures
-
Forecasts and projections
-
Systems (internal control) reviews
-
Forensic Investigations and Audits
Frequently Asked Questions
Do you have any recommendations for improvement in operations or internal controls?
There would not be a specific answer to this question as each company would be different. As part of the audit process, ELO reviews the Company’s internal controls and other processes. Recommendations are made to management as to any deficiencies in systems or processes along with recommendations that could be made to improve those areas. ELO also has a consulting practice that is able to work with management to strengthen and/or improve operational matters that may be identified in the audit process.
Are there areas in our internal controls/procedures/operations that make us susceptible to fraud?
This answer would be similar to the prior question. As part of the audit process, ELO conducts a robust fraud risk assessment process to identify areas susceptible to fraud. ELO has a certified fraud examiner on staff and can assist a company in conducting its own internal risk assessment process.
How does my Company compare to others in my industry? And what areas do I need to improve?
ELO provides comparative financial information as part of the presentation of the Company’s financial report to assist in making financial reporting more understandable and useable.
What is the value of my Company (private companies)?
An audit does not provide a valuation of a Company. It can provide assurance that the values that are being used to value the Company are reliable in building and determining company value. ELO has Certified Valuation Analysts on staff that can perform a valuation of the Company, if desired.
What is the value of an audit? Why should I have one?
What is the difference between a compilation, review, audit or agreed-upon procedures engagement?
How do new accounting standards impact my business? What changes do I need to make?
What does the cash flow statement mean or tell me?
What does the Uniform Guidance (Single Audit or YB changes) mean to me in managing federal programs?
Can ELO CPAs & Advisors provide peer review services to other CPA firms?
Contact Lucas
for more information
As an Audit Manager, Lucas Hauert assists in managing the audit and tax operations in Yankton. He provides consulting, audit and attest services, and tax planning and preparation services for ELO clients. Lucas also assists in developing and organizing the audit and attest policies for ELO.
