AUDIT

Our firm performs audits in accordance with U.S. generally accepted auditing standards and the standards applicable to financial audits contained in Government Auditing Standards issued by the Comptroller General of the United States for nonprofit organizations, employee benefit plans, governmental entities, and for-profit entities.  The purpose of an audit under U.S. generally accepted auditing standards is to render an opinion that the financial statements are fairly presented, in all material respects, in accordance with U.S. generally accepted accounting principles.  We also perform audits in accordance with requirements of the Single Audit Act as stated in the U.S. Office of Management and Budget Circular A-133; the regulations of the Texas Education Agency and the Texas Commission on Environmental Quality; and the requirements set forth in the U.S. Department of Housing and Urban Development audit guide.

Our audits are planned and performed to meet the objectives and criteria of the applicable audit standards, with minimum disruption of our clients' ongoing operating activities.  We also provide guidance for our clients to prepare as much documentation as possible to reduce professional time required to complete the audit.  At the conclusion of our audits, we issue separate reports to management describing the conduct of the audit and presenting recommendations for improving internal controls and operating efficiency.