Assurance Services

Your Audit Partner

Taking The Stress Out Of Audits

At Frost PLLC, we view audits as a value-added exercise for your business, creating opportunity for improvement within your organization, identifying gaps and areas for improvement, and in turn creating streamlined processes that reduce downstream burden. Our auditing process does more than just point out these gaps; we provide businesses with solutions that improve financial reporting and tax preparation processes.

Keeping precise financial and operational records within your organization ensures your company is prepared to take advantage of market opportunities as they arise. Our audit process helps companies approaching a merger, acquisition, or company sale come to the table prepared, reducing timelines, improving valuations, and minimizing risks to financing.

Assurance and audit services provided by Frost PLLC certified public accountants

Our Services

Audit Planning

Executing a proper audit within your organization means coming prepared to properly evaluate your financials and financial reporting process. Before our auditing process begins, the team at Frost PLLC will create a comprehensive plan focused on your company’s operations and audit objectives, identifying key risk areas. 

  • Evaluate and understand your control environment
  • Identify critical audit areas
  • Finalize audit strategy and documentation

Interim Phase

The interim audit phase is the foundation of a proactive audit plan. Rather than waiting until year-end reporting is complete to discover discrepancies, Frost PLLC uses this period to perform a deep-dive analysis into your financial reporting processes and internal controls. This allows your business to course-correct and strengthen financial protocols before the final reporting deadline, improving efficiency and financial accuracy. 

  • Review interim results
  • Test and document internal controls
  • Provide management letter comments
  • Update planning documentation

Year-End Audit

Our final year-end audit is where our substantive testing and valuation processes take place. We evaluate the accuracy of financial statements and the integrity of valuation methodologies to ensure a true and transparent reflection of your company’s financial performance. Final adjustments to reporting processes are made at this time to ensure a streamlined and accurate process for consecutive years.

  • Analysis
  • Substantive testing
  • Accuracy of financial statements
  • Final review of valuation methodologies
  • Normal substantive audit procedures

Reporting

A culmination of the prior phases, the reporting period is where all of the value falls into place. Getting to this stage has likely meant multiple areas of improvement for your business, streamlining your financial and records processes, and creating a culture of precision and traceability within your company. Our audit reporting consists of:

  • Overview and recommendations for improvement of financial statements
  • Recommendations for continuous improvement
  • Strategic insight into cost savings
  • Complete management review meeting
Frost PLLC’s strategic approach to company auditing helps put you in the driver’s seat. By improving processes inside your organization, we help to reduce the stresses inherent in audits and position your company as the gold standard in record-keeping and management. This proactive stance keeps you in good standing with lenders and the IRS while positioning your company to take advantage of funding for strategic growth.