Assurance Services for Government Entities
Weaver’s audit process is a risk-based approach in which we identify potential areas of risk that could lead to material misstatement of an entity’s financial statements. We customize our audits and allocate resources based on specific client needs as well as industry experience. To evaluate your risk, we first seek to understand your organization’s internal controls and capabilities. We learn about your operations, accounting processes, priorities and strategic objectives. We will teach your staff, too, educating them about looming pronouncements or regulatory changes so that you’re prepared. And most importantly, we communicate. Our audit teams focus on creating open, honest conversations with you, from the initial planning meeting to the final board presentation and all the fieldwork in between.
Planning and Risk Assessment
Control Documentation and Preliminary Fieldwork
What makes Weaver’s audits different? Open-Communication ⊲⊲ ⊲⊲ ⊲⊲ ⊲⊲
Focus on long-term strategy Alignment with your operations and staff Working with your staff for an efficient and effective audit Efficient use of your staff as well as ours
Multidisciplinary Effort ⊲⊲ Leveraging of Weaver in-house specialists, especially for IT controls assessments and data analytics
Final Fieldwork
Function-specific staffing ⊲⊲ Customized and flexible as your needs change ⊲⊲ Year-to-year continuity
Financial Review and Quality Control
Efficiency ⊲⊲ Minimized information requests and work allocated to you ⊲⊲ Electronic work paper management ⊲⊲ Work papers shared/exchanged through secure portal Partner Involvement
Reporting
⊲⊲ Oversight and collaboration during the audit ⊲⊲ Year-round communication, not just during the audit
Depth of Resources Weaver is ranked the largest independent accounting firm based in the Southwest by Accounting Today. We have partners currently serving on the Auditing Standards Board, the Technical Issues Committee of the AICPA, various other AICPA and TXCPA committees, the Government Finance Officers Association (GFOA) Special Review Committee, and many other local, state and national accounting organizations. With these connections, we offer our clients full access to the latest information about best practices and pending changes.
Focus on Communication ⊲⊲ Hands-on partner oversight and accountability ⊲⊲ Partner and managers available to answer your questions throughout the year ⊲⊲ Timely technical updates and consultation to help you prepare for changing requirements ⊲⊲ Advance preparation to anticipate changes in your organization, systems, or processes and adapt our audit strategies to match ⊲⊲ Focus on your overall satisfaction with Weaver’s service, knowledge and accessibility
Initial Planning and Transition
Discuss Developments, Prepare for Next Audit Season
Final Report and Presentations
Control Documentation, Interim & Final Fieldwork
Data Review and Product Preparation
Benefits to You • • • • • • •
A knowledgeable engagement team that can alert you to pending changes and coach you through them Professionals at every level who understand applicable auditing standards and the special requirements of government and not-for-profit entities CAFR review by staff who serve on the GFOA Special Review Committee for the Certificate of Achievement for Excellence in Financial Reporting Practical guidance to help you work more efficiently and ensure accuracy Year-round access to consultation and advice from well-informed industry leaders Free admission to Weaver’s annual day of continuing professional education designed specifically for our government and not-for-profit clients Confidence in the results of your audit
© Copyright 2019, Weaver and Tidwell, L.L.P. For more information visit weaver.com.