Assurance
The foundation of our Internal Audit Practice, helping you build the most effective Audit Department possible.
Services we offer
CPA, accountant, Corporate and Individual taxes, construction, business plan outlines, corporate taxes, payroll taxes, Federal Income, Tax compliance, individual taxes, state income taxes, sales tax, compliance, in Mount Pleasant, WI Milwaukee, WI Sturtevant, WI, Lake Forest, IL Chicago, IL, small and medium sized businesses.
Financial and Operational
- Department establishment
- Audit execution
- Franchise and branch audits
- Quality assurance reviews
- Sarbanes-Oxley compliance
- External audit assistance
- Specialized consulting
- Outsourcing and co-sourcing
Sarbanes-Oxley Compliance
- Controls Testing
- Controls Rationalization
- Entity-Wide Controls
- Process Documentation
- Remediation Support
- Audit Methodology Development
- Common Findings Remediation
- Policy and Procedure Manual
Information Technology
- IT risk assessment
- Security reviews
- General controls and application controls
- Business continuity
- Disaster recovery planning
- Integrated auditing support
- Framework implementation review
- Computer-assisted audit
System Implementation
- Change Management
- Data Conversion
- Pre/Post-Implementation
- Controls
Quality Assurance
- Readiness Review
- Full External Assessment
- Independent Validation
Contact us for your assurance support
This is the foundation of our Internal Audit Practice, helping you build the most effective Audit Department possible. Auditing takes you to that next step in financial efficiency and increased productivity. Auditing takes you that step further into improvement and increased productivity.
We do this by demonstrating an understanding of the business environment, objectives, and regulations, as well as risks, and risk management priorities. We also take into account the varied requirements of stakeholders including executive management, the Board, employees, and shareholders.
There are many things to take into account to have an effective Audit Department. We understand the complexities and difficulties of the internal audit, equipping us with the ability to assist you in developing and implementing an internal audit strategy that assesses and mitigates risk, controls change, and monitors ongoing performance.
We provide several internal audit solutions including:
Financial Statement Reviews, Compilations and Preparation Engagements
Reviews offer limited assurance to outside sources and third parties on financial statements and financial statement elements. They involve a tailored combination of management inquiries and analytical reviews of financial information to identify any items requiring further investigation.
Compilations and preparation engagements offer no assurance but do provide management with a formal set of financial statements for the organization and generally are used when bookkeeping assistance is required. Compilations include a formal accountant’s report and are often used for external reporting while preparation engagements typically exclude a formal report and are often intended for internal use.
Internal Audit Assistance and Outsourcing
An internal audit has evolved from a compliance-based function focusing primarily on detection to a strategic solution valued by executives and board members. Acting on the growing importance of this strategic management tool, SVA can help. By using your internal audit function, our experts help you build a competitive advantage focusing on and improving your current risk management practices, control systems and governance processes. We provide a variety of reviews and assessments as well as full access to reliable, highly qualified in-house staff so your organization can use its resources in the way they were intended.
Sarbanes-Oxley (SOX) Controls Identification and Testing
Fulfilling corporate governance responsibilities in today’s ever-changing and complex business environment is a serious challenge. Utilizing a top-down, risk-based approach, we streamline the SOX compliance effort, eliminating excessive time investments, personnel resources and dollars on this annual compliance need. Sustainable SOX compliance assistance is provided via complete project outsourcing down to limited control testing efforts. Because our SOX compliance service professionals at JTA are practicing CPAs and external auditors, fellow external auditors usually place greater reliance on our work, thereby potentially decreasing the overall external audit effort.
System and Organization Controls (SOC 1 and SOC 2) Readiness Assessment and Reporting
A SOC report is designed to assure third-party service organizations who are expected to have appropriate internal controls and safeguards in place when it comes to hosting, processing, or accounting for their customers’ data and assets.
Potential customers requiring you to provide a SOC report are becoming more common as internal control compliance issues are at risk when critical services are outsourced to a third party.
Compliance Audits
A compliance audit is risk protection for the organization. This audit is designed to be a comprehensive review of whether an organization is adhering to applicable regulatory guidelines for their industry and/or rules laid down in a contract or agreement between the organization and other parties.
Agreed-Upon Procedures Engagements
Agreed-upon procedures engagements are those resulting from a request that certain procedures be performed by an external accountant who lends credibility to the results of tests, evaluations, and procedures on specific elements or accounts. Before performing the engagement, JTA works very closely with all parties to understand the procedures desired, the extent of testing required, and the purpose for which the engagement was requested.
A report detailing the findings is prepared and delivered. As an unbiased party, JTA provides no opinion or certification regarding the results.
Financial Statement Audits and Examinations
Audits offer the highest level of assurance to outside sources and third parties on financial statements and financial statement elements. They include an in-depth examination and confirmation of account balances, inventories and a sample of transactions.
Examinations provide a similar level of assurance as financial statements audits. However, this assurance is on the reasonableness of particular management assertions. Examples of these types of engagements include financial forecasts and compliance with laws and regulations.
Management and Audit Committee Advisory Services
Understanding your financial statements helps you pinpoint how and where your organization is making money and creating cash flow. JTA professionals can help you transform raw numbers into management tools that allow you to make informed management decisions. With clear metrics and historical data to help you make informed judgments, you receive a three-dimensional picture of your position in the industry.
Your financials are presented in a format that reveals trends and implications in easy-to-understand terms. We also provide competitive data to give you insight into what’s happening in your external environment.
Third-Party Audit Preparation
Financial audits are most often required by a third party — a bank when seeking a loan, a government agency providing funding, or as a requirement for a grant application. As an independent audit team, we assist an organization’s staff accounting team with preparation and/or review of supporting schedules and documentation that an auditor may request to support financial statements amounts and disclosures as well as organization compliance.
