Auditing

An audit is the highest level of service that a CPA can perform.

The purpose of the audit is for us to express an opinion on whether the Association’s financial statements and notes to the financial statements are free from material misstatements and are in accordance with generally accepted accounting principles (GAAP). We follow generally accepted auditing standards (GAAS) to perform our audit, but we go above and beyond these standards for our clients. We have found that certain procedures can provide a benefit to our clients and we perform those, even though they are not required to meet the basic auditing standards. Some of the procedures include examining a large percentage of the paid invoices and reconciling payments made to vendors to the signed contracts. Often, we are the last ones to look at the Association’s records and we find duplicate payments or overpayments that result in savings for our clients.

Smart QuoteFor the past 6 years, I have had the pleasure of working with Goldklang in preparing the Association’s annual audit and tax returns. The level of service provided is outstanding as they are always very responsive to our questions. The Auditor comes well prepared to answer any of the Board’s or homeowner’s questions and does so in layman’s terms. Their audits are thorough and are automatically timely submitted. Their guidance on how to correctly post income the Association was generating from the sale of parking spaces was very helpful. I have come to rely on Goldklang’s advice for any questionable issues affecting the Association’s financials outside the normal scope of things. They are a valued service provider to the Association.
General Manager