With today’s fluctuating business world come many risks that affect the wellbeing of your company.
Our Audit and Assurance practice helps clients make sense of the risks, as we work to understand every nuance of your business and the industry in which you operate, and how these risks may impact your financial performance and growth.
By following industry trends and focusing on a balanced set of both financial and non-financial measures, we will provide performance measurements for managers through customized audit procedures, including identifying resources for benchmarking, developing a system to capture reports and monitor performance measures, and defining strategies to facilitate processes.
Financial measures are critical to every business. By using a tailored audit approach, Odoni Partners will help you predict future results and assist with decision making, while assuring your stakeholders, as well as tax authorities, banks, suppliers and customers, that your financial statement fairly represents your business.
Odoni Partners is periodically subject to an independent peer review of our system of quality control over our accounting and auditing practice to ensure compliance with the requirements established by the American Institute of Certified Public Accountants.
At Odoni Partners, we tailor our approach to meet your business goals. We will evaluate risks and challenges in order to assess their significance to your business, and how they will affect your financial statements.
Our professionals will analyze the key processes you have in place to manage these risks and the procedures used to record transactions. We will also identify and investigate differences, evaluate our findings, develop our opinions, and document and report our findings.
Our team of professionals will assist you in:
- identifying your goals
- consolidating measurement information relevant to your business’s progress against these goals, and
- interventions made by your managers in light of this information with a view to improving future performance against these goals.
Developing a budget or forecast is often a complex, time-consuming task. Recent economic events and accounting reporting issues have resulted in greater scrutiny of accounting reports, including budgets and forecasts.
Audit and assurance are at the core of our services at Odoni Partners LLC. Through the audit process, we are able to discover new elements of your business, unlock potential opportunity, and leverage insights to set your business on a path towards success. The audit process can seem daunting to many businesses, but at Odoni Partners LLC, we are able to support you through every step of the process. A successful audit and review can help you discover missed opportunities from an internal perspective. It can also show your stakeholders, whether they are investors or shareholders, that your business operations can be trusted and are portrayed as accurate in your financial and other documents. An audit can be an exciting process when you have a team of experts on hand to help you understand the process as well as provide tailored recommendations on how to improve your business operations. No matter what your audit needs, we can work with you to find a way to meet them.
There is no “one-size fits all” solution to your audit needs. A mix of macro industry trends, geographic regulations, and trends, and business-level analysis can provide a snapshot of your business. However, it can be difficult to create internal controls when you’re an internal employee. In addition, you may feel pushed towards providing quantitative or qualitative measures of success, depending on the culture and industry of your business. Odoni Partners LLC can guide you in creating both qualitative and quantitative benchmarks for success. It is vital to measure success in both qualitative and quantitative forms, as each of these areas may hold the key to new business opportunities.
Audit and assurance services can serve both internal and external stakeholders in gaining a better understanding of your business. Audit services tend to focus on past transactions and are fact-based. On the other hand, assurance services can support key business representatives in their work. When your business is audited, it shows stakeholders that you are complying with regulations and that your financial statements are accurate. At times, it can also result in an uptick in the valuation of your business because your investors are now assured that your business is accurately represented by its financial statements.
We are transparent in our audit process, and conduct audits by gathering as much information as possible on your business in order to understand key business and industry factors affecting your transactions. We communicate with you throughout the audit process and make sure that your business is aware of the next steps that we may take in the process. We are then able to effectively advise you on business strategy from the results of our audits. If you are looking to save costs, increase productivity, create new performance measures, or even forecast your future business outlook, we are able to advise you on strategy.
Our assurance services fall under the financial and non-financial categories. In financial assurance services, we are able to advise you on financial decisions to increase cash flow and revenue; help you understand the areas of your business that are not profitable and learn whether you should sell parts of your business. We can also project future finances based on the information that we learn through our audit and assurance services. In a non-financial capacity, we are able to advise your business on possible internal controls to ensure compliance, help set benchmarks for your business to achieve, and analyze other areas of your business.
We serve a wide range of clients in various industries, so we are able to provide industry-specific knowledge throughout the audit and assurance processes. Our services are tailored to your industry, whether you are a non-profit or private business so that you can have an accurate outlook of your future. The future of a business depends not only on internal factors, but financial projections may also be affected by external factors. We take all factors into account when conducting audits and assurances. Your decision-makers will be able to set a strategy with the most accurate and up-to-date information available. We can advise your business on ways to streamline operations and free up cash flow, based on our findings. In the complex world of audit and assurance, our team of experts can help you decipher key business takeaways based on both financial and non-financial analyses. We can help your business mitigate risk while planning for growth in the future. Furthermore, if your business or industry is subject to changing financial reporting regulations, we can advise you on compliance.
Whether you are looking for financial analysis, long-term business strategy, or advisory services on business growth or expansion, our team of experts can lead you towards your goal. Contact us today to learn how we can assist you in unlocking your full potential.