Audit & Assurance

    Independent audits, clearly delivered.

    Financial statement audits, Single Audits, Yellow Book audits, benefit plan audits, reviews and attestation — performed by licensed CPAs, with a clear plan, early communication and a process that protects your team’s time.

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    Free initial consultation · No obligation

    • Licensed CPA firm
    • Transparent, fair fees — quoted upfront

    What types of audits does Your Virtual CPA perform?

    Audit and assurance services are independent CPA engagements that give lenders, grantors, boards and regulators confidence in an organization's financial statements. Your Virtual CPA performs financial statement audits, Single Audits under Uniform Guidance, Yellow Book (GAGAS) audits, nonprofit audits, 401(k) and employee benefit plan audits, reviews and compilations nationwide.

    Quick Summary

    • Independent verification of your financial statements
    • Comprehensive expertise: Financial Statement, Single, Yellow Book, Nonprofit, and EBP audits
    • Review and Compilation engagements for varying assurance needs
    • Agreed-Upon Procedures for targeted testing
    • Clear communication throughout the process
    • Virtual audit delivery with organized document exchange

    This is for you if...

    Audit & Assurance Engagement Types

    Varying levels of assurance based on stakeholder needs and requirements.

    Financial Statement Audit

    Complete examination with an independent opinion. The highest level of assurance.

    Review Engagement

    Limited assurance through analytical procedures and inquiries.

    Compilation Engagement

    Financial statement preparation without assurance opinion.

    Agreed-Upon Procedures (AUP)

    Customized testing focused on specific areas of concern.

    Examination Engagement

    Attestation examination for specific subject matter.

    All audit & attestation services

    Every audit, review, SOC and agreed-upon procedures engagement we perform, grouped by who it serves.

    Nonprofit & grant audits

    Financial statement audits, Single Audits and grant compliance for charities and foundations.

    Churches, schools & associations

    Audits, reviews and agreed-upon procedures for faith-based, education and member organizations.

    Government contractors

    DCAA, FAR and CAS compliance plus financial statement audits for federal contractors.

    Employee benefit plans

    ERISA audits for 401(k), 403(b) and defined benefit plans filing Form 5500.

    SOC reports

    Service organization control examinations under AICPA attestation standards.

    Reviews, compilations & agreed-upon procedures

    Lower-cost assurance options and targeted engagements for businesses and lenders.

    Audits by location

    Audit teams serving the Washington DC, Maryland and Virginia region.

    Audit requirements & guides

    Who needs an audit, at what threshold, and how to get ready.

    CPA letters & verifications

    Audit requirements & guides

    When you work with us for an audit, you get more than a report. You get a partner who understands your organization and communicates clearly throughout the process.

    Independent audit opinion on your financial statements
    Management letter with observations and recommendations
    Clear explanations of findings (not just jargon)
    Access to your engagement team throughout the process
    Support for questions from stakeholders after delivery
    Insights to strengthen controls and processes

    What it looks like to work together

    1

    Discovery call

    We learn about your organization, audit requirements, and timeline.

    30 min
    2

    Engagement planning

    We outline the scope, deliverables, and schedule together.

    3

    Document gathering

    You provide access to financial records and we begin our review.

    4

    Fieldwork

    We conduct testing, confirmations, and detailed examination.

    5

    Draft review

    We share preliminary findings and discuss any questions.

    6

    Final report

    You receive your audit opinion and management letter.

    Delivery

    Not sure which service you need?

    Question 1 of 3

    What best describes your current financial situation?

    Frequently Asked Questions

    We perform a comprehensive range of audits including Financial Statement Audits, Review Engagements, Compilation Engagements, Agreed-Upon Procedures, Single Audits, Yellow Book Audits, Compliance Audits, Nonprofit Audits, and Employee Benefit Plan Audits for 401(k), 403(b), and ERISA plans.

    Timing depends on the size of your organization, the type of audit, the condition of your records and when your report is due. We agree on a schedule with you before fieldwork starts and plan around your deadline.

    An audit provides the highest level of assurance through detailed testing and verification. A review provides limited assurance through analytical procedures and inquiries. A compilation simply presents your financial information without assurance. The right choice depends on what your stakeholders require.

    Yes, nonprofits are a significant part of our practice. We're experienced with nonprofit accounting standards, grant compliance, and the specific reporting requirements that funders and boards expect. We perform Nonprofit Financial Statement Audits, Single Audits, and Board-Requested Governance Audit Support.

    A Yellow Book audit follows Government Auditing Standards (GAGAS) and is required for many organizations receiving government funding. It includes additional requirements beyond a standard audit, including testing of internal controls and compliance with grant terms.

    Organizations that spend $1,000,000 (raised from $750,000 effective for fiscal years beginning on or after October 1, 2024) or more in federal awards in a fiscal year must have a Single Audit under Uniform Guidance. This comprehensive review examines both your financial statements and your compliance with federal program requirements.

    Audit fees vary based on the size and complexity of your organization, the type of audit required, and the condition of your records. We provide a detailed proposal after our initial consultation so there are no surprises.

    Yes, we perform Employee Benefit Plan audits for 401(k) plans, 403(b) plans, and other ERISA-covered plans. These audits are generally required once a plan has 100 or more participants with account balances at the start of the plan year and ensure your plan is properly administered.

    SOC Readiness (or Controls Readiness) helps organizations prepare for a SOC 1 or SOC 2 examination by evaluating their internal controls. We help identify gaps and recommend improvements before the formal examination.

    Yes. Most of our audit work is performed virtually: documents are exchanged electronically, confirmations go directly to banks and other third parties, and walkthroughs are scheduled with your team. Where on-site procedures are needed, such as observing inventory, we plan them with you in advance.

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    Key Takeaways

    Audits provide third-party confidence in your financials
    Multiple engagement types for different assurance needs
    Specialized in nonprofit, government, and benefit plan audits
    Virtual delivery means less disruption to your team
    Clear timelines and no surprise fees
    Recommendations to strengthen your organization

    Ready for assurance that your financials are accurate?

    Whether the audit is for a funder, a lender, a regulator or your board, we'll scope it with you and give you a clear plan and fee upfront.

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