Audit and Accounting Services

Clients are becoming aware of the increasing risk that a fraud will be perpetrated against their company, oftentimes by long-term and previously loyal employees. Wipfli has professionals who specialize in forensic accounting and help you determine if and when company assets have been stolen. Services include assistance in measuring the amount of loss for insurance and prosecution and expert witness testimony in support of the claim of loss. These same experts consult with you on fraud prevention techniques that have proven very effective in discouraging fraudulent activities.

Though you strive to provide seamless customer service and transparency to your customers, customers still often request validation of your internal business process controls.  For this reason, you need to offer transparency of information with open auditing of customer-related records to meet and exceed customer expectations.  Wipfli can assist in providing an objective analysis of your business process controls.

The Statement on Auditing Standards (SAS) No. 70, Service Organizations, is a guideline that allows service organizations to disclose their business control activities and processes to their customers and their customers’ auditors in a uniform reporting format.  A SAS 70 Audit is not a predetermined set of control objectives/activities that organizations must achieve.  However, a SAS 70 Audit allows organizations to demonstrate business control objectives.  It also provides the ability to evolve controls and increase the level of audit evidence, thereby demonstrating improvements to customers and business partners.

There are currently two types of SAS 70 examinations:

• Type I - Describes controls as of a specific point in time
• Type II - Includes the description and detailed testing of controls over a minimum six-month period

Wipfli LLP – Public Company Services

Integrated Financial Statement Audit

Wipfli is a member of the Public Company Accounting Oversight Board (PCAOB) and has all of the resources necessary to serve as the external auditor for the small to medium-sized public company within the industries we serve. We have a long history of providing audit services to public companies. In servicing public companies, we take a realistic approach to the integrated, audit and challenge the companies management to document and test the key controls that have the most significant effect on providing an appropriate internal control system over the financial reporting process. These controls become the basis for the intergrated audit that focuses on the risks present in the public company. 

Our partners take an active role in managing our public company audit engagements. This active management style gives you more access to the decision makers than our competitors in the national firms. Our partners staff public company engagements not only with audit and tax professionals with experience in your particular industry, but also with professionals in all areas of our service lines to ensure that you get the best service. These additional professionals will have expertise in internal audit, information technology, valuation, and fraud. 

The professionals in Wipfli’s Public Company practice regularly attend continuing education related to Securities and Exchange Commission filings and auditing in the public arena. We also participate in annual SEC and PCAOB conferences. As members of the AICPA’s Center for Audit Quality, we have access to many of the same resources as the national firms.

Temporarily without an accountant because of vacations, family medical leave, unexpected illness, or turnover? Day-to-day operations cannot stand still. Use Wipfli's pool of experienced accountants to help you through your temporary crisis and keep your routine accounting functions running smoothly.