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Audit & Assurance

“No one wants to go through an audit process – whether it’s one of our employee benefit plan clients or our nonprofit clients, there’s the same notion that it’s a necessary evil. Everyone in our group focuses on minimizing disruption to the client, reporting accuracy, and creating the best experience and outcome for our clients.”

 

– Jeffrey A. Elwell, CPA, Director

 

Audits don’t have to cause headaches and business disruptions. While the regulatory environment may have you inclined to tighten internal controls, we’re happy to say that it has had very little impact on audit and assurance processes at BLS. We’ve got a ‘just right’ approach and report structure that earned kudos from the Department of Labor upon review of our audit documentation and process checklists.

Whether an audit or review is for a regulatory requirement, a lending need or required as a part of shareholder ownership by-laws, we have processes in place to assist nonprofit organizations, employee benefit plans, privately held corporations and governmental agencies.  Don’t worry – we’re here to help.

Our Audit & Assurance Services Include
Contact Our Audit & Assurance Professionals

Looking for assistance with Audit & Assurance? For additional information on our audit & assurance services, please contact Jeff Elwell, CPA, at 302.225.0600, or click here to email Jeff. In a brief consultation he can assess your situation and determine the best way to proceed.

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    For additional details please contact Jeff. He looks forward to hearing from you.

     

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  • BELFINT PLAN AUDIT BLOG

  • BELFINT NONPROFIT BLOG

    • ASU 2013-06: Reporting of Services Rendered from Personnel of an Affiliate

      In April 2013, the FASB issued Accounting Standards Update (ASU) 2013-06, Not-for-Profit Entities: (Topic 958): Services Received from Personnel of an Affiliate. ASU 2013-06, effective for fiscal years beginning after June 15, 2014, clarifies how nonprofit entities recognize and measure services received from personnel of an affiliate to ensure consistency amongst financial statement presentations.

    • Does your ERISA 403(b) Plan need a financial statement audit?

      Many nonprofits who sponsor ERISA 403(b) plans are not aware that they need an audit, because counting participants involves much more than knowing how many full-time employees the organization has or how many account balances are in the plan.

Accounting | Audit | Advisors | Consultants | CPAs - Belfint Lyons Shuman is a Certified Public Accounting Firm serving companies across Delaware including Wilmington, Dover (DE) and Pennsylvania including Philadelphia and West Chester (PA). BLS focuses on serving the needs of construction companies, employee benefit plan audits, law firms, medical practices and nonprofit organizations. We also assist international companies with international tax, FBAR compliance and regulatory services.

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