Our Audit and Accounting Services include:

  • Financial Statement Audits
  • Financial Statement Reviews, Compilations, and Personal Financial Statements
  • Employee Benefit Plan Audits
  • HUD Audits
  • Agreed-upon Procedures 
  • Audit Preparation and Tax Provision Assistance

Audit/Accounting

Business owners and lenders often seek assurance from independent third parties, to be certain their financial statements are prepared properly and adequately disclose their business operations. Accurate and timely financial reporting provides critical information needed to effectively guide key business decisions. By pinpointing potential areas of concern and using prescribed methods, LGSH prepares financial statements that conform to regulatory standards.

In today’s global and technology-driven world, financial statements have never been more scrutinized. Third-party users of financial statements expect them to be accurately completed and this can be a huge challenge considering accounting standards are constantly changing.

Our extensive knowledge enables us to prepare financial statements that our clients trust to be complete, accurate, and meet the needs of owners and third-party users. We are committed to the highest standards when performing audits, reviews and compilations, and we deliver quality results.

Businesses need auditors and advisors who understand their specific industries and vertical markets. At LGSH, we design audits specifically aligned with your business functions and that go beyond just the numbers. Your company’s long-term strategy and potential risks must be effectively assessed and managed—and our experienced team of CPAs provides this level of guidance throughout the entire audit process.

Our engagement team utilizes resources in the most efficient way to provide extremely reliable audit services.  For each audit, we make certain Company management and our engagement team works together with detailed, agreed-upon expectations. 

After an audit is complete, LGSH presents more than just an audit opinion letter and management letter recommendations. With the knowledge gained throughout our thorough audit process, we provide value-added strategies and solutions that help achieve financial and operational success.

Whether a client is starting a new business or has a financial statement requirement, we take the time to get a complete understanding of each client’s unique needs. We provide the type of financial statements or reporting necessary to achieve their financial and regulatory objectives. Our CPAs have an in-depth knowledge and an authoritative understanding of all financial accounting standards, enabling us to meet the highest professional standards required in our profession.

LGSH has the experience to help you meet your employee benefit plan’s annual audit and filing requirements. We have highly specialized employee benefit plan auditors, who understand the complex challenges plan sponsors face, and they share their knowledge and insight with our clients throughout the process. We recognize the importance of effectively, establishing and operating an employee benefit plan within a stringent regulatory environment.

LGSH’s experience includes annual audits of these types of plans:

  • 401(k) plans
  • Defined Contribution Plans
  • Defined Benefit Plans
  • Employee Stock Ownership Plans (ESOP)

Our ultimate goal is to help you successfully manage your employee benefit plan and have an efficient, low-stress, and “no-surprise” audit experience. Discover how your company can also benefit from our broad knowledge and experience with these additional services:

  • Employee Benefit Plan Audit, Accounting
  • Evaluating Compliance
  • Reviewing Fiduciary Responsibilities
  • Developing Best Practices

LGSH, LLP is a member of the Employee Benefit Plan Audit Quality Center (Center) for CPA firms. Under the auspices of the AICPA, this Center is a national community of CPA firms, demonstrating a commitment to employee benefit plan audit quality and raising awareness about the importance of employee benefit plan audits.

HUD audits are performed on HUD-assisted multifamily housing projects owned by business entities and nonprofit entities. LGSH’s knowledgeable audit team assists our clients with their financial statements to comply with both generally accepted accounting principles and HUD's requirements. These reports are based on an audit of the financial statements in accordance with generally auditing standards and generally accepted government auditing standards. The HUD audit also includes the audit results in reporting on the project's compliance with laws and regulations affecting HUD-assisted programs.

There are times when a company needs procedures performed on a specific area and may also need another type of report, other than an audit, compilation, or review.

Examples of agreed-upon procedures include special reviews of management fees, calculations of specified requirements, or accounts receivable collections. We can assist in developing unique agreed-upon procedures to meet the needs of our clients or regulatory agency