Assurance, Advisory & Review
Templeton offers effective and cost-efficient, independent audits that are performed in a timely manner by our experienced team of professionals. Our objective to meet the very highest standards underlies our commitment to the development of stringent quality control procedures. We annually review select audit engagements to ensure that our audit policies and procedures are being followed.
More than Just an Audit
We approach each audit with an emphasis on early planning and work towards understanding how your business functions. This allows us to identify key audit components and tailor our audit procedures to the unique characteristics of your business and your industry. The results of our audit provides us with information that enables our team to generate insightful, constructive suggestions that can result in improved operations as well as operating and accounting procedures and controls. These recommendations are ultimately incorporated into our formal letter to management.
Our engagements can include:
- Financial statement audits, reviews and compilations
- Agreed-upon procedures engagements
- Acquisition planning and due diligence business investigations
- Sarbanes-Oxley compliance
- Strategic analysis and planning
- Forecasts and projections
- Outsource internal audit services
- Internal control reviews
- Operational efficiency reviews
Accounting Services
No matter the size or complexity of your business, we provide high-quality, value-added accounting services designed to meet your business needs.
To meet our clients’ unique needs, we deliver the following services:
- Fiduciary accounting
- Nonprofit accounting
- Fixed asset and depreciation reports
- Cash flow analysis
- Payroll tax issues
ASU 2016-14 – Liquidity and Availability Disclosure Issues
/in Assurance, Advisory & Review, Blog, Nonprofit /by John TempletonBy Tammy Ricciardella, CPA As calendar-year-end nonprofits have worked through the implementation of Accounting Standards Update (ASU) 2016-14, Not-for-Profit Entities (Topic 958): Presentation of Financial Statements of Not-for-Profit Entities, we have seen quite a bit of diversity in the preparation of the liquidity and availability disclosure required by the ASU. To improve the ability of […]
Presentation of Restricted Cash and Cash Equivalents in the Statement of Cash Flows
/in Assurance, Advisory & Review, Blog, Nonprofit /by John TempletonBy Amy Guerra, CPA Historically there has been diversity in practice among nonprofits with regard to presentation of restricted cash and cash equivalents in the statement of cash flows. To address this diversity, the Financial Accounting Standards Board (FASB) issued Accounting Standards Update (ASU) No. 2016‑18, Statement of Cash Flows (Topic 230): Restricted Cash. As […]
FASB Issues ASU 2019-03, Updating the Definition of Collections
/in Assurance, Advisory & Review, Blog, Nonprofit /by John TempletonBy Lee Klumpp, CPA, CGMA The Financial Accounting Standards Board (FASB or the Board) issued Accounting Standards Update (ASU) 2019-03, Updating the Definition of Collections, to address the issue that the definition of the term collections in the Master Glossary of the FASB Accounting Standards Codification (ASC) was not fully aligned with the definition used […]