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Audit & Assurance
The environment of business financial reporting is constantly changing. As the "public watchdog," Audit and Assurance Services at Chilton & Medley are designed to provide management, owners, directors and lenders with the confidence required to make better business decisions. Our professionals possess unique and extensive backgrounds encompassing all aspects of accounting and auditing and other business-related fields. This experience is invaluable in assisting businesses as they strive to reach their goals.
- manufacturing & distribution
- law firms
- construction & real estate
- restaurants & retail
- health care
- energy & mining
- insurance
Our range of financial assurance and reporting services includes:
- Financial statement audits, reviews and compilations
- Agreed upon procedures attestation engagements
- Compiled forecasts and projections
- Financial budgets and projections
- Internal controls review and implementation
- Fraud investigation and prevention
- Management and/or Board recommendation reports
- Due diligence procedures on behalf of buyers/sellers for acquisition/disposal activities
- Accounting issues resolution
- Evaluation of alternative accounting methods
- Restructuring & reorganization
- Offering memoranda
- SEC registration statement preparation and related filings
Chilton & Medley is a member of the Private Companies Practice Section of the American Institute of Certified Public Accountants. Members are required to undergo a peer review of their audit practice every three years. Chilton & Medley has successfully completed this peer review every three years since the formation of the firm in 1988. This review, which is performed by another CPA firm specifically trained to review other firms’ work, ensures that we are adhering to our professional standards and appropriately reporting the financial transactions of our clients.
Chilton & Medley provides annual auditing, tax and advisory services to many not-for-profit organizations, including:
- community organizations
- churches
- private schools
- membership organizations
- social clubs
- professional societies
- community foundations
- health care facilities
- governmental and quasi-governmental agencies
- tax exempt trusts
In addition to providing independent auditing services for our not-for-profit clients, many of the individuals at Chilton & Medley serve as board and committee members of similar organizations. Members of our not-for-profit audit team are also actively involved with the Center for Non-Profit Excellence, an organization dedicated to the financial success of not-for-profit organizations.
Chilton & Medley is a member of the Private Companies Practice Section of the American Institute of Certified Public Accountants. Members are required to undergo a peer review of their audit practice every three years. Chilton & Medley PLC has successfully completed this peer review every three years since the formation of the firm in 1988. This review, which is performed by another CPA firm specifically trained to review other firms’ work, ensures that we are adhering to our professional standards and appropriately reporting the financial transactions of our clients.
Our expertise includes:
- Audits conducted in accordance with auditing standards generally accepted in the United States as promulgated by the American Institute of Certified Public Accountants and government auditing standards issued by the Comptroller General of the United States and the provisions of Office of Management and Budget Circular A-133
- Internal controls and accounting process reviews
- Budgeting and internal reporting
- Cash flow management
- Fraud prevention and investigation