You can rely on a Walker & Armstrong audit of your financial statement to satisfy
the scrutiny of lenders, investors and regulators.
Walker & Armstrong is a recognized leader in performing quality
and timely audits for a wide variety of
industries, not-for-profit entities,
and state, tribal and local government
The Walker & Armstrong Difference
We do not simply help you comply.
We help you succeed.
Walker & Armstrong was established in 1971 on a
simple premise: To help our clients enhance their success and achieve their
goals. The importance of delivering uncompromising client service – as you
define it – and exceeding your expectations is instilled at all levels of our
firm, and it is fundamental to our core values of:
The “Walker & Armstrong Difference” is
evident to the hundreds of business owners with whom we
have served as partners in planning and progress.
We Are Easy to Work With. You will appreciate
our experience with companies like yours, our consistency in staffing from
year to year, and our emphasis on careful planning, hands-on partner involvement
and effective communication. Our ability to anticipate the course of your
engagement protects you from unwanted surprises and unnecessary disruptions to
We Honor Our Commitments. We understand the
frustration and risk stemming from missed deadlines and broken promises. That is
why, at every step in the process, from staffing your engagement and calendaring
our target dates to delivering the finished product, our focus is on meeting
your expectations for timeliness, accuracy and thoroughness.
We Add Value to Your Company or Organization. Every
dollar you spend on administrative requirements is a dollar
diverted from profitability or fulfilling your mission. Maximizing the return on your professional fees is an absolute
Our four-decade tradition of austerity in managing
our firm has consistently yielded savings that benefit our not-for-profit and
commercial clients. Our fee structure is competitive with firms of comparable
quality; we are faithful to our quoted fees; and we are vigilant in seeking
opportunities to add value to our services and to your business.
We Look Out for Your Interests. In addition to
offering technical expertise, research tools and other resources that rival the
qualities of a national firm, we are alert to emerging regulatory requirements
and opportunities for administrative and operational improvements.
We Help You Fulfill Your Mission. Your
relationship with Walker & Armstrong means far more than mere compliance with
requirements placed on you by lenders, investors and the government. We carefully tailor our
services to your mission, objectives, and service needs, and
everything we do for you is shaped by our “big picture” understanding of what
you are striving to achieve.
An audit provides the highest level of assurance and is
often required by lenders, investors, funding agencies and other stakeholders.
An audit is a methodical review and objective examination of the financial
statements, including verification of specific information as determined by
the auditor or as established by general practice.
A Walker & Armstrong Audit
Our staffing of audit engagements involves careful selection so
individuals assigned have the required knowledge and industry expertise and
We strive to provide staffing that best fits your individual
Our professional audit staff receives extensive training in audit
methodology that rivals larger regional and national firms.
Walker & Armstrong audit partners take a
hands-on approach by being actively involved with each audit engagement. Staff work papers are reviewed in a timely manner so matters of audit
significance are identified and resolved in a timely manner.
Our approach to
audits is based on our assessment of risk in accordance with generally accepted
auditing standards, and we carefully evaluate each entity. Our methodology, while
standardized in a manner to achieve audit efficiency, is not based on a
cookie cutter approach; rather, we tailor each engagement to achieve
optimum quality, effectiveness and value.
Forensic Accounting and Investigative Services
On many occasions, we have been retained to investigate matters
of interest to governing bodies, management and funding agencies. Using audit
and fraud detection skills, our experienced forensic accountants use
sophisticated methods to perform our services and produce quality reports and
We utilize the latest state-of-the-art technology, and all work papers are
digitally maintained and transferrable in a secure and
confidential manner. In addition, we use the same technical research software as
an international Big 4 Firm that provides us with the latest technical
for-profit, nonprofit, governmental and benefit plan guidance.
In addition to audits, we also perform agreed-upon procedures
engagements in accordance with attestation standards, which include specified
financial statement elements and management’s assertion on internal controls. We
also perform MAS Court audits for various Arizona courts.
Articles: Internal Control Considerations for Not-for-Profits
| Compliance Auditing and Preparation for Single Audit
Reviews and Compilations
We perform review engagements for several privately
held companies and not-for-profit entities. Less extensive than an audit but
more involved than a compilation, a review engagement consists primarily of
analytical procedures we apply to the financial statements, and various
inquiries we make of your companys management team. A review can provide the
advantages of a CPAs technical expertise without the work and expense of an
In addition to reviews, we perform compilation engagements.
In compiling financial statements for a client, we present information that is
the representation of management and expresses no opinion or assurance on the
statements. Compilations do not require inquiries of management or analytical
procedures. Instead, we rely on our knowledge of accounting principles and a
general understanding of your business.
The services of independent CPAs are critical in assessing
business acquisition and merger possibilities. Using our audit and accounting
skills, we provide a critical function to assist with such decisions.