Financial Statement Audits & Reviews

Delivering High-Authority Assurance for the Middle Market

In a complex global economy, financial transparency is the most valuable currency an organization can hold. Whether you are navigating a lender covenant requirement, preparing for a private equity investment, or fulfilling board-level fiduciary duties, the integrity of your financial statements is paramount. An audit should not be a disruptive “look-back” exercise; it should be a strategic tool that professionalizes your operations and validates your enterprise value.

We provide the technical rigor required by sophisticated stakeholders. At Calvetti Ferguson, we deliver institutional-grade assurance that meets the highest PCAOB and AICPA standards. We combine the deep technical resources of a national firm with a senior-led approach that minimizes disruption and provides the actionable insights your leadership team needs to scale with confidence.

Tiered Assurance Solutions Tailored to Your Complexity

We provide varying levels of assurance based on your organization’s specific needs, regulatory environment, and stakeholder requirements.

Financial Statement Audits

The highest level of assurance, providing an independent opinion on the fairness and accuracy of your financial statements.

• • • Institutional Credibility: Essential for companies with complex capital structures, PE backing, or significant credit facilities.

    • Internal Control Analysis: We don’t just check the boxes; we evaluate the strength of your internal controls to identify risks and suggest operational efficiencies.

    • Technical Excellence: Our teams are experts in complex GAAP areas, including revenue recognition (ASC 606), lease accounting (ASC 842), and fair value measurements.

Financial Statement Reviews

A “Review” provides limited assurance, consisting primarily of analytical procedures and management inquiries.

• • • Strategic Flexibility: Ideal for companies that do not yet require a full audit but need to provide a higher level of comfort to banks or minority investors.

    • Trend & Ratio Analysis: We use sophisticated data analytics to identify fluctuations and relationships in your financial data that may require deeper management attention.

    • Efficiency-Focused: A streamlined process that provides professional oversight while remaining less intensive than a full-scope audit.

Employee Benefit Plan (EBP) Audits

For organizations with qualifying 401(k), 403(b), or pension plans, we provide specialized audits required by the Department of Labor (DOL).

• • • ERISA Compliance: Navigating the unique regulatory requirements of the Employee Retirement Income Security Act to protect plan fiduciaries and participants.

    • Risk Mitigation: Ensuring that plan assets are protected and that the organization is compliant with stringent DOL and IRS reporting mandates.

An Audit Process Driven by Technology and Insight

We have reimagined the audit experience to eliminate the “administrative burden” typically associated with year-end reporting.

• Secure Digital Integration: We utilize advanced cloud-based platforms to streamline document requests and data extraction, ensuring a “paperless” and secure audit environment.

• Data-First Methodology: By leveraging data analytics, we can test larger sample sizes with greater precision, allowing us to focus our technical expertise on high-risk areas.

• Proactive Communication: We maintain a “no-surprises” philosophy, engaging with your finance team and audit committee throughout the year—not just during the field work phase.

Why Choose Calvetti Ferguson?

We offer a high-touch alternative to the Big 4, providing the senior-level attention and technical depth that high-stakes capital requires.

• PCAOB Registered: Our firm adheres to the highest standards of quality control, undergoing regular external inspections to ensure our work remains beyond reproach.

• Deep Industry Specialization: From Energy and Construction to Private Equity and Healthcare, our audit teams speak the language of your specific sector.

• The “Advisory” Mindset: We view the audit as a diagnostic tool. Our management letters provide meaningful insights into how you can improve your accounting function and professionalize your back office.

Ready to Strengthen Your Financial Credibility?

Don’t let the audit process slow your momentum. Let’s build the transparent, high-integrity financial foundation your organization deserves—partner with a firm that understands the intersection of independent assurance and enterprise value.

Contact Our Team