Accounting and Auditing Services

TLB offers quality accounting, assurance, attestation and review services by experienced and insightful professionals. Our team evaluates your organizations environment, internal controls and operations in order to ensure your organization is running efficiently and to identify areas where improvements could be made. Our accounting and auditing services are designed to:

Ease the audit process by minimizing the time your organization needs to spend administering the audit.

Meet required deadlines

Reduce your organizations risk of materially misstatement on its financial statements

Provide your organization with useful financial information and reports prepared in accordance with the applicable standards and

Keep your organization abreast of current trends and best-practices, as well as keep you informed of new accounting standards – before they are required.

In addition to providing an opinion on your organizations financial statements, TLB uses it process and highly trained staff to add value to your accounting or auditing engagement. We provide practical ideas and recommendations designed to improve your organizations financial performance and to minimize risk. TLB assists clients in the following accounting and auditing areas:

Audits, compilations and reviews of financial statements

Agreed upon procedures

Financial projections and forecasts

Audits in accordance with Circular A-133 (Single Audits)

Construction cost reviews

TLB offers comprehensive construction cost review services that save our clients hundreds of thousands, and in some cases, millions of dollars on construction projects by ensuring you only pay for what you contracted for. We offer our services during the contract and document review phase, the pre-construction process, periodically throughout a project or at substantial and final completion and closeout. Some of the areas we consider during our procedures include:

Analysis of project budgets – including the GMP, general conditions, allowances, and contingencies.

Analysis of change orders, overruns, contractor credit issues, back charges and shifting of general condition work.

Evaluation of contractors cost reporting system and billing practices.

Evaluation of specific costs charged for propriety and for adherence to the terms of the contract.

Analysis of labor rates, overtime and premium time charged to the project.

Analysis of equipment and administrative purchases for potential buyout provisions and for rental rate equivalencies.

Timing of cost reimbursement requests to ensure there are no pre or post project reimbursement of contractor costs.

Save money on your next cost plus fee construction project by hiring TLB to assist you in the financial management of the project at the start and avoid close-out problems at the end.

Internal auditing design and support

Audit Committee Services

The role of the audit committee is continuing to expand under the ever changing audit and accounting standards. Companies, governments and their audit committees face greater risks than ever before in executing their responsibilities. TLB can help your organization face and address these responsibilities through an advisory relationship with your audit committee. We work with your committee to answer and address the following questions and more:

Do we, as an audit committee, possess the knowledge necessary to effectively serve our organization?
Have we established a process to assess the quality of financial reporting processes and internal control?
Do we understand the processes used by management and external auditors to identify and monitor risk?
How do we ensure that the organization is making the most of its internal audit resources?
How do we evaluate the quality of the finance, accounting and internal audit functions?
We will provide your organization with a process to manage audit committee effectiveness and to meet the highest standards of governance.