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Reliable Financial Statement Audit Services in Middle Tennessee

Whether you'd like to pinpoint the source of material misstatements in your financial statements or help your stakeholders make better-informed decisions, financial statement audits are an effective tool. It's crucial that you get a trusted third party to conduct the audit to ensure that results are unbiased and competently handled.

At Blankenship CPA Group, PLLC, we're proud to provide skilled financial audit services for small and medium-sized businesses. Our team adheres to strict generally accepted accounting principles (GAAP) to deliver complete assurance in our findings. We look forward to meeting you and giving you the financial clarity you need to make confident decisions about your company. Call us today for your free initial consultation!

Call: (615) 992-9222 Book a Consultation

Why Trust Our Firm for Audits?

At Blankenship CPA Group, PLLC, our CPAs who perform your audit are all highly experienced team members. You will not have to retain a new auditor every year with our firm. Our average historical turnover is generally less than 3%, and few in our industry have such statistics. We've spent years improving our processes to keep you and your staff free from excessive interruptions, and we'll provide you with valuable feedback. Through our auditing services, we can look at your business as a whole and align our work with your unique business functions, not just the financial processes.

Our audit team works with almost every industry, with particular expertise in banking, manufacturing, nonprofits, construction, service companies, and 401(k) employee benefit plan audits, to name a few. By focusing on understanding your unique organization's nuances and obtaining a broad knowledge of your industry and its associated risks, we can efficiently and effectively concentrate our efforts on the areas of your business where risk is the greatest.

What Does a Financial Statement Audit Entail?

Financial statements provide insight into a company's financial performance. However, the individuals who own a company don't manage it and aren't able to confirm the accuracy of financial statements. A financial statement audit offers individuals like stakeholders and potential investors a way to review financial statements and determine their authenticity. The financial statement audit process can be broken down into five steps:

  1. Planning: This stage covers the initial planning activities between you and our firm. For example, we'll verify compliance with requirements and determine the extent of our procedures.
  2. Risk assessment: Our team will utilize years of audit experience to assess potential risks that could lead to material misstatements in financial statements.
  3. Audit strategy: Once our team has assessed potential risks, we'll develop an overall audit strategy and plan to address the risks and help prevent them in the future. One of the strategies we regularly use is creating a testing system that helps identify mistakes before they can affect financial statements.
  4. Gathering evidence: We'll apply professional skepticism and judgment when gathering evidence. Tracing your financial statements to books and records and examining your internal controls all play a crucial role in gathering evidence.
  5. Finalization: Finally, our team will exercise professional judgment to create our overall conclusion summarized in an audit opinion.

Leveraging State-of-the-Art Technology & Systems

The audit team at Blankenship CPA Group, PLLC has developed a highly efficient and integrated audit system. Over the last several years, our firm has worked diligently to streamline our audit procedures by implementing a completed paperless audit process heavily reliant on advanced auditing techniques and software utilization.

Through our membership in Firm Foundation, we adopted AdvanceCPA tools, a system developed and maintained by CPAs to yield the highest level of assurance and efficiency available to a firm. As part of our commitment to serving our clients best, our team members across Nashville enjoy the highest quality of training and professional education specific to their practice areas, focusing on emerging auditing and accounting standards.

Audits FAQs

At Blankenship CPA Group, PLLC, we're committed to giving you the information you need to make confident business decisions. That's why our team is here to answer any questions you may have. Some of the most frequently asked questions about audits include:

How much assurance does an audit provide?

An audit provides the highest level of assurance possible. It gives you the assurance that the financial statements produced by an organization are accurate and in accordance with GAAP, developed by an unbiased party and backed by external evidence.

We'll examine various financial statements, including income statements, balance sheets, and cash flow statements.

When it comes to understanding your company's financial strengths and weaknesses, an external audit provides an effective way for you to gain a clearer picture. This can be especially crucial for shareholders and prospective investors who rely on detailed information to make important decisions.

Your Dependable Accounting Firm for Audits

At Blankenship CPA Group, PLLC, we're privileged to offer skilled financial statement audits for businesses of all sizes. We can also provide skilled reviews depending on how much assurance you require. We look forward to meeting you and taking the stress out of the auditing process. Call us today for your free initial consultation!

Call: (615) 992-9222 Book a Consultation

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