Audit and Assurance

Audits, Reviews and Compilations

ACM has been providing audit and attest services since the early 1990’s. The firm's partners worked in the audit department of a Big 4 accounting firm. They were responsible for the supervision and review of large engagements including governmental audits, and audits of entities filing with the Securities and Exchange Commission. Additionally, they were also responsible for audits and reviews of smaller privately owned businesses and have experience working on clients of all sizes and complexities. ACM performs audits required by lease agreements such as the Schedule of Gross Revenues required by Miami-Dade County Aviation Department. ACM also performs compilation and review engagements for businesses that require unaudited financial reporting. ACM undergoes a peer review of it's system of quality control every three years which is available for inspection upon request.

Employee Benefit Plan Audits

Businesses with 100 or more participants in their 401(k) plan are required to file audited financial statements of the 401(k) plan along with the annual Form 5500.

The Department of Labor closely monitors the audit reports submitted and, in a report from  2015, reviewed 400 audits and found a high incidence of significant deficiencies with the financial statements and auditor’s reports. Recently, the Department of Labor selected a  report and the workpapers prepared by ACM and no deficiencies were noted.

ACM has years of experience providing ERISA Sec.103(a)(3)(C) audits (formerly known as “limited scope" audits). We are members of the AICPA Employee Benefit Plan Audit Quality Center. Every three years, the AICPA and FICPA require CPA firms conducting 401(k) audits to be subjected to peer reviews. With many years of experience and peer reviews under our belt, we’re happy to provide clients with the results of our reviews for full transparency. We are confident that we are the right auditors for your 401(k) plan.

Agreed-Upon Procedures

Through the Step up for Students program, the State of Florida provides several different scholarships for students to cover the cost of private school tuition, transportation, and educational resources. Schools who receive more than $250,000 in scholarship dollars in aggregate from the Florida Tax Credit Scholarship, Family Empowerment Scholarship for Educational Options, the Family Empowerment Scholarship for Students with Unique Abilities (FES-UA), or the Hope Scholarship, must contract with a currently licensed Florida Certified Public Accountant (CPA) with a firm licensed to perform attest engagements to conduct a set of Agreed Upon Procedures (AUP), regarding the school's usage of those funds.

Our firm has been providing schools with these agreed upon procedure reports since the early inception of this program and annually we submit approximately 30 – 35 reports for participating schools. In addition to the AUP report we have also assisted schools in developing corrective action plans and developing the appropriate systems and procedures for compliance with the programs. We communicate with the personnel administering these programs throughout the year and have the necessary experience to help you make sure that your school follows program requirements.


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