Trout CPA has invested in the tools to allow our audit teams to effectively complete their work during fieldwork and share insights and recommendations with you along the way. We employ various sampling techniques in our audits and perform substantive procedures such as external confirmations or examination of source documents. Analytical procedures will be used in the preliminary and final audit stages as well as throughout the engagement in the form of substantive audit procedures for significant audit areas. For many audit engagements, we use data extraction software to obtain and analyze your accounting data for various purposes, such as sampling, detecting trends and abnormalities, or analyzing account balances without always needed to interrupt your staff.
The audit will conclude with our delivery of audited draft financial statements and other draft audit communications. We will meet with the management and the governance group to review the results of the audit and provide feedback and suggestions.