Audit & Assurance

At Louis Plung & Company, we gain an understanding of your business, its competitors, and the current environment that is being experienced by that business market. Our professionals utilize a comprehensive approach that takes into consideration the business, market conditions, and accounting systems and processes for maintaining the books and records. We provide specific recommendations for enhancing the business as well as enhancing it's accounting systems and processes. Louis Plung & Company tailors the experience to fit your business needs to reduce information risk so that you can make more informed decisions.

Beyond the Traditional Procedures

There are three basic levels of financial statement services- audits, reviews, and compilations.  While some financial statement services provided by Louis Plung & Company are related to compliance needs, other organizations have financial statements prepared by our expert professionals because of the value it provides to the organization.  We go beyond the traditional procedures to test the validity of financial statement balances and remain at your side continuously to provide you with timely critical accounting, financial, and regulatory information that effects your business. 
 
Financial reporting services include:
 
  • Risk-based audit
  • Review engagement
  • Compilation
  • Agreed-upon Procedures

Enhance your business

Performing to the highest standards of quality and integrity has always been essential to us in everything we do. Contact us today to learn more. 

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Beyond the Traditional Procedures

Louis Plung & Company offers a variety of services regarding reporting for compliance with specific laws, regulations or other requirements.  We can offer an independent evaluation which many times is required by a third party or for management’s own assurance.  Engagements to report on compliance differ from client to client based on the specific compliance requirements of a particular party.  Compliance reporting encompasses a wide variety of services from an examination of management’s assertion about compliance to an agreed-upon procedures engagement that provides detailed information about the entity’s compliance.

Compliance reporting services include:
 
  • Single audit
  • Employee benefit plans audit 
  • Film production audit
  • Agreed-upon procedures 

Enhance your business

Performing to the highest standards of quality and integrity has always been essential to us in everything we do. Contact us today to learn more.

Contact Us

Enhancing Efficiencies Within Your Business

In order to prevent against fraud and protect your assets having practical and effective internal controls is critical. Implementing sound procedures for your general and accounting processes will increase the likelihood that financial information is reliable and company assets are safeguarded.
At Louis Plung & Company, we can help you by conducting an internal control evaluation which is performed by understanding the existing policies and procedures and conducting tests to determine if your controls are functioning as designed.  By understanding the business, market conditions, and accounting systems and processes for maintaining the books and records, we can provide specific recommendations for enhancing the business as well as enhancing its accounting systems and processes.

Internal control evaluation services include:
 
  • Processes and procedures evaluation
  • Policy documentation
  • Institute segregation of duties 
  • Internal control environment operation tests
  • Control record review
  • Employee training and guidance
  • Operational processes streamline
  • Establish management reporting packages and relevant performance measures

Enhance your business

Performing to the highest standards of quality and integrity has always been essential to us in everything we do. Contact us today to learn more.

Contact Us

Making The Numbers Count

Louis Plung & Company partners with financial institutions and other asset-based lenders to provide lenders with an independent assessment of the collateral that they are lending against.  Collateral generally obtained to secure borrowings consist of accounts receivable and inventory.  We perform field examinations on site at the borrower’s location.  Our field exam procedures are designed based on the terms and conditions within the financing agreement between the lender and the borrower. The specific procedures will vary based on the collateral used to secure the borrowings.  

Collateral Verification & Valuation services include:
 
  • Revenue recognition and billing policy review
  • Accounts receivable aging subsidiary ledger due diligence
  • Confirm outstanding receivable balances
  • Collection trend analysis
  • Inventory verification review
  • physical inventory review
  • Inventory quality verification
  • Inventory subsidiary ledger due diligence

Enhance your business

Performing to the highest standards of quality and integrity has always been essential to us in everything we do. Contact us today to learn more. 

Contact Us

Specialists

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Richard Fischer, CPA, CGMA
Richard Fischer, CPA, CGMA
Partner
Joseph Zovko, CPA
Joseph Zovko, CPA
Partner
Lindsay Andrews, CPA
Lindsay Andrews, CPA
Manager
Cynthia Arcuri, CPA
Cynthia Arcuri, CPA
Manager

"Louis Plung & Company takes the time to understand our business. Having provided audit services to us for a very long time, the personnel know our business well and are able to help to asses all situations. We see the same personnel year after year allowing out time to focus on the work as opposed to training new people."

Connie Howard, VP Finance

Let's Talk about Your Unique Needs

Whether looking to partner with a strategic business advisor or simply looking for answers, we welcome and encourage all questions.

Let's talk opportunity.
Business discussion
BKR
BKR
CFMA
CFMA
NAIOP
NAIOP
PVCA
PVCA
AICPA
AICPA
PICPA
PICPA