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Audit & Review

Effective audits and reviews provide clarity and confidence in your financial performance. Our professional services ensure compliance with regulations while identifying opportunities for improvement.

Audit & Review

Elite Solutions CPA provides comprehensive audit services, including external audits, internal audits, and IT audits, to evaluate financial accuracy, operational efficiency, and compliance. Their independent and risk-based approach helps businesses identify inefficiencies, improve internal controls, and mitigate risks. External audits focus on financial statement accuracy and fraud detection, internal audits assess internal controls and compliance, and IT audits ensure the security and effectiveness of IT systems in line with industry standards.

Reliable Auditors in Illinois. With our expertise and deep collaboration, backed by a wealth of experience, we bring substantial value to your business. Every business is unique, yet the need for precise financial management remains constant. An auditor who comprehends your industry’s nuances is essential, as opposed to one who simply checks off boxes. A thorough, impartial audit can prove invaluable when engaging with banks, investors, or business partners. At Elite Solutions, we employ a risk-based audit approach, fully aligned with International Standards, ensuring an efficient and objective audit delivered within the required timeframes. Whether you’re an entrepreneurial start-up, a family-run business, or a large corporate organization, Elite Solutions offers dependable financial advice and timely reporting, meeting the needs of all your stakeholders.

Our audit and assurance services cover:

  • Audits, reviews, and compilations.
  • Other attestation services.
  • Agreed-upon procedures.

External Audit

Gain a comprehensive understanding of your business’s financial health with the support of top external auditors in the United States. This process typically begins with a detailed review of your accounting records to verify their accuracy. The auditor’s analysis is then compared against the financial statements to determine the true state of your business finances.

External audits are crucial for business management in the United States, as they help both small and large businesses assess management competence and safeguard their investments. Moreover, these audits help identify fraudulent practices and ensure statutory compliance with relevant laws.

At Elite Solutions, we present a transparent and accurate view of your financial statements. We take the time to understand your business and align our documentation with the appropriate reporting standards. Our strategic recommendations assist clients in making well-informed decisions that lead to operational improvements and efficiency gains.

By working with skilled external auditors in the U.S., Elite Solutions helps mitigate risks, optimize operations, and ensure adherence to regulations.

Internal Audit

Internal auditing evaluates the effectiveness of your company’s internal controls, financial reporting, and regulatory compliance. Our internal auditors review every facet of the business, from management ethics to departmental operational strategies. They identify inefficiencies in existing controls, policies, and financial systems.

Following a thorough evaluation, internal auditors provide financial reports and strategies to strengthen internal controls and improve overall management. They pinpoint areas requiring enhancement to minimize risks and boost efficiency.

Internal auditors are appointed by the audit committee, and their findings are presented to the board of directors (BOD). As they are directly accountable to the audit committee, their opinions remain unbiased and free from undue influence. The audit committee also defines the internal audit package, ensuring there are no conflicts of interest or pressure on the auditor.

Information Technology Audit Services

Experience excellence in IT audits with our expert team. Our CISA-certified auditors ensure the robustness and security of your IT infrastructure, providing services across industries such as finance, healthcare, and manufacturing, all tailored to your specific needs.

Our Areas of Expertise:

  • Understanding Business Processes: We dive into your business operations, identifying potential risks and opportunities for improvement.
  • Risk Assessment: Our auditors assess vulnerabilities in your IT systems and provide strategic recommendations to mitigate them.
  • IT General Control Testing: We conduct rigorous testing to ensure the effectiveness of your IT controls and safeguard your environment.
  • Compliance Testing: We ensure that your IT systems meet industry-specific regulatory standards.
  • SOC 1 and SOC 2 Reports: We specialize in creating detailed SOC 1 and SOC 2 reports, assessing the security and controls of your systems.
  • SOX Compliance: We help you achieve compliance with Sarbanes-Oxley (SOX) requirements, maintaining the integrity of your financial reporting.
  • Framework Implementation: Our experts implement frameworks like NIST, COSO, COBIT, and ISO, aligning your IT practices with global best practices.
  • Compliance Expertise: We ensure compliance with standards like HIPAA (healthcare), GAAP (finance), and IIA (internal auditing).
  • SAP System Expertise: Our SAP auditors enhance the security and efficiency of your SAP systems.
  • Microsoft 365 CIS Benchmarks: We conduct audits based on Microsoft 365 CIS benchmarks, ensuring your cloud systems meet high-security standards.

Deliverables:

  • Detailed audit reports.
  • Consultation on remediation strategies.
  • Ongoing support and guidance.

Why Choose Elite Solutions CPA?

  • Expertise: Our CISA-certified auditors possess extensive experience.
  • Tailored Solutions: We offer industry-specific audit services.
  • Regulatory Compliance: We ensure your systems stay compliant with industry regulations.
  • Innovation: We utilize cutting-edge technologies and best practices.
  • Client-Focused: Your success is our priority.

Contact us to schedule a consultation and secure your IT landscape from cyber threats.