· FINANCIAL AUDIT · INDEPENDENT ASSURANCE · COMPLIANCE
Independent Verification Lenders, Investors, and Regulators Require
Lenders, investors, and regulators require independent verification of financial statements, not just the statements themselves. Archer Lewis conducts audits that give your stakeholders the confidence they need and give you a clear path forward.
Jarrard, Nowell & Russell, LLC is a separate entity from Archer Lewis, LLC. Jarrard, Nowell & Russell, LLC provide attest and assurance services. Jarrard, Nowell & Russell, LLC create independent, objective assessments to give stakeholders confidence in financial reporting. Services include non profit audits, private company audits, employee benefit plan audits, reviews, compilations, agreed upon procedures, and prepared financials. These services are performed under professional standards established by the AICPA and require a high level of independence.
Our Approach
The real value of an audit is in the process, not just the opinion.
A well-conducted audit surfaces control weaknesses before they become liabilities, identifies accounting issues before they become restatements, and gives management information that makes the business stronger. Archer Lewis approaches every audit as an opportunity to add value beyond compliance, communicating what we find clearly, flagging issues early, and delivering an opinion that your stakeholders can rely on.
What's Included
What goes into an Archer Lewis audit
A financial statement audit involves far more than reviewing numbers. It requires understanding your business, testing your controls, and gathering sufficient evidence to support an independent opinion.
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Risk Assessment & Planning
We begin every audit by understanding your business, industry, and the risks that could affect your financial statements, so our procedures are focused where they matter most.
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Internal Control Evaluation
Review of your internal controls over financial reporting, identifying weaknesses and communicating findings to management.
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Substantive Testing
Detailed testing of account balances, transactions, and disclosures, gathering the evidence needed to support an audit opinion.
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Confirmation Procedures
Independent confirmation of balances with banks, lenders, customers, and other third parties, verifying what's on your books against external sources.
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Financial Statement Review
Review of financial statement presentation and disclosure for compliance with applicable accounting standards.
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Management Letter
Communication of internal control deficiencies and other observations identified during the audit, findings that go beyond the opinion itself.
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Audit Opinion
Independent auditor's report expressing our opinion on whether your financial statements are fairly presented, the deliverable your stakeholders require.
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Subsequent Events Review
Review of events after the balance sheet date that may require disclosure or adjustment, ensuring your financial statements reflect everything material up to the report date.
Ongoing communication throughout an audit prevents unwelcome surprises.
The audits that create the most value are the ones that communicate clearly throughout the process, not just at the end. Archer Lewis keeps management informed as issues arise, so the final report reflects what you already know. You get an opinion your stakeholders trust and findings you can act on.
Talk to an Audit Specialist
Common Questions
What organizations ask before an audit engagement.
Usually when an outside party requires it: a bank as a loan condition, an investor as part of due diligence, a government agency for compliance, a grant requirement, or a regulatory mandate. Some organizations choose audits proactively to strengthen internal controls or prepare for a sale or capital raise.
An audit provides the highest level of assurance: independent verification through testing, confirmation, and analysis. A review provides limited assurance through analytical procedures and inquiries without the full scope of an audit. A compilation is professional preparation of financial statements without independent verification. The right level depends on what your stakeholders require.
Most audits for small to mid-sized organizations take several weeks from fieldwork to final report. Timeline depends on the size and complexity of the organization, quality of records, and how quickly management responds to requests. We communicate timelines clearly at the start and flag anything that could cause delays.
Have your records organized, your reconciliations complete, and your team available to answer questions. We provide a detailed document request list before fieldwork begins so nothing comes as a surprise. Organizations that are well-prepared move through the audit faster and with fewer findings.
Material weaknesses in internal controls are reported in our management letter and, in some cases, in the auditor's report itself. We communicate findings clearly and work with management to understand root causes and remediation options. A finding isn't the end of the world. It's information you can act on.
