Audit &
Assurance Services
KWC’s approach provides the maximum return on your investment in the audit process through analysis of your financial statements, internal controls, and overall business.
KWC’s approach provides the maximum return on your investment in the audit process through analysis of your financial statements, internal controls, and overall business.
We use a risk-based auditing approach to identify areas of potential risk that could lead to the misstatement of financial statements. The first step of our approach is to obtain an understanding of operations and the internal controls within the accounting/finance activities. Our audit programs are then tailored for each client.
At the end of the audit, we prepare a management letter that describes any internal control weaknesses, with specific recommendations for operation and efficiency improvements. You can expect timely, thorough, efficient, and cost-effective engagements, provided by a team of CPAs with relevant industry experience, and minimal disruption to your accounting and finance staff.
AICPA Peer Review
As a member of the AICPA, KWC is required to undergo a peer review every three years. This independent evaluation of our accounting and auditing practice helps us monitor and promote quality in the services we provide.
KWC had its latest peer review in October 2019, and we received an unqualified opinion. Click the links below to view the peer review report documentation.
VSCPA Acceptance of Peer Review Report
AICPA Government Audit Quality Center
As a member of the Government Audit Quality Center (GAQC), KWC has access to a comprehensive resource for GAO Yellow Book audits, including Single Audits for not-for-profit organizations. We receive up-to-date information on issues pertinent to not-for-profit organizations undergoing engagements performed under OMB Circular A-133. Recent updates included tools to evaluate cost allocation for functional expenses, and procedures related to the Schedule of Expenditures of Federal Awards.
AICPA Employee Benefit Plan Audit Quality Center
As a member of the Employee Benefit Plan Audit Quality Center, we’re committed to performing the highest quality employee benefit plan audits possible. The Center requires members to: designate a partner to be responsible for our employee benefit plan audit practice, establish quality control programs, perform annual internal inspection procedures, and participate in a peer review program.
We receive timely information from the Center on a variety of technical, legislative, and regulatory subjects that we can then apply to our clients’ employee benefit plan audits to help ensure that they are in compliance with the appropriate standards and changes in regulation.
For more information on Audit and Assurance Services at KWC contact: Jenna Manster or Jennica Whitfield
KWC specializes in providing tax, audit, accounting, business consulting services and client advisory services (including outsourced accounting, virtual CFO services, internal control analysis, accounting systems analysis and design) for businesses, individuals, estates, trusts, non-profit organizations, and employee benefit plans. Our diverse client base served includes industries such as professional service firms, government contractors, non-profits, real estate, construction and specialty contractors, and healthcare providers. KWC is the CPA firm clients trust in Alexandria, Arlington, Fairfax, Tysons Corner, Springfield, Arlington, the Richmond Metropolitan Area, Northern Virginia, Washington, D.C. and Maryland.