An audit provides the highest level of assurance on financial statements.

It involves a detailed, systematic examination of your financial records and internal controls. Through procedures such as confirmations, physical inspections, and substantive testing, we offer an independent opinion on whether your financial statements are presented fairly and in accordance with applicable accounting principles. Audits are often required by lenders, investors, regulators, or for internal governance, and they help build credibility with stakeholders by enhancing trust in reported results.

A review offers a moderate level of assurance that no material modifications are needed for your financial statements to conform to generally accepted accounting principles.

We use analytical procedures and inquiries to evaluate the plausibility of the financial information presented. While less intensive than an audit, a review still provides external users—such as lenders or potential partners—with confidence in your financial health, making it a cost-effective option when full audits aren’t necessary.

A compilation involves assisting management in presenting financial information in the form of financial statements without expressing any assurance on their accuracy.

We take data provided by your organization and format it according to accounting standards, without verifying the underlying information. Compilations are most appropriate for internal purposes or when third parties do not require assurance but still need formalized financial reporting.

Agreed-upon procedures are customized services in which we perform specific tests or procedures on financial or non-financial information based on your needs and objectives.

Unlike audits or reviews, AUP engagements don’t result in an opinion or assurance but provide factual findings based on the agreed criteria. Whether you’re preparing for a transaction, investigating specific accounts, or fulfilling contractual requirements, our AUP services offer transparency, flexibility, and targeted insight to support your decision-making process.

A compliance audit (commonly known as a payroll audit) ensures that organizations meet the mandates of the Employee Retirement Income Security Act of 1974 (ERISA). These detailed audits verify whether employers are accurately submitting contributions to employee benefit plans in strict accordance with collective bargaining agreements, participation contracts, and governing guidelines.

At Waypoint Partners, our dedicated team of professionals goes beyond traditional auditing. We work closely with Boards of Trustees, Third-Party Administrators (TPAs), and local unions to actively resolve reporting challenges. Understanding the unique complexities of multi-employer benefit plans, our goal is to help trustees confidently navigate their fiduciary responsibilities.

Our Compliance Audit Services Include

• Comprehensive Employer Reviews: Audits covering random selections, for-cause situations, new accounts, and terminating employers.
• Contract Guidance: Expert contract evaluations and assistance when terms are misunderstood.
• Seamless Collaboration: Close coordination with your other professional service providers.
• Board Engagement: Informative board meeting presentations and clear status reports.