Auditing Services in NJ
Our audit services help our clients see further and deeper into their organizations. From enhancing trust in the entities we audit, to assisting organizations in meeting the assurance demands outlined in regulations and standards, we help our clients operate with greater confidence.
Audits Overview: Independent Industry Experts
Wielkotz & Company, LLC professionals have provided clients with auditing and attestation services in accordance with generally accepted auditing standards (GAAS), generally accepted governmental auditing standards (GAGAS), the requirements of the New Jersey Division of Local Government Services, requirements of the New Jersey Department of Education and the PCAOB. Our professional staff stays current with the ever-changing regulatory environment and lends expertise and insight to reveal improvement opportunities.
What Do Audits Include?
Wielkotz and Company, LLC provides a high level of audit services based on strong communication, integrity, and innovation.
- During the planning phase, contact with audit clients is initiated and relevant background information is gathered to gain an understanding of the audited area’s size, responsibilities, and procedures in place. Also in this phase, audit objectives are defined and audit methodology is determined through the creation of an audit program, which is the blueprint for conducting the audit and accomplishing the audit objectives. In most cases, a risk assessment of the department and/or function will be performed to help ensure appropriate areas are included.
- The evaluation phase of the audit is referred to as fieldwork. This phase includes assessing the adequacy of internal controls and compliance, testing of transactions, records, and resources, and performing other procedures necessary to accomplish the objectives of the audit.
- The final result of every audit is a written report that details the audit scope and objectives, results, recommendations for improvement, and the audit client’s responses and corrective action plans.
- There will be occasions when corrective actions to resolve an audit issue will not be accomplished until after the audit report has been finalized. In these cases, follow-up will be performed on the previously reported recommendations to determine whether corrective action plans have been effectively implemented and that expected results are being achieved.
Stay Connected with Wielkotz & Company
At Wielkotz & Company, we strive to provide our clients with high-quality, personalized service. Get in touch with us via our client portal or browse our resources for easy access to NJ government codes, regulations, and more.
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Which Industries Need Auditing Services in NJ?
With over 45 years of professional experience, Wielkotz & Company, LLC has been providing various accounting and consulting services to clients in a broad array of industries. This experience translates to a knowledgeable staff that can help serve your business or organization with all of its accounting and consulting needs.
What Our Clients Are Saying
See what our clients are saying about us.
“I’ve had the pleasure to work with Wielkotz & Company over the past nineteen years. Steve Wielkotz and his team have been more than just our independent auditor; they have always provided me with guidance and offered professional advice anytime I asked for it. When I began my career in Passaic County the finances were some of the worst in the State. Nineteen years later, the County has the highest bond rating in its history and the finances are now among the best in the state and much of the credit goes to the team at Wielkotz & Company. They have been at my side along the way, providing me with sound financial advice anytime I asked for it. I strongly endorse the work done by Wielkotz & Company and thank them for all their hard work over the past two decades.”
Passaic County Administrator 2003 – 2022
“The team at Wielkotz & Company has been an integral partner to the County of Passaic in transforming our financial position and protecting taxpayers. Not only is the annual audit handled with attention to detail and an eye towards improvement, but Wielkotz & Company provides daily counsel on key financial decisions. Any government in New Jersey looking for professionals to help lead them towards fiscal responsibility should hire Wielkotz & Company.”
Passaic County Administrator
Explore Related Services
Whether you have accounting, tax, or business advisory needs, Wielkotz and Company professionals will strive to navigate any situation to provide value to you and your entity.
Reviews, compilations and agreed upon procedures are a few of the assurance services we provide. As industry experts we are able to work with our clients to provide the necessary level of assurance in any situation.
Entities receiving funds from the Federal government or the State of New Jersey may be required to conduct an annual Single Audit. Our staff of industry experts can help you navigate this detailed process to ensure compliance with all applicable regulations.
Forensic Accounting Services
Investigations, expert witness services and litigation support are a few of the forensic accounting services we provide. Our staff of Certified Fraud Examiners specialize in providing forensic accounting and fraud investigation services to our clients in times of need.