Audit Services
Our primary commitment to our clients is to be attentive to their needs and deliver timely, quality service. Our office performs audits and provides business support services for clients in a wide range of industries.
Audit services begin with expressing an independent opinion on our clients’ financial statements. We go on to help our clients achieve business objectives, strengthen management, and improve profitability. Services offered include; audit, review, compilation, internal control and compliance audits, as well as reporting of organizational performance and suggestions for use by management.
Business support services address small and mid-size enterprises requiring strategies and services to gain a competitive advantage or expand into new markets. Whether our client is an established organization or a new venture, we recognize the challenges of surviving in today’s business environment.
SCHOOL DISTRICTS
The partners and staff of Borchardt, Corona, Faeth & Zakarian have many years of experience providing auditing services to school districts and community college districts. Our firm performs not only financial audits but also perform compliance audits, and financial and management reviews.
Borchardt, Corona, Faeth & Zakarian is currently providing services to approximately 30 school districts, community college districts, and joint powers agencies. We aggressively invest in the training of our audit staff. That, coupled with our extensive experience in the industry, allow us to provide a quality product with the personalized attention you would expect from a local firm.
Our staff is available for questions or compliance clarification and may be reached at (559) 225-6891 or through e-mail. For your convenience, we have also included links to the following web sites pertinent to the industry:
California Department of Education
State Controllers Office
GOVERNMENTAL AGENCIES and NOT-FOR-PROFIT ENTITIES
Borchardt, Corona, Faeth & Zakarian is committed to serving local governmental and not for profit clients, and working with them for the advancement of accounting and financial practices in the public sector. Quality service is the cornerstone of our practice. We believe this means more than just providing timely professional services. In addition to working with management to ensure that all deadlines are met, members of our audit team will maintain close contact with management throughout the year to enable us to be current on issues affecting the entity. Such ongoing communication helps us to anticipate, and be responsive to, the needs of our clients in the most timely and efficient manner.
We can perform any auditing and reporting services which you may request, including compliance audits of federal and state grant programs, as well as preparation of reports such as the State Controller’s Reports.
FINANCIAL
Borchardt, Corona, Faeth & Zakarian conduct all financial audits in accordance with generally accepted auditing standards which require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement. The objective of a financial audit is the expression of an opinion on the fairness of a Company's financial statements. An audit includes examining on a test basis, evidence supporting the amounts and disclosures in the financial statements. This also includes assessing the accounting principles used and significant estimates made by management, as well as evaluating the overall financial statement presentation.
As part of our audits we obtain an understanding of the design of the relevant policies and procedures of the control environment, accounting system, and control procedures and whether the policies and procedures have been placed in operation. An audit is not specifically designed and cannot be relied on to disclose significant deficiencies in the design or operation of the internal control structure. However, during the audit, if we become aware of such conditions or ways that we believe your management practices can be improved, we will communicate them to you in a letter to management.
Audit services begin with expressing an independent opinion on our clients’ financial statements. We go on to help our clients achieve business objectives, strengthen management, and improve profitability. Services offered include; audit, review, compilation, internal control and compliance audits, as well as reporting of organizational performance and suggestions for use by management.
Business support services address small and mid-size enterprises requiring strategies and services to gain a competitive advantage or expand into new markets. Whether our client is an established organization or a new venture, we recognize the challenges of surviving in today’s business environment.
SCHOOL DISTRICTS
The partners and staff of Borchardt, Corona, Faeth & Zakarian have many years of experience providing auditing services to school districts and community college districts. Our firm performs not only financial audits but also perform compliance audits, and financial and management reviews.
Borchardt, Corona, Faeth & Zakarian is currently providing services to approximately 30 school districts, community college districts, and joint powers agencies. We aggressively invest in the training of our audit staff. That, coupled with our extensive experience in the industry, allow us to provide a quality product with the personalized attention you would expect from a local firm.
Our staff is available for questions or compliance clarification and may be reached at (559) 225-6891 or through e-mail. For your convenience, we have also included links to the following web sites pertinent to the industry:
California Department of Education
State Controllers Office
GOVERNMENTAL AGENCIES and NOT-FOR-PROFIT ENTITIES
Borchardt, Corona, Faeth & Zakarian is committed to serving local governmental and not for profit clients, and working with them for the advancement of accounting and financial practices in the public sector. Quality service is the cornerstone of our practice. We believe this means more than just providing timely professional services. In addition to working with management to ensure that all deadlines are met, members of our audit team will maintain close contact with management throughout the year to enable us to be current on issues affecting the entity. Such ongoing communication helps us to anticipate, and be responsive to, the needs of our clients in the most timely and efficient manner.
We can perform any auditing and reporting services which you may request, including compliance audits of federal and state grant programs, as well as preparation of reports such as the State Controller’s Reports.
FINANCIAL
Borchardt, Corona, Faeth & Zakarian conduct all financial audits in accordance with generally accepted auditing standards which require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement. The objective of a financial audit is the expression of an opinion on the fairness of a Company's financial statements. An audit includes examining on a test basis, evidence supporting the amounts and disclosures in the financial statements. This also includes assessing the accounting principles used and significant estimates made by management, as well as evaluating the overall financial statement presentation.
As part of our audits we obtain an understanding of the design of the relevant policies and procedures of the control environment, accounting system, and control procedures and whether the policies and procedures have been placed in operation. An audit is not specifically designed and cannot be relied on to disclose significant deficiencies in the design or operation of the internal control structure. However, during the audit, if we become aware of such conditions or ways that we believe your management practices can be improved, we will communicate them to you in a letter to management.