Advanced Services

Compilation

A financial statement compilation is a service to assist the management of a business in presenting its financial statements. This presentation involves no activities to obtain any assurance that there are no material modifications needed for the financial statements to be in conformity with the applicable accounting framework (such as GAAP or IFRS). Compilation activities are not designed to provide any assurance regarding the information contained within the financial statements.

With this level of service, EduOrg writes a compilation letter, no special preparation is required on your part. This letter may be sufficient for a small business owner seeking a personal loan. But most of the time, a more credible reviewed financial statements or an audit will be required for a business loan.

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COSO Framework

 The COSO model defines internal control as “a process, effected by an entity's board of directors, management and other personnel, designed to provide reasonable assurance of the achievement of objectives in the following categories: Effectiveness and efficiency of operations.

EduOrg experts are well-trained to design, implement, and deploy a full COSO framework across the organization by addressing the main principles, across different processes, and objectives. 

Compliance Audit

A compliance audit is an audit engagement in which the goal is to determine whether an organization is adhering to the terms of a contract or certain rules and regulations. For example, a compliance audit could be targeted at:  verifying that workers' compensation pay is being properly reported.

EduOrg performs different types of compliance audits, our most common engagements include: whether entity complying with internal rule, regulation, policies, decisions, and procedures.

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External Audit

An audit is the examination of an entity's accounting records, as well as the physical inspection of its asset. If performed by a Certified Public Accountant (CPA), the CPA can express an opinion on the fairness of the entity's financial statements. This opinion is then issued along with the financial statements to the investment community.

EduOrg CPA certifies the financial statements and issues an opinion based on conducting independent audits.  

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Insurance Advisory

This service utilizes Insurance advisors knowledge of insurance policies and companies to evaluate, recommend, and sell plans to customers or businesses based on their needs.

EduOrg works closely with its partner to walkthrough different processes, properties, and risks in order to advise as to the proper insurance package to have. 

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Business Analytics

Business analytics is a field that drives practical, data-driven changes in a business. It is a practical application of statistical analysis that focuses on providing actionable recommendations. 

On top of the topical analytics, EduOrg expert uses advanced programming languages such as R, and Python, MySQL to professionally add meaningful value to the data subject for testing and analysis. 

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Internal Audit

Internal Audit is a department or an organization of people within a company that is tasked with providing unbiased, independent reviews of systems, business organizations, and processes.

Certain organizations decide to outsource such function to a professional firm (such as EduOrg).  We adhere to the IIA standards and ensure the value-added throughout the process. 

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IT Audit

IT audit is to evaluate the system's internal control design and effectiveness. This includes, but is not limited to, efficiency and security protocols, development processes, and IT governance or oversight.

With a strong data analytics and Information Technology background, EduOrg expert adds value to the audited entity by professionally evaluating and addressing the internal control deficiencies within the system. 

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Review

A review is a reduced form of an audit that provides a reduced level of assurance regarding an entity's financial statements. The auditor who conducts a review must perform analytical procedures and makes inquiries of the client concerning the financial statements and accompanying footnote disclosures.

With this level of service, EduOrg can provide limited assurance that the financial statements do not need any material modifications. 

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Risk Management

Risk management is the identification, evaluation, and prioritization of risks followed by coordinated and economical application of resources to minimize, monitor, and control the probability or impact of unfortunate events or to maximize the realization of opportunities.

EduOrg partners with you as a 2nd line of defense to help you identify, analyze, evaluate, treat, and monitor your business risks. 

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Sales Audit

Another part of the audit is the Sales Audit. It is the comprehensive, systematic, periodic, analysis, evaluation and interpretation of the business environment, objectives, strategies, principles to determine the areas of problem or opportunities and recommending the plan of action to improve the sales performance.  

In this service, EduOrg adds tangible and quantifiable values by improving the sales for the entity.  Additionally, I may get assigned to a sales audit a tenant to confirm the accuracy of their sales record. 

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SOX Compliance

SOX compliance is to have the correct security controls in place to ensure that financial data is accurate and protected against loss. Developing best practices and relying on the appropriate tools helps businesses automate SOX compliance and reduce SOX management costs.

EduOrg expert takes your company form non-SOX compliant, to a SOX compliant by addressing all key components.