BDO United States

BDO United States

News and Resources

Financial Statement Audits

At BDO, we are committed to delivering independent, efficient, effective and comprehensive audits of financial statements, including attestations of internal control reporting. We provide quality assurance services to help ensure that our clients' financial statements meet the regulatory and business requirements under which they function.

Hallmarks of our audit approach

  • We believe that high-quality audits, in fact and perception, are essential to the growth of financial markets. With that goal in mind, BDO has pledged to maintain the integrity of our audit process. Our professionals are highly sensitized to the need to maintain objectivity and independence. Moreover, our audits are led by partners who are heavily involved in the engagements and staffed by individuals with the appropriate level of skill and knowledge of our clients' businesses. Each audit also has a suitable level of independent technical oversight.
  • We recognize the benefits of a planned, proactive approach. In that regard, we identify possible areas of risk that might require special attention. This advance planning also typically results in an efficient audit process.
  • Our integrated audits for public companies combine the financial statement audit with an attestation regarding the effectiveness of a company’s internal control over financial reporting. Our approach to these integrated audits reflects the top-down, risk-based methodology advocated by regulators as a way to make audits more efficient without losing the benefits of Section 404 of the Sarbanes-Oxley Act of 2002.
  • Many aspects of assurance services benefit from industry experience. For example, audits of general-purpose financial statements may require industry experience to understand the full implications of accounting standards and risk assessments. BDO has experience advising clients of risks and opportunities that are unique to their industries. We have professionals experienced in the real estate, not-for-profit, technology, retail, and financial services and other industries. We bring our experience to bear in both our audits of financial statements and in our advisory role. For more information, see our industries page.

For non-audit clients, we provide advisory services to assist with the internal control reporting requirements established by Section 404 of the Sarbanes-Oxley Act. Some private companies and not-for-profit organizations have followed the example set by public companies and voluntarily undertaken similar initiatives to enhance their internal controls. BDO’s Risk Advisory Services group has trained professionals to help management with these initiatives by providing some perspective on what regulators and auditors expect in this difficult and changing arena. For more information about our Risk Advisory Services group, see this page.