Our financial audit is designed to provide an opinion as to whether the financial statements are fairly presented in all material respects. The audit is performed in accordance with professional standards developed by the American Institute of Certified Public Accountants and Government Auditing Standards, issued by the Comptroller General of the United States. We tailor specific procedures to fit the circumstances of each organization's audit engagement.
Auditor independence is vital to the users of audited financial statements. We actively enforce both professional and internal standards of independence and monitor our activities and relationships to assure that the standards are maintained.
All Henry, Raymond & Thompson audits of government entity financial statements are subject to internal quality control procedures that, at a minimum, include a review of the statements by a qualified professional who is independent of the personnel who actually perform and supervise the audit. In addition, our quality control procedures are reviewed internally annually and are subjected to peer review by an independent public accounting firm every third year. These focus specifically on the procedures we use to audit financial statements in addition to our overall audit procedures and policies.
