Audit and Assurance

In today’s business environment, creditors, shareholders, and business partners require an objective look at both the financial condition and operations of a business so they can make more informed and accurate decisions.

At Kernutt Stokes, we’ve built a reputation for helping clients of every size implement reporting processes that allow them to run more profitable operations and ensure there is an adequate set of controls in place to safeguard their company’s assets. We provide a wide range of expert business assurance services to meet the needs of large organizations, small start-ups, and everything in between.

Our process starts with gaining a thorough understanding of your business. Each business, even if they are in the same industry, might run completely differently. This also allows us to understand any problems you are having, from staffing to supply chain and beyond, so we can identify solutions.

For businesses requiring regular audits, you can expect to work with the same team members each time. We know continuity is important in accumulating knowledge and insight about your business operations. Ultimately, we seek to build real relationships with our clients, not just provide a service.

Looking for information about other audit services? Visit Risk Advisory Services and Employee Benefit Plan Audits.

Members of the Audit and Assurance team, led by Partner-in-Charge Pat Deming (center). Pat is supported by teams in all of Kernutt Stokes’ offices.

Let’s talk about your business!


Other Services

Learn more about our other services for your business.

Tax Consulting and Compliance
Accounting Software Solutions
Business Consulting

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Information and Resources

4 Ways Accounting Practices Aid in Fraud Prevention

by Charlotte Kreitlow |
Fraudulent activities come in many forms, often exploiting weaknesses in internal controls and processes. According to the Association of Certified Fraud Examiners (ACFE), businesses lose an estimated 5% of their annual revenues to fraud each year. This staggering statistic underscores the urgency for businesses to implement proactive measures to deter, detect, and mitigate fraud. In this blog, I’ll share four ways your accounting practices can help in fraud prevention.

Fraud Prevention | Safeguarding Your Business

by Charlotte Kreitlow |
In the intricate web of commerce, businesses are vulnerable to various risks, with fraud being one of the most insidious threats. From embezzlement to financial misstatement manipulation, to asset misappropriation, fraudulent activities can cause irreparable damage to a company's financial health and reputation. In the face of such risks, a robust fraud prevention framework is indispensable, and well designed and implemented accounting practices play a pivotal role in fortifying the defenses of businesses against fraudulent activities.

6 Questions to Ask About Your Internal Controls

by Kernutt Stokes |
Well-designed internal controls are vital to the health and safety of an organization’s operations. Without internal controls, especially around financial transactions and accounts, it is easy for a transaction to be recorded for the wrong amount, the wrong invoice to go out, or money to be paid to the wrong person. On the flip side, internal controls can also be overly burdensome and unnecessarily inhibit the efficiency of the operations you are trying to protect.

10 Benefits of Outsourcing Your Finance Department to a Virtual Accounting Team

by Nicholas Vitale |
Outsourcing your accounting department, including transactional accountants, a controller, or a fractional CFO, to a CPA firm's "Virtual Accounting" practice has become more prevalent in recent years for small and medium-sized organizations seeking financial expertise without the high cost of a full-time employee.