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Lutz Accounting

Audit and Assurance Services

Lutz Accounting + Audit & Assurance

Gain Confidence in Your Financial Statements

Our team is dedicated to providing an objective conclusion that your stakeholders can trust. At Lutz, we understand that ethics, integrity, and independence are of the utmost importance. We pride ourselves on delivering assurance that your financial statements are complete and accurate.

The Lutz Difference

  • Our Solutions

    Deliverables
    + Audits
    + Reviews
    + Compilations
    + Preparations
    + Agreed-Upon Procedures 
    + Employee Benefit Plan Audits

    Other 
    + Internal Control Consulting 
    + Pro-Forma Financial Statements 
    + Surprise Custody Audits 
    + Application & Review of GAAP
    + Implementation of New Accounting Standards
    + Opening Balance Sheet Preparation

  • Our Approach

    We center our attention on getting to know you and your business to appropriately assess and respond to the risks of misstatements. Our assurance team is trained to apply industry knowledge, implement new accounting standards, and evaluate accounting estimates.  

    Through regularly scheduled meetings and early planning, our teams are proactive and attentive to ensure minimal surprises and a smooth process from planning to final report delivery.

  • Our Standards

    Our high standards for performing quality assurance services are achieved by the following:

     + Our personnel must confirm their independence annually for all assurance clients.

    + We require a high level of partner and manager participation and review on every engagement.

    + We have received a passing report from our profession’s “Peer Review” process since the inception of our firm.

    + We inspect our own internal files annually to ensure compliance with our high standards.

    + We are committed to providing continued training to our professionals.

    + We utilize a paperless approach to provide efficiencies and reduce waste.

    + We place a high emphasis on retaining quality people who best serve our clients. This is evidenced by our firm-wide turnover rate of 10%, compared to the industry average of 18-25% over the last three years.

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Lutz Accounting

News & Insights

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Frequently Asked Questions

  • What is a financial statement audit?
    A financial statement audit is an independent examination of an organization’s financial statements to determine whether they are accurate and presented fairly. Audits provide confidence to lenders, boards, regulators, and other stakeholders who rely on financial information. 
  • When is an audit required?
    Most audits are required by lenders, regulators, or governing bodies on an annual basis. They are commonly needed for nonprofits, employee benefit plans, and certain growing businesses, and may also be requested as part of financing or ownership changes.
  • What’s the difference between an audit, a review, and a compilation?
    An audit provides the highest level of assurance and includes detailed testing and analysis. A review offers limited assurance using analytical procedures and inquiry. A compilation presents financial information without providing assurance. The appropriate option depends on stakeholder requirements.
  • How do audits help identify risk?
    Audits evaluate financial records and internal controls, which can help uncover errors, inefficiencies, or compliance gaps. This gives organizations earlier insight into areas that may need stronger controls or improved processes.
  • How does Lutz help organizations navigate audit requirements?
    Lutz partners with organizations to understand audit requirements, coordinate timelines, and communicate expectations clearly. The focus is on meeting stakeholder needs while maintaining a smooth, efficient audit process.
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