Audit Services

At Padgett Stratemann, our approach to delivering audit services — whether a financial statement audit or other attestation services — is always risk-based, industry-specific, and tailored to our client’s particular operational structures.

Our firm has performed audit services using industry niche teams since 1945.  Therefore, our ability to deliver high-quality audit services is based on our industry niche teams’ understanding of the business processes, accounting policies, internal controls, and financial reporting issues specific to each of our clients and their respective industries and sectors.  We emphasize partner involvement during all stages of the audit and throughout the year to ensure we completely understand your business and management goals, and to address early-on any accounting, reporting, or audit issues.

Our work takes into account all current and, where appropriate, prospective auditing, accounting and reporting regulations and guidance.  We provide audit services under generally accepted accounting principles (GAAP) and auditing standards (GAAS) in the United States, PCOAB guidelines and regulations, and international financial reporting standards (IFRS).

Padgett Stratemann serves its clients’ global assurance and business needs through its membership in McGladrey Alliance - a business of RSM US LLP, the 5th largest accounting firm and leading provider of assurance, tax, and consulting services, with nearly 8,000 professionals in 80 cities nationwide.

Our clients include small to large publicly-held companies (registered with the SEC) and privately-owned companies, as well as public sector and not-for-profit entities.
 

  • Revenue is one of the most important measures used by investors and owners in assessing a company’s performance and prospects. However, recognition standards differ in accounting principles generally accepted in the United States (GAAP) and International Financial Reporting Standards (IFRS). For... Read More
  • In July 2015, FASB released Accounting Standards Update (ASU) 2015-12, which include some welcome simplifications for financial statement reporting of benefit plans. Read More
  • Leasing is an important activity for many entities. It is a means of gaining access to assets, of obtaining financing, and of reducing an entitys’ exposure to the risks of asset ownership. The existing accounting models for leases require lessees and lessors to classify their leases as either... Read More
Padgett Stratemann Event Event
May 03

Save the date for our first ever Construction Industry Conference in Austin!

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