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As part of an audit engagement, we leverage a formal project management methodology to help ensure that all tasks are planned effectively and ultimately completed on time and that any changes in the schedule will be properly documented and authorized. As part of the planning process, we will work with you to agree upon a communications plan that will set forth the protocols for periodic status updates and escalations throughout the project. Throughout the audit, we will provide regular status reporting consistent with the communications plan.

At each phase of our engagement, our client service standards guide us toward providing an exceptional customer experience – one in which we become a trusted adviser and bring innovative ideas and solutions that deliver value to you.

We understand.

Our audit and consulting professionals follow our CaseWare process, which provides us with a thorough understanding of your business, current situation, needs, and expectations to help ensure there will be no surprises at each phase of the engagement.

We communicate.

Our team is trained to communicate with consistent and open dialogue at the right time to the right people.

We collaborate.

We collaborate to bring together the right expertise to meet your needs, resolve emerging issues proactively, and bring innovative ideas and solutions that deliver value to you.

We deliver.

We deliver what we promise – on time, on budget, and with the highest quality.

Financial Statement Audits

Vasquez is a full-service Certified Public Accounting partnership with 50 years of experience in performing audit and consulting services for private and public companies, nonprofit organizations and governmental entities. As a regional firm we are able to offer timely, personalized attention. Our professionals deliver innovative yet practical solutions that help clients gain a competitive advantage.

Our approach to your audit will take into account the following strategies:

+ Communication throughout the year
+ Advanced audit planning to ensure there are no surprises
+ Detailed examination of internal controls
+ Well planned and executed audit fieldwork
+ Extensive quality control procedures​

Vasquez performs numerous financial and compliance audits of governmental organizations.  These audits include risk assessments performed pursuant to a structured approach based on the standards outlined in the COSO Principles.

Our audits are performed in accordance with auditing standards generally accepted in the United States (GAAS), Government Auditing Standards (GAGAS), Public Company Accounting Oversight Board (PCAOB) OMB Uniform Guidance, and the Office of the State Controller’s Minimum Audit Requirements and Reporting Guidelines for California Special Districts (when applicable).

SEC Audit and Consulting Services

Annual, quarterly and other financial reporting requirements are part of the scrutiny public companies face as the need for financial transparency and responsibility are stressed more and more in financial statements by the Securities and Exchange Commission (SEC).

​As a firm registered with the Public Company Accounting Oversight Board (PCAOB), and the Center for Audit Quality, Vasquez meets the highest level of quality standards to comply with the PCAOB's requirements and inspection process. Vasquez is not a newcomer to the demands of SEC clients. We work with public companies in industries ranging from alternative fuel, medical technology to consumer products. We can assist you with:

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Audits of financial statements included in Form 10-K, and quarterly reviews included in Form 10-Q
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Sarbanes-Oxley Section 404 compliance
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Due diligence
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Audits of employee benefit plans included in Form 11-K
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Tax compliance and advisory services
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Internal audit services
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IPO assistance​

FAR Compliance Audits

We make sure government dollars aren’t wasted

Government agencies have looked to Vasquez to audit their vendors for over three decades.
Our dedicated Government Contract Compliance Sector practice specializes in auditing contractors subject to Federal Acquisition Regulation (FAR) Part 31, the American Association of State Highway and Transportation Officials (AASHTO) and Cost Accounting Standards (CAS).

We follow strict, proven procedures
The specialists at Vasquez analyze overhead rates and accounting systems, making certain that vendors are correctly aggregating and allocating costs, and including only allowed expenses. We are 100% objective, using very specific calculations to complete:

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PRE-AWARD AUDITS to verify that information is an accurate, current, and complete description of the contractor’s practices and pricing. The results of the pre-award audit will be passed on to the contracting officer to provide additional information for negotiation purposes.
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COST INCURRED AUDITS to verify the allowability, allocability, and reasonableness of direct and indirect costs that have been charged and billed, especially in connection with cost-reimbursable contracts. Vasquez has identified reimbursable amounts ranging in the millions of dollars.
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CLOSE-OUT AUDITS, to verify that goods and services were provided after the contract is physically completed, which means the contractor has performed and the Government has accepted all services required by the contract, and the base period and any option periods exercised have expired.

Avoid significant overcharges
We can make a major contribution to your organization by performing effective cost-avoidance and/or cost-recovery audits. We help your organization avoid significant issues on construction change orders and claims, and we detail typical overcharges on lump sum, unit price, and cost-plus construction contracts.

Overhead Rate Questionnaire

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Benefit Plan Audit Services

Rest easy. We deliver quality benefit plan audits.

Vasquez makes employee benefit plan services a priority.
Our team members include highly experienced accountants and consultants who specialize in audits of employee benefit plans.

Years of building auditing acumen
Our long-time experience ensures your compliance with the DOL and ERISA filing requirements, along with professional assistance with fiduciary responsibilities, plan qualifications and reporting alternatives.

We adapt to your schedule to complete the following services within agreed upon time frames:

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401(k)
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403(b)
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401(a)
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Defined Benefit Plan
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Employee Stock Option
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Frozen Plans
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Health & Welfare
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Money Purchase
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Tax Reporting: Form 5500

Employment Benefit Plan

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Uniform Guidance

A large number of our government and nonprofit clients receive federal funds. Our success in effectively serving these entities is based in part, on our significant knowledge and experience with U.S. Office of Management and Budget federal regulations entitled “Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards at 2 CFR 200” (the Uniform Guidance).

We utilize an integrated audit approach. This means we will coordinate the Single Audit testing of major federal programs with the testing of internal controls and systems in conjunction with the financial statement audit. Each major program requires a separate opinion on compliance with federal rules and regulations. The scope of our testing will be sufficient and specific enough to allow opinions on each of the Organization’s major programs. We will perform risk assessment procedures, including:

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Review of prior years’ reported findings; and
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Consideration of the extent of continuing or new personnel assigned to administer each major federal program.

Our procedures for testing major federal programs will be performed as follows:

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Hold a planning meeting with the accounting managers and grant administrators.
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Make a preliminary assessment of the condition of the records and controls and determine the procedures necessary to more fully document the systems.
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Obtain copies of the grant agreements under which federal financial assistance is provided.
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Document any program-specific compliance requirements contained in the agreements beyond those included in the OMB Compliance Supplement.
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Review reports completed to meet the federal financial reporting requirement.
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Document our understanding of program requirements and other laws and regulations.
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Establish detailed work plans and audit timetables in conjunction with management.
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Schedule regular status meetings to monitor the audit process.
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Review the inventory of grants and other federal and state assistance.
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Test the completeness and accuracy of the schedule of expenditures of federal awards.
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Examine any external, state, and federal audit reports for control weaknesses, compliance exceptions, or questioned costs.