Audit

Audit & Advisory Services

Quality decision making begins with dependable, fairly presented financials that provide a clear picture of the health of your organization. W&D’s audit services provide accurate, meaningful, unbiased and objective information.

Accurate, reliable audits, reviews and compilations — whether of financial statements, employee benefit plans or not-for-profits — are a central part of business integrity, affecting the availability of capital, the quality of internal decision making and the confidence of business partners, investors and donors.

W&D provides a full range of audit and assurance services to businesses in Chicago, across the U.S. and their interests abroad. Our reputation, quality and independence provide third party credibility that can enhance a company's position with the financial community. In fact, our firm is called upon by lending institutions to perform auditing services.

W&D is a participant in the AICPA's Peer Review Program receiving the highest quality ratings. We also act as a reviewer for other firms and serve on the Illinois CPA Society's Peer Review Committee. Our most recent review was successfully completed for the year ended March 31, 2023.  W&D is also a member of the AICPA's Governmental Audit Quality Center and Employee Benefit Plan Audit Quality Center.

Accounting standards changes & advisory services

An independent view of your accounting processes is often necessary when changes in regulatory standards, financial reporting requirements, trade laws, and the move toward global IFRS adoption initiate a need for review.  Warady & Davis will make recommendations and provide clarity on how accounting changes impact your tax compliance, IT systems, and reporting platforms.

W&D's audit & accounting services include:

• Application of new accounting standards & regulations
• Business and not-for-profit audits
• Employee benefit plan audits
• Accounting advisory services
• Financing & refinancing
• Reviews & compilations
• Controllership services
• Internal audits
• Operational reviews & audits
• Special reports & analyses
• Bank loan audits
• Projections & forecasts
• Due diligence reviews
• Litigation services
• Investment accounting
• Business valuations
• Internal control
• Fraud prevention & investigation
• Entrepreneurial/Small business accounting