Business Services

Audit

HMV provides financial reporting and business advice from audits of businesses. The goal of our Audit Department is to provide clients with timely financial reporting and business advice consistent with the client's specific business needs.

Our Audit Department can help your business establish accounting controls and reporting systems to manage the vast amount of accounting data, thereby allowing your business to operate more profitably. A typical audit includes the following steps:

• Assessment of internal control structure to determine the nature, extent, and timing of audit test
• Development of proposed audit plan, focusing on areas where the greatest risk of misstatement exists
• Usage of audit sampling to test the control structure and confirm balances
• Issuance of reports expressing HMV's opinion on client's financial statements
• Issuance of reports expressing HMV's opinion on material weaknesses in the business' system of internal control