Accounting & Auditing
Accounting & Auditing Specialists
Schaffner, Knight, Minnaugh & Company, P.C. believes that providing accounting and auditing services is more than just an annual event. Our specialists proactively remain in contact with you throughout the year. Through regular communication, we work closely with you to significantly improve internal control systems, financial reporting structures, and administrative efficiency.
Led by Chuck Knight, CPA, CVA as the principal in charge of our experienced accounting and auditing team, you not only receive an approach designed to meet professional standards, but one that is tailored to your business needs. Because our senior service professionals and principals are located in the Erie, PA office, you experience no delays in obtaining conclusions to complex business issues. Meeting your timetable is our top priority.
Our accounting and auditing specialists:
- Gain an understanding of your business practices and procedures, the markets you serve, and your business goals and objectives
- Evaluate your business systems and the underlying system of internal controls to ensure accurate financial reports are being generated
- Test your current system's ability to process and report transactions properly
- Identify significant account balances and tailoring our audit testing to the areas of higher risk or areas that include significant judgment
- Analyze your annual financial statements to ensure proper disclosures
To eliminate unnecessary duplication of effort and to increase efficiency, we customize our requests for information and schedules. Also, by performing audit testing before year-end, we reduce the time involved in finalizing the year-end financial closing, thus enabling our clients, like you, to receive more timely financial information.
Because the specialists of Schaffner, Knight, Minnaugh & Company, P.C., enjoy their work, our employee retention rate is high, which means that, mostly likely, the same team will work on your audit year after year. Utilizing the same team of experts annually increases efficiency. This efficiency and thorough knowledge of your business is our key to providing you with a risk-based audit approach and value-added suggestions.
As your auditors, we provide you with a timely delivery of an audit report and much more. A by-product of our audit service is the “management letter.” The management letter outlines formal suggestions to improve systems. We will meet with you and your senior management to review the management letter and the annual financial statements. Our ultimate goal is for you to receive a timely, efficient, and thorough audit from our top specialists.
