Financial statement
audits & reviews

Provide visibility and security to your critical stakeholders.

Looking for easier access to capital or additional financial credibility?

A financial statement audit or review can introduce needed transparency into the organization's operational and financial status. With this information, the organization can make better decisions and other stakeholders can feel more informed about the organization's performance.

See how our financial statement audits and reviews could help your organization.
Contact us to learn more.

Financial statement audits and reviews

Consider who benefits

Organizations seeking security and reassurance about the organization's operations and financials for internal and external stakeholders

Organizations seeking easier access to capital

Organizations seeking additional financial credibility

Organizations seeking to meet regulatory requirements for audits or other attest services

Consider the benefits

Provide visibility and security to an organization's lenders and stakeholders about an organization's financial status

Lay the foundation for access to capital and other resources needed (often required by lenders and investors)

Reinforce financial discipline and accountability

Meet regulatory requirements

How AGH's financial statement audits and reviews can help your organization

For a financial statement audit, an audit team reviews an organization's financial statements and the underlying data that supports them to ensure that the information is fairly and materially stated and reflects the organization's financial status. Before fieldwork, the team coordinates scheduling and deadlines with the organization's financial leadership, assesses risks that could affect financial performance, explores whether reasonable assumptions were made in creating the financial statements and determines an audit plan. Once onsite at the client's organization, the audit team reviews and confirms selected financial information (such as bank statement reconciliations, inventory and accounts receivable/payable) for comparison with the financial statements, and examines certain internal controls. The team is also required to consider the possibility of fraud.

For governmental and not-for-profit organizations that receive federal funds, a single audit determines whether funds were used for the purpose they were intended.

At the conclusion of fieldwork, a final meeting is held onsite with the organization's financial leadership to resolve any remaining questions or issues. AGH then issues an audit report draft for the organization's review and comment, then a final audit opinion.

A review engagement primarily includes applying analytical procedures to management's financial data and making inquiries of management. A review is considerably less in terms of scope as compared to an audit. A review report states whether the audit team found any variances from generally accepted accounting principles.

A compilation is substantially less in terms of scope as compared to an audit or review. There is no independent inquiry and confirmation of the data; it is simply formatting information into a financial statement. A compilation report is prepared indicating no opinion is expressed or any other assurance.

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Sean Weaver

Executive Vice President , Assurance Services

Sean Weaver leads the firm’s assurance department and serves as a senior advisor to the manufacturing and financial services industry teams. Weaver serves clients in the manufacturing, financial services and construction industries, as well as other service-related organizations. A certified public accountant, he is a member of the American Institute of Certified Public Accountants, the Kansas Society of Certified Public Accountants and the Institute of Internal Auditors.

He currently holds board or leadership positions with the Kansas Board of Accountancy, Wichita Aero Club, Wichita Manufacturers Association, Wichita Downtown Development Corporation, and Project Wichita. He has also held recent board leadership positions at the Cosmosphere-International SciEd Center and Space Museum (formerly Kansas Cosmosphere) and Prairie Dunes Country Club.

Kurt Breitenbach

Executive Vice President , Assurance Services

Kurt Breitenbach specializes in serving middle-market closely held businesses and entrepreneurial enterprises. He has more than 35 years of experience serving clients in automotive dealerships, cattle feeding, construction, distribution, ethanol production, franchisors with multi-state franchises, hotels, manufacturing, restaurant and wholesale. In addition, he has directed numerous litigation support projects related to lost profits/business interruption and damage calculations.

Breitenbach is a certified public accountant and a member of the American Institute of Certified Public Accountants, Kansas Society of Certified Public Accountants (where he is a past president), the Wichita Manufacturers Association and Construction Financial Management Association.

Aron Dunn

Senior Vice President , Assurance Services

Aron Dunn devotes a significant part of his practice to serving agribusiness clients and leads AGH’s agribusiness team. During more than 20 years helping ag-related clients build and preserve wealth, Dunn’s experience includes elevator operations, grain mills, renewable fuels, food processing entities, and cattle feeding operations. He has expertise in grain inventory existence, grain inventory valuation, hedging programs, grain-in-transit programs, grain basis and other highly specialized aspects of agribusiness. In addition, he has special-project background in mergers and acquisitions and refinancing.

Dunn is a certified public accountant and a member of both the American Institute of Certified Public Accountants and the Kansas Society of Certified Public Accountants (KSCPA). At one point, he served as the youngest-ever KSCPA chair, long time former chair of the KSCPA’s Auditing and Accounting task force and the Peer Review Process Improvement Task Force, and is a past president of the Wichita Chapter of the KSCPA. He is a former member of AICPA's Accounting & Review Services Committee among other AICPA committees and task forces.

Tara Laughlin

Vice President , Assurance Services

Tara Laughlin, a public sector team audit vice president, focuses exclusively on serving governmental and not-for-profit entities. Her practice includes some of the largest local government entities in the central US.

Tara has earned the Certified Government Finance Manager credential from the Association of Government Accountants. She is an active member and presenter for the Government Finance Officers Association. She is also a member of the American Institute of Certified Public Accountants and the Kansas Society of Certified Public Accountants. Tara earned both a bachelor’s and master’s degree in accountancy from Wichita State University.

Mike Lowry

Senior Vice President , Assurance Services

Mike Lowry specializes in governmental and not-for-profit clients. Prior to joining AGH, Mike’s experience included nearly 20 years of financial and technology leadership positions in hospitality management and software companies.

Mike is a certified public accountant who has earned the designation of Certified Government Financial Manager from the Association of Government Accountants, and he is also a member of the American Institute of Certified Public Accountants, the Kansas Society of Certified Public Accountants, and the Association of Government Accountants. He is a frequent presenter and member of the Kansas, Missouri and Great Plains Financial Officers Association, and serves as a CAFR reviewer for the GFOA.

Mark Schmelzle

Senior Vice President , Assurance Services

Mark Schmelzle leads the firm’s financial services industry team and is a member of the manufacturing and private equity teams. His practice focuses primarily on financial institutions, manufacturing/wholesale/distribution entities and private equity groups.

In the financial services and manufacturing industries, his experience includes financial statement audits, fraud investigations and other types of attest services.

In the private equity area, Mark provides a wide range of merger and acquisition services for private equity groups and their portfolio companies, including due diligence, cash flow analysis, quality of earnings review, and potential cost-savings analysis.

Schmelzle is a certified public accountant and a member of the American Institute of Certified Public Accountants, the Kansas Society of Certified Public Accountants and Young Bank Officers of Kansas. He is an alumnus of Leadership Wichita and was named one of the Wichita Business Journal’s “40 Under 40” young leaders in the community. He also serves in leadership positions for community organizations including Youth Entrepreneurs and the Wichita Aero Club.