Service Solutions

Credibility, objectivity and insight in financial reporting

Financial analysis is more sophisticated than ever. Users of financial statements are demanding more predictive information to help with decision making.

Audited financial statements—the centerpiece of BKD’s assurance services—have added benefits for clients far beyond their immediate compliance function. For example, they bring credibility to your financial picture. They communicate information objectively and in a way that makes data easier to find and understand. Beyond these basics, they provide insight so that you can improve your business. These benefits also apply to our other assurance services.

We work hard to maintain high standards of professional practice, including a strong system of quality control that emphasizes independence and objectivity and includes many control features that exceed our profession’s requirements.

Features of Our Quality Control System

• BKD is registered with the Public Company Accounting Oversight Board (PCAOB), which is required in order to serve as an independent auditor of public companies. BKD currently is the auditor of record for more than 60 companies registered with the Securities and Exchange Commission (SEC).
• All professional personnel are required to confirm their independence with respect to the firm’s assurance clients annually.
• The director of accounting and auditing, a partner independent of any client duties, is responsible for overseeing this process and making any judgments on application of the independence rules.
• We have rigid standards for acceptance of new engagements. New engagements that are unusually large or complex require the approval of the managing partner.
• All assurance engagements are reviewed by a second partner or manager who is not involved in providing services to the client.
• We require mandatory consultation with specialists on difficult accounting or auditing issues.
• An independent CPA firm regularly reviews our work, and we have always received a "clean" opinion in these reviews. BKD, in fact, was represented on the original AICPA quality review committee that developed the national peer review program in the mid-1970s, and our own quality control program dates from 1974.
• We conduct our own internal peer reviews on a regular basis.
• Our training programs provide 50% more training than required by professional standards.

• Employee benefit plans

Assurance Services

• Industry-specific financial reporting services
• Audits, reviews & compilations of financial statements
• Organizational performance measurements
• Internal controls
• Internal audits
• Initial public offerings & SEC filings
• Other regulatory filings & government reports
• Due diligence/special investigations
• Activity-based cost accounting
• Attesting to reliability of nonfinancial information
• Sarbanes-Oxley Section 404 compliance
• Employee benefit plan audits

Internal Audits for Financial Institutions

For More Information

Contact your BKD advisor or:

Doug Bennett
Accounting & Auditing Services Director
417.831.7283