Audit & Assurance

We provide the above audit and assurance services for the following:

Audit and Assurance


With four levels of assurance:

External Audit We provide reasonable assurance, by means of applicable standards, on the fair presentation of financial statements.

Internal Audit By assessing and monitoring the company’s risk management, reporting and control measures, we make recommendations for improvement on a company’s internal controls.

Review We use inquiry and analytical procedures to express limited assurance that there are no material modifications that should be made on the financial statements.

Compilation Presenting information, consisting of management’s representations in the form of financial statements, without expressing assurance.

When you need a financial statement audit, review, or compilation to satisfy your external reporting needs, Nicholson & Olson, CPA’s will provide the guidance and service necessary to ensure a quality on-time report. Throughout each engagement we evaluate the efficiency and effectiveness of your accounting and internal control systems, and make practical recommendations to streamline and improve your operations. We will help you present your organization to others in an effective and positive manner.

Nicholson & Olson, CPA’s ensures implementation of strict compliance with AICPA Generally Accepted Auditing Standards (GAAS), GAO Generally Accepted Government Auditing Standards (GAGAS), and Statements on Auditing Standards (SAS), Office of Management and Budget (OMB) Circular A-133 audit requirements.

Nicholson & Olson, CPA’s is a member of the American Institute of Certified Public Accountants (AICPA), and is an active member of the AICPA’s Government Audit Quality Center http://gaqc.aicpa.org and the Employee Benefit Plan Audit Quality Center http://ebpaqc.aicpa.org. As required by the AICPA, Nicholson & Olson undergoes an independent peer review of the quality control policies and procedures within the Firm’s accounting and auditing practices.