With over 70 years of serving audit and assurance clients, we know that many companies view the compliance process – and audits – as necessary evils. At LaPorte, when audits are necessary, we also recognize them as opportunities to bring real value to our clients.
Members of our Audit and Assurance Services practice accomplish this by keeping abreast of regulatory changes, communicating these changes to their clients, gaining valuable accounting information during the audit process, and sharing it with their clients.
This information can be important in helping management:
- Identify areas of risk
- Improve efficiencies
- Implement best practices
- Develop benchmarking
- Forecast financials
At LaPorte, we hold ourselves to high standards by participating in annual continuing professional education; staying up to date on regulatory and legislative developments; and maintaining memberships in industry quality control organizations, such as the Center for Audit Quality and Public Company Accounting Oversight Board. We also comply with the AICPA’s quality control requirement for peer review of our accounting and auditing practice.
Our assurance and consulting services to clients of all sizes and across industries including, among others:
Assurance Services
- Audits, reviews, and compilations of financial statements
- Agreed-upon procedures
- Audits of federal awards programs (compliance with Uniform Guidance)
- Employee benefit plan audits
- IT audits, reviews, and evaluations
- Type I and Type II SOC 1 reports
Consulting Services
- Due diligence for mergers and acquisitions
- Internal control studies and evaluations
- IT process design, evaluations, and risk assessments
- Reviews of quarterly filings for public companies
LAPORTE AUDIT AND ASSURANCE SERVICES OVERVIEW

FASB clarifies scope of reference rate reform guidance
(authored by RSM US LLP) The FASB has clarified that certain ASC 848 expedients and exceptions apply to derivatives affected by the discounting transition.

Deferred tax asset valuation allowance
(authored by RSM US LLP) Our article discusses weighting evidence in discerning whether a valuation allowance should be recognized for deferred tax assets.

Proposed accounting for acquired revenue contracts with customers
(authored by RSM US LLP) A recent proposed ASU addresses the accounting for revenue contracts with customers acquired in a business combination.