Copyright © 2010
Boldt, Carlisle & Smith, LLC.
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Municipal Audits

From  its inception, Boldt, Carlisle & Smith, LLC has been dedicated to serving  municipalities in Oregon.   Many Members of the firm are licensed by the State  Board of Accountancy to conduct municipal audits and our firm roster includes a  total of eleven municipal auditors.

Our  approach to auditing municipal and other corporations has been developed over 30  years of experience and adheres to the requirements of:

• Generally  Accepted Auditing Standards
• Minimum  Standards for Audits of Municipal Corporations
• Generally  Accepted Government Auditing Standards
• Office  of Management and Budget circular A-133

Our  municipal auditing experience includes counties, cities, school districts, and a  variety of special districts and agencies.

GASB 34

GASB  34 represents the most comprehensive change in financial reporting by  governmental entities in history.

This  new pronouncement will be phased in over the next three years, starting with years  beginning after June 30, 2001.  Because of this, Boldt, Carlisle & Smith  has made a concerted effort to educate ourselves and the municipalities we serve  on this pronouncement.  In fact, we presented several four-hour seminars around the mid-willamette valley to help our clients get up to speed quickly. 

If you would like to learn more about GASB 34 and its requirements, click here.

Commercial Audits

Boldt,  Carlisle & Smith serves a variety of businesses located in the  mid-Willamette Valley in industries such as:

• Construction
• Wholesale  & Distribution
• Franchisors
• Financial  Institutions
• Insurance  Companies

Using  the latest in computer aided audit techniques, we have developed an audit  approach which is both thorough and efficient.  With this we strive to add value  to our audit services by providing objective insight and critical analysis on  business performance, internal controls and financial reporting  systems.

Other Financial  Statement Engagements

Review

While  lesser in scope than an audit, a review provides limited assurance based on  analysis of financial statement trends and ratios coupled with inquiries of  management regarding accounting procedures and policies used to prepare the  financial statements.

Compilation

These  services do not provide any assurance on financial statements and are limited to  presenting information in the form of financial statements.

Other Assurance Services

At  Boldt, Carlisle & Smith, our goal is to provide our clients with the  appropriate level of service to meet their needs and to do that with  excellence.

We  understand that there may be certain items of particular interest to our  clients. In these situations, we suggest that we be engaged to perform certain  agreed-upon procedures to the items of interest. These engagements allow for  greater flexibility and can provide our clients with the exact information they  may need.

These  services can be applied to a variety of circumstances including:

• Litigation  Support
• Financial  Analysis
• Reviews  of Controls
• Compliance  with legal and contractual obligations.

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