Welcome to AgeeFisherBarrett, LLC

Accounting / Audits

Forensic Accounting
Financial Statements
Write-Up Services
QuickBooks Training
System Analysis/Documentation
Controls Compliance
SAS-70 / SSAE-16
401(k) Plan Audits
403(b) Plan Audits

Forensic Accounting

Forensic accounting is the practice of utilizing accounting, auditing, and investigative skills to assist in legal matters. It encompasses 2 main areas – litigation support, investigation, and dispute resolution. Litigation support represents the factual presentation of economic issues related to existing or pending litigation. In this capacity, the forensic accounting professional quantifies damages sustained by parties involved in legal disputes and can assist in resolving disputes, even before they reach the courtroom. If a dispute reaches the courtroom, the forensic accountant may testify as an expert witness. Forensic accountants can be used for investigating mergers and acquisitions, and in tax investigations, economic crime investigations, all kinds of civil litigation support, specialized audits, and even in terrorist investigations.

If you think you may have a need of these specialized services, please contact us today.

Financial Statements

AgeeFisherBarrett, LLC performs traditional auditing, review, and compilation services for commercial enterprises, not-for-profit organizations, and employee benefit plans.

Our philosophy is to audit the business using a value added approach, not just the traditional financial statement audit. Our value added auditing supplements the traditional financial reporting by providing a more detailed, transparent picture of the company’s performance, market opportunities, strategy, risks and other important non-financial value drivers.

Our knowledgeable professionals will perform an audit that will provide financial information and recommendations in a format that is useful to internal management as well as external users.

Beginning with the planning process and continuing through the issuance of the financial statements, we evaluate your business and offer professional insight on how to improve your company.
Contact us today and get started.

Write-Up Services

AgeeFisherBarrett, LLC offers a complete range of accounting services, including receivables, payables, and payroll management.

We prepare monthly, quarterly or annual financial statements in accordance with Generally Accepted Accounting Principles (GAAP) for use by banks, investors, and other third parties. Our firm will also prepare custom financial reports for internal, managerial use.

Other write-up services include bookkeeping, monthly operating statements, bank reconciliations, payroll, audit trials, financial graphs and budgets.

QuickBooks Training

Our knowledgeable professionals will have you quickly organizing your personal finances or small business accounting on this popular software product. Millions of people use QuickBooks to keep track of daily transactions and provide hundreds of useful customized reports.

Maximize your time at home or at work by allowing the tax and accounting professionals at AgeeFisherBarrett, LLC to teach you how to master this financial tool.

System Analysis/Documentation

We have the expertise and experience to analyze your internal systems and provide meaningful documentation that will help management in the decision-making process.

Over 25 years of experience with systems of a wide variety of small, medium and large businesses allow our professionals to identify the strengths and weaknesses of your specific system. This system analysis could mean the difference between profits or losses and ultimately market survival.

Our analysis will provide invaluable guidance to enhance the foundation of your business and lead you on the road to long-term growth and success among your competitors.

Controls Compliance

Learn how to maintain control over your control environment while satisfying regulatory obligations and maximizing the operational and reporting functions of your business.

AgeeFisherBarrett, LLC understands the importance of effective controls to the function of your enterprise and we will help you navigate through changing business conditions to emerge a leader in your respective industry.

Services include SAS 70, Trust Services, compliance related examinations, business and general computer controls testing, agreed-upon procedures, and consulting services related to preparing for internal control audits.

SAS 70 & SSAE-16 Audits

What is a SAS 70 Audit?

The Statement on Auditing Standards No. 70, more commonly known as a SAS 70 Audit, is an audit standard developed by the American Institute of Certified Public Accountants (AICPA). A SAS 70 Audit provides an independent, objective analysis and reporting on the design, implementation and operating effectiveness of the controls and processes performed within a service organization.

Some examples of service organizations include insurance and medical claim processors, payroll companies, 401(k) administration, inventory storage facilities, freight payment companies, software developers and vendors and asset investment services.

The SAS 70 Audit is highly regarded due to the fact that a favorable opinion demonstrates that an organization has withstood a stringent audit of their internal controls. In today’s environment it is important that a service provider have strict controls over their information technology in order to safeguard information and data belonging to their customers.

Upon completion of a SAS 70 Audit, a Service Auditors’ Reports is presented to the service provider which contains the service auditors’ opinion. The Service Auditors’ Report provides a single source of standardized information to the service provider. It discloses information pertaining to internal control activities and processes to customers, and is valuable marketing tool to present for potential customers or investors.

There are five main elements of a SAS 70 Audit:

Risk Assessment
Control Environment
Control Activities
Information and Communication
Monitoring

By completing a SAS 70 Audit an organization demonstrates to current and potential customers that they are delivering a secure, reliable, effective operating environment with proper controls in place.

For more information regarding SAS 70 Audits please contact one of our auditors.

401(k) Audits

What is a 401(k)?

A 401(K) plan is a retirement savings plan offered by some employers in the United States. Contributions to a 401(k) are deferred from an employee’s paycheck pre-taxation. The contributions are then invested into the company’s 401(K) which is handled by a third party administrator. The third party administrator invests the money into mutual funds, bonds and money market accounts that the employee selects.

The IRS and Department of Labor have recently increased government regulations on 401(k) plans offered by employers. The rules are now extremely stringent and non-compliance can cost companies large amounts of money.

Do we need a 401(k) Audit?

When a company contains more than 120 employees who participate in the 401(k) plan they are required to have an annual compliance audit of financial statements that accompany the Form 5500. Form 5500 is required by the Department of Labor to be sent in annually for pension and benefit plans. Companies that start new 401(k) plans containing 100 or more participants are required to have an audit conducted.

401(k) audits play an important role in proving that the plans are under proper management and funds of employees are being properly invested. If the employer offers any form of matching, monitoring to make sure funds are matched properly will also take place.

At AgeeFisherBarrett, LLC we know how vital it is to understand the audit requirements and latest developments effecting them. To find out if your company is required to have a 401(k) audit or for more information regarding audits of 401(k)’s please contact us and speak to a member of our Audit Team.

403(b) Audits

What is a 403(b)?

A 403(b) tax-sheltered annuity plan is a retirement plan offered to employees of educational institutions, government agencies, and non-profit organizations. The 403(b) plan shares many of the same characteristics and benefits of a 401(k) Plan.
Do we need a 403(b) Audit?

Previously companies that offered a 403(b) plan were not required to complete Form 5500, the “Annual Return/Report of Employee Benefit Plan”. Now, companies offering 403(b) plans that have 100 or more participants are required to send in Form 5500 with an audited financial statement.

Additionally, audits of 403(b) plans are now required by the Employee Income Security Act (ERISA) in order to protect plan participants. Audits of 403(b) plans ensure that the plan is being properly administered and that participants are receiving the benefits which they are entitled to.

It is important that all 403(b) plans meet the General Accepted Account Principles (GAAP) and are in compliance with ERISA. To find out if your company is required to have a 403(b) plan audit or for more information regarding audits of 403(b) plans please contact us and speak to a member of our Audit Team.