Financial Audits

Akato & Associates | CPAs > Services > Financial Audits

Managing your finances with accuracy and transparency is an essential part of running a stable and compliant business. At Akato & Associates, we provide thorough financial audit services for companies, nonprofit organizations, and homeowner associations (HOAs) in Virginia and across the globe. Our audits give you a clear, reliable view of your financial position, helping you operate with confidence and meet your reporting obligations.

Whether you’re preparing for lenders, ensuring HOA board accountability, meeting regulatory requirements, or reviewing your internal controls, our audit team delivers careful and dependable service.

Financial Audit Services for Small Businesses, Organizations & HOAs 

A financial audit does more than verify numbers. It helps you understand how your business or association is performing, where risks exist, and how to strengthen financial operations. We review your financial statements, accounting records, internal controls, and compliance obligations to provide an objective assessment tailored to your needs. We deliver audits designed to meet both state-level requirements and global audit standards.

Our team supports:

Benefits of Professional Financial Audits

 
Accurate Financial Reporting

Our audits confirm the accuracy of your financial statements and ensure compliance with accepted accounting standards. For HOAs, this includes evaluating reserve funds, assessment income, and vendor payments to ensure proper stewardship of community finances.

 
Stronger Internal Controls

We identify opportunities to strengthen your financial processes, helping reduce errors and fraud risk. HOAs benefit from clear oversight of dues collection, board-approved expenditures, and community reserve management.

 
Clear Cash Flow Visibility

Audits highlight how cash moves through your organization—whether business operations or HOA community accounts—helping you manage budgets more efficiently.

 
Compliance and Regulatory Support

We help businesses, nonprofits, and HOAs maintain compliance with state laws, industry regulations, and reporting requirements.

 
Better Decision-Making

Reliable, verified information gives you a stronger foundation for future planning, whether you’re expanding operations or managing HOA community reserves.

Our Audit Services Include

1

Financial Statement Audits

A complete review of your balance sheet, income statement, and cash flow statement to confirm accuracy. For HOAs, this includes assessment revenues, reserve funds, and operating expenses.
2

Internal Audits

We evaluate your internal controls, accounting procedures, and operations. This includes reviewing HOA board processes, vendor approvals, reserve studies, and financial governance.
3

Compliance Audits

We assess whether your business or HOA meets applicable reporting and regulatory standards, including state HOA statutes and financial disclosure obligations.
4

Forensic Audits

In cases of suspected fraud, mismanagement, or financial irregularities—whether in a business or HOA—we conduct a detailed investigation to uncover and document findings.
2
We review your operations to identify financial and procedural risks. HOAs often use this service to evaluate reserve planning, vendor contracts, and long-term financial sustainability.

Why Small Businesses, Organizations, and HOAs in Virginia and Beyond Choose Akato & Associates

  1. Local Knowledge With a Broad Perspective
    As a Virginia-based firm, we understand the financial and regulatory needs of local businesses and homeowner associations, while also offering audit services aligned with national and international standards.
  2. Customized Audit Approach
    We tailor each audit to your structure—whether you are a startup, a nonprofit organization, or an HOA managing community funds and reserves.
  3. Reliable and Professional Service
    With extensive experience in audits and financial reporting, our team provides accurate reviews and practical recommendations you can trust.
  4. Flexible Remote Options
    Our virtual audit process allows business owners, board members, and property managers to access their financial information securely and conveniently.

FAQs About Our Bookkeeping Services

Yes. We audit HOAs, condominium associations, and community associations, including reserve funds, dues collections, vendor payments, and annual financial reporting.

Audits help protect homeowners, support board accountability, and ensure that association funds are managed responsibly and in compliance with state requirements.

Yes. We can perform the audit and help you organize your financial information for clearer reporting moving forward.

No. We work efficiently to minimize interruptions for businesses, nonprofits, and community associations.

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