Our
Services for Associations
Opinion Audits- Full Scope or
Balance Sheet
The Board can engage Helin & Donovan, LLC to perform an opinion audit on the association’s financial statements. Annual audits are designed to perform an in-depth review of the financial condition, operations, and internal controls of associations. One of our principals has over 18 years experience in performing financial services industry audits and accounting, including significant experience with associations.
Internal Audit Program
The internal audit "outsource" program is an in-depth review of
operations and internal controls is a cost-effective alternative to hiring a
full-time internal auditor and is specifically tailored to meet the needs of
associations.
Tax Compliance and Planning
Our firm can provide tax return preparation (990, 990-T, and 1120’s), tax return reviews, tax planning and consulting, and state and local tax compliance services for Associations and their subsidiaries. One of our principals has over 13 years of experience in taxation. In addition, we can provide timely analysis of tax proposals or regulations impact on your members.
Investments Advisory Services
Our principals have significant
experience in evaluating, reporting on, or advising our clients with respect to
investments, investment policy and procedures, Asset Liability Management, and
investment products. One principal has
passed the Series 65 exam and the other has passed the Series 7 registered
securities representative exam.
Agreed Upon Procedures Reports
We can provide engagements to perform procedures agreed to by the Board
that can cover a wide range of issues facing associations including fraud
detection, expenses, reconciliations, account verification, and other
procedures.
The Board is responsible for insuring that management of the association meet all required financial reporting objectives and maintain internal control practices and procedures sufficient to safeguard members’ assets. To fulfill this responsibility, the Board must determine whether; internal controls are established and effectively maintained, accounting records and financial reports are promptly prepared and accurately reflect the results of operations, the plans, policies and control procedures established by the board are properly administered and conducted throughout the association, and established policies and control procedures are sufficient to adequately safeguard against error, conflict of interest, self-dealing and fraud.
Our firm has the services and resources to assist associations of all sizes meet these responsibilities.