Stancil provides independent audit and attestation services for businesses, nonprofit organizations, and employee benefit plans throughout Raleigh, Durham, and the Triangle. Our experienced audit team combines technical knowledge, responsive communication, and secure technology to deliver an organized engagement with minimal disruption.
Our audit process is designed around your organization—not the other way around. We bring structure, clear communication, and deep technical knowledge to each engagement.
An overview of the audit and attestation services we provide to help organizations strengthen financial reporting, meet requirements, and make informed decisions.
Financial Statement Audits
Our independent financial statement audits provide reasonable assurance that an organization’s financial statements are presented fairly under the applicable reporting framework. We assess risk, evaluate relevant internal controls, test financial information, and issue an independent auditor’s report.
Financial Statement Reviews
A financial statement review provides limited assurance through analytical procedures and inquiries. Reviews may be appropriate when a lender, bonding company, investor, or other stakeholder needs CPA-issued financial statements but does not require a full audit.
Nonprofit Audits
Our nonprofit audit services help charitable organizations, associations, foundations, and other mission-driven entities meet grant, lender, board, and regulatory reporting requirements. We understand nonprofit financial reporting, contribution revenue, donor restrictions, grants, and governance considerations.
Employee Benefit Plan Audits
We conduct independent audits of eligible employee benefit plans, including 401(k) plans, to support Department of Labor reporting requirements. Our team coordinates with plan sponsors, administrators, custodians, and other service providers to keep the engagement moving efficiently.
Agreed-Upon Procedures
Agreed-upon procedures engagements allow specified parties to select particular procedures for our team to perform. We report factual findings without providing an audit opinion or assurance conclusion.
Internal Control Recommendations
During an audit, we may identify opportunities to strengthen accounting procedures, documentation, segregation of duties, and financial oversight. We communicate relevant findings and practical recommendations to management and those charged with governance.
What To Expect
Plan
We learn about your organization, reporting requirements, operations, systems, and key financial-statement risks. We then establish the engagement timeline and coordinate responsibilities with your team.
Prepare
You receive a clear request list outlining the schedules and supporting documents needed. We communicate early about deadlines, open questions, and potentially complex accounting matters.
Fieldwork
Our team performs the required procedures, maintains regular communication, and works to resolve questions efficiently while minimizing disruption to your organization.
Report
We complete the applicable CPA report, discuss the results with management or the board, and communicate relevant internal-control or financial-reporting recommendations.
When You May Need an Audit
Does Your Organization Need an Independent Audit?
An audit may be required or requested when your organization:
Receives funding subject to audit requirements
Needs audited statements for a lender or investor
Must meet a contractual or regulatory requirement
Has a governing board that requests independent assurance
Sponsors an employee benefit plan subject to audit requirements
Is preparing for a transaction or ownership change
Wants greater confidence in its financial reporting
WHAT OUR CLIENTS SAY
Trusted by Businesses Throughout Raleigh and the Triangle
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"Stancil has been my accountant firm for nearly 50 years, and the reason is they have always provided excellent and competent service the entire time! They provide accurate advice, timely preparation of all documents, and the highest level of professionalism!"
Managing investments, trusts, and long-term planning decisions can create uncertainty without coordination. Coordinated tax and advisory support helps bring clarity across your financial picture.
Running a business often means balancing daily operations with long-term financial decisions. Coordinated tax, accounting, and advisory support helps you stay focused while keeping your financial strategy aligned.
Growth introduces new reporting, compliance, and planning challenges that can become difficult to manage alone. Consistent guidance helps create structure so decisions feel more controlled and predictable.
Owning multiple businesses or income streams can lead to fragmented decision-making. Integrated oversight ensures your entities work together under one clear financial strategy.
An independent CPA audit provides reasonable assurance that financial statements are presented fairly in accordance with applicable accounting standards. Audits are often required by lenders, investors, regulators, grantors, and governing boards.
Common items include financial statements, bank reconciliations, supporting schedules, invoices, contracts, payroll records, debt agreements, and prior year reports.
Maintaining organized accounting records, reconciling accounts timely, and communicating significant transactions early can help make the process more efficient.
At the conclusion of the engagement, the CPA firm issues an independent auditor’s report and may provide recommendations to help strengthen processes and financial reporting.
A review engagement provides limited assurance through analytical procedures and inquiries performed by an independent CPA. Reviews are commonly requested by banks and external stakeholders.
A review is narrower in scope than an audit and does not include detailed testing of transactions or internal controls. As a result, reviews generally require less time and cost than audits.
Reviews are often suitable for privately owned businesses that need CPA-issued financial statements for lending, bonding, or ownership reporting purposes.
Timing depends on the organization’s size, complexity, record quality, reporting requirements, and responsiveness. Planning early and preparing requested schedules before fieldwork can make the process more efficient.
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