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Services
Audit and Assurance Services

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Your stakeholders need assurance.
Your business needs clarity.

Whether it's your bank asking for financial statements, your investors wanting transparency, or regulators requiring compliance—you need a partner who gets the numbers right and explains what they mean. That's what Nichols Cauley does. We've handled audits, reviews and compilations for businesses in agriculture, construction, manufacturing, finance, and many other industries for decades. We know what your stakeholders need to see. We know what it takes to give your stakeholders the confidence they need.

You've got a business to run. Let us handle the audit and assurance services. Ready to move forward? Let's talk.

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Why Choose Nichols Cauley?

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Established Expertise 

Our assurance team focuses on one thing: getting it right. That focus comes from years of experience and deep industry knowledge. We've completed audits, reviews and compilations for businesses across agriculture, construction, manufacturing, financial institutions, nonprofits, governmental entities, and numerous other sectors. Each industry has its own rules, quirks, and red flags. We know them all. That means when we walk through your doors, we're not learning on your dime—we're bringing tested knowledge about what your stakeholders will scrutinize, what they'll question, and what matters most in your space.
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We Don’t Just Count Your Numbers—We Understand Your Business

Many audit and assurance firms treat your business like a filing system. Come in, pull the data, write the report, leave. We don't work that way. When you bring us in, we sit down with you and your team. We aim to learn all the intricate details about your business - what your production challenges are, where you've had cash issues before, how your relationships with lenders work, what growth looks like for you over the next few years, etc.. That context changes everything. It means we spot risks before your stakeholders do. It means we ask better questions during the engagement. It means our report actually makes sense for your business, not some generic template.

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Consistent, Credentialed Staffing

Our audit and assurance practice includes dedicated team members who return to your engagement each year, so there's no time lost re-learning your business, your people, or your risk areas. Team members are matched to engagements based on industry experience and key complexities knowledge, not just availability. Our team carries various credentials such as CPA, CIA, CISA, and CRCM designations — giving you technical depth at every level. Partners stay actively involved in every engagement, not just as sign-off signatures.

Our Engagement Approach

1

Listen and Understand

2

Build the Right Team 

3

Communicate Continuously 

4

Deliver with Purpose 

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Listen and Understand

Listen and Understand

Every engagement begins with a genuine effort to understand the business, the team, and what matters most to the client — not just the financial statements.

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Build the Right Team 

Build the Right Team 

We assign professionals with relevant industry and technical experience. Partners stay engaged throughout, not just at sign-off.

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Communicate Continuously 

Communicate Continuously 

No surprises. Issues and observations are shared in real time, and we maintain open dialogue with client management and governance throughout.

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Deliver with Purpose 

Deliver with Purpose 

Our deliverables are clear, timely, and actionable.

Who Needs an Audit or Other Assurance Service?

Banks, Investors, Regulators—They All Want the Same Thing: Independent Assurance

An audit or other assurance service isn't something you do just because it sounds smart. It's what your stakeholders require before they'll take action. If any of these sound like your situation, let's talk. We'll help you figure out what service best addresses your need and what each one involves so you know what to expect.

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Your Bank

Requires audited, reviewed or compiled financials before lending over a certain amount.

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Investors/Owners

Want to know the real numbers—not just what you think you made, but what an outside expert tested.

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Government Agencies

Some contracts and grants require financial statements with a certain level of assurance. You can't receive certain grants or bid without them.

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You

Want clarity on your actual financial position so you can make real decisions about growth, hiring, or management changes.

Industries We Serve

  • Agriculture & Agribusiness
  • Construction & Real Estate
  • Employee Benefit Plans
  • Family-Owned Businesses
  • Federally Recognized Tribal Nations
  • Financial Services
  • Franchisees
  • Governmental Entities
  • Health Departments
  • Hospitality & Retail
  • Manufacturing & Distribution
  • Not-for-Profit Organizations
  • Professional Services
  • Technology & SaaS
  • Utilities

Audit and Assurance Services

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Audits

Highest level of assurance — a risk-based methodology performed under GAAS and, where applicable, GAGAS, in accordance with GAAP, GASB, and applicable standards including Uniform Guidance and applicable regulatory requirements.

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Reviews

Limited assurance delivered through analytical procedures and inquiry — commonly used for lender covenants, board reporting, and interim periods.

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Compilations

Presentation-level engagements performed under SSARS — compilations with or without full disclosure.

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Debt Governance Compliance

Procedures to evaluate compliance with financial covenants in loan agreements — providing lenders and borrowers documented assurance.

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Preparations

Preparation of financial statements for management use, also performed under SSARS.

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Agreed-Upon Procedures

Targeted, factual findings on a specific subject matter — designed around your needs and reported directly to specified parties.

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SOC Reporting

SOC 1 and SOC 2 Type I and Type II reports — evaluating controls at service organizations under SSAE 18 and trust services criteria.

Consulting Services

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Enterprise Risk Management 

Get clarity on what could go wrong in your business. We help identify your biggest risks - operational, financial, regulator, and strategic - and help you prioritize what matters most so you can manage proactively rather than react to crises.

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Risk Assessments 

We sit down with your team, learn how your business actually works, and combine that with our industry knowledge to map out your inherent, control, and residual risks. The result is a clear picture of where your biggest vulnerabilities are and which risks matter most. Your leadership gets a practical roadmap for where to focus—what to mitigate, what controls to strengthen, and how to run the business with confidence.

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Internal Controls Review

Beginning with your risk assessment, we partner with your board of directors and/or audit committee and leadership to identify the internal controls that matter most. We then evaluate their design and operating effectiveness — so you know your safeguards are actually working or where to focus improvements.

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Interest Rate Risk & Liquidity Reviews

Review of interest rate risk exposure and liquidity management controls, particularly relevant for financial services entities.

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IT General Controls Review 

Assessment of IT infrastructure, access controls, change management, and data integrity procedures supporting financial reporting.

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Credit Quality Reviews 

Independent review of loan portfolios and credit underwriting, identifying concentration risk and portfolio quality trends.

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Succession & Governance Planning 

Structured consulting for board succession, leadership transition, and governance framework development.

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Regulatory Reporting & BSA 

Offer support and help navigate complex regulatory requirements with confidence. We help you stay compliant with Call Report, BSA, AML, and other regulatory demands—so you focus on your business, not penalties and corrections.

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Manage, Protect, Grow

Not sure which service is right for you? Let’s figure it out together.

Talk to an Auditor
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Let’s Figure Out Your Next Step

Call us at 800-823-0117 with the basics, or send us a message and we'll follow up. Either way, we'll give you a straight answer about timeline and cost. You don't need to know all the details—that's our job. But we do need to understand:

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Who’s asking for the service? (your bank, investors, regulators?)

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How complex is your business? (revenue, number of locations, account complexity)

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When do you need it completed?

Get In Touch With Us

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