Auditing and Accounting Services

• Grain Elevators

• Farm Supply Companies

• Cooperatives

• Computer Systems

• Review and Compilation Engagements

• Management Consulting

• Training Seminars

• Collateral Verification

• Investigative Work

How We Serve You
Our approach to your audit will be to identify the areas where the risks of financial statement misstatement are the greatest, and design our audit tests in response to those risks. Based on our vast experience with farm supply and grain marketing co-ops, we know that the primary risks are likely to be found in grain‑related accounts and transactions as well as accounts receivable collectibility, inventory valuation, hedging, potential unfavorable commitments and accounts payable. 

In auditing the grain accounts and transactions, the areas we will give the most attention will be inventory measurements, cut‑offs between fiscal years, bringing contracts to market and completeness of obligations for stored grain and grain payables. We will insist on being directly involved in the measurement of the year‑end grain inventory. We will send written confirmation of storage obligations, payables and open contracts to a sample of your customers.

We perform most of our work on your premises. A relatively small percentage of our time will be spent away from your office. We believe this approach is more efficient, and it allows you to have a good idea of how much time we actually spend on your audit.

At the conclusion of the audit, we expect to meet with your board of directors to report on our findings. The lead auditor in charge of your engagement will be the one to report to your board.