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Audit & Assurance Services

Need to maintain accountability with creditors, investors, and shareholders? Our comprehensive audit and assurance services give you the assurance that your financial statements and businesses processes meet the highest standards of accuracy and compliance.

Financial Clarity Begins Here

Ready to transform financial uncertainty into financial clarity? It all begins with a simple phone call.

(301) 360-9500

Audit & Assurance Services for Every Business Need

At Faragalla and Associates, we offer three levels of audit and assurance services to meet the unique needs of your business. Whether you need basic financial statement preparation or a comprehensive audit, our team is here to help you maintain credibility with investors, creditors, and stakeholders. Here’s what we offer:

Compilations

Our most basic level of service, compilations are ideal for businesses that need financial statements but do not require in-depth verification. It's quick, it's straightforward, and it gives you the essentials you need when you need them.

Reviews

Reviews offer a middle ground for businesses that need greater assurance without the full scope of an audit. We conduct in-depth interviews with key personnel, reviewing your accounting policies, industry specifics, and operational processes. This thorough approach results in more reliable financial statements, plus a professional review report.

Audits

Our audit services represent the highest level of financial scrutiny we offer. We work closely with your team to thoroughly examine your financial records and internal controls while following Generally Accepted Auditing Standards (GAAS).

You Know It’s Time for an Audit When…

Financial transparency becomes increasingly important as your business evolves and reaches new milestones. That’s why growing businesses turn to us.

Whether you’re preparing for a major financial event, looking to strengthen internal processes, or maintaining long-term credibility, our audit and assurance services are designed to support your success. Here are common signs that it might be time for an audit:

You’re Preparing for Investors or Financing

When you need outside funding, potential investors or lenders want transparent financial information to evaluate the health of your business. Our team dives deep into your financial statements, ensuring you put your best financial foot forward.

You Need to Stay Compliant

Does your industry have strict regulatory and audit requirements? You’re in good hands with us. We stay up-to-date with evolving regulations, ensuring your business stays compliant and avoids costly penalties or reputational risks.

You Are Making an Exit

Whether you're planning a sale, merger, or acquisition, buyers need a clear view of your financial health. We deliver accurate and detailed financial reports, providing buyers with the confidence they need to close the deal.

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Financial Planning

Financial success demands hard work. But it also requires strategic planning and guidance from experts who understand your financial situation and goals. This is where our sister company Monocacy Wealth Management excels.

Whether you need help updating your tax strategies, rebalancing your portfolio, or anything in between, we’re here with you every step of the way.

Real Reviews, Real Success

Abdul W

Faragalla and Associates offer outstanding service to small businesses bringing together key pieces to successfully run your business.

I am a customer and have always been more than satisfied by their efforts. I would strongly recommend them. Thank you!

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Meet Your Financial Partners

We founded Faragalla and Associates in 1991 because we saw a major industry gap—too many accounting firms were leaving clients feeling overwhelmed and underserved.

We made a vow to change this by prioritizing personalized attention and clear communication at every step.

Learn more about our founding principles and the client-focused approach that has made us stand out for over 30 years.

Transform Your Financial Uncertainty into Opportunity

Living in the financial dark means missed opportunities, unnecessary stress, and an uncertain future. Our team will give you the timely and actionable financial data you need to make informed decisions, drive business and personal growth, and secure your financial future. Contact us now for a free discovery call!