Financial Audit & Review Services

Independent, thorough financial audits and reviews that give you, your lenders, and your stakeholders confidence in your numbers.

Financial Audits

What is a financial audit?

A financial audit is an independent examination of your financial statements and records to verify they are accurate, complete, and prepared in line with accepted accounting standards. The result is credible, verified financial information that you, your lenders, your board, and your investors can trust.

Side By Side Financial provides financial audit, review, and assurance services for businesses and nonprofits nationwide—along with the audit preparation and internal reviews that keep you ready and protected all year.

What's Included

Audit & assurance services we provide

Financial Statement Audits

A thorough, independent audit of your financial statements for the highest level of assurance—often required by lenders, investors, or grantors.

Reviews & Compilations

Lower-cost review and compilation services when a full audit is not required but you still need credible, professionally prepared financials.

Audit Preparation & Support

We get your books and documentation audit-ready and support you through an external audit so it goes smoothly.

Internal Financial Audits

Independent internal reviews of your financials and processes to catch errors, waste, and risk before they become problems.

Internal Controls Review

An assessment of your financial controls to reduce the risk of fraud and error and strengthen your operations.

Nonprofit & Grant Audits

Specialized audit and compliance support for nonprofits and organizations with grant and funding requirements.

Audit vs. Review

What is the difference between an audit, a review, and a compilation?

These three services offer different levels of assurance at different costs:

We help you determine which level you actually need—so you do not overpay for more than your situation requires.

Why It Matters

Why would a business need a financial audit?

Audited or reviewed financials are often required when you seek significant financing, take on investors, sell your business, or receive grants. Beyond compliance, an audit gives you an independent check on your numbers and controls—surfacing errors, inefficiencies, and risks you might not catch on your own. It builds trust with everyone who relies on your financial statements.

Be Ready

How do you prepare for a financial audit?

The key to a smooth, affordable audit is preparation: clean, reconciled books, organized documentation, and sound internal controls all year—not a scramble when the auditor arrives. Because we keep your books accurate year-round, we can get you fully audit-ready and support you through the process, saving time, stress, and cost.

Pricing

How much does a financial audit cost?

Audit and review pricing depends on the size and complexity of your organization, the level of assurance you need, and how clean your records are coming in. A review or compilation costs considerably less than a full audit—which is why we first help you determine the right level for your situation. Well-organized books also lower the cost, since less time is spent untangling records. We scope it transparently in your free consultation.

Who We Serve

Industries We Specialize In

Financial audits and reviews are essential for nonprofits, businesses seeking financing or investors, and any organization that needs verified, credible financial statements.

Construction
Trades & Contractors
Real Estate
Healthcare
Retail
Nonprofits
Professional Services
Restaurants & Hospitality
Trucking & Logistics
E-Commerce
Startups
And More
Why Businesses Choose Side By Side Financial

We don't just do your books—we become a strategic part of your team. Our clients get enterprise-level financial expertise at a fraction of the cost of an in-house finance department.

One firm for accounting, tax, payroll, and CFO services
Virtual-first model—we work with businesses anywhere
Industry-specific expertise, including Davis-Bacon and prevailing wage
Proactive communication—not just reactive number-crunching
Transparent pricing with no surprise fees
FAQ

Common Questions

Have a question about financial audits? Reach out and we'll answer it promptly.

Contact Us
What is a financial audit?
A financial audit is an independent examination of your financial statements and records to verify they are accurate, complete, and prepared according to accounting standards, giving stakeholders confidence in your numbers.
What is the difference between an audit, a review, and a compilation?
An audit provides the highest level of assurance through in-depth testing; a review provides limited assurance; a compilation provides professionally prepared statements with no assurance. We help you choose the right level.
Why would my business need an audit?
Audits or reviews are often required for financing, investors, business sales, or grants, and they provide an independent check on your numbers and controls that builds trust with everyone who relies on your financials.
How much does a financial audit cost?
It depends on your size, the assurance level needed, and how organized your records are. Reviews and compilations cost far less than full audits; we scope the right option transparently in your free consultation.
Do nonprofits need financial audits?
Many nonprofits are required to have annual audits or reviews by their funders, grantors, or state law. We provide specialized nonprofit and grant audit support.
How do I prepare for an audit?
Keep clean, reconciled books, organized documentation, and strong internal controls year-round. We keep you audit-ready and support you through the process so it goes smoothly.
Get Started

Ready to get audit-ready?

Get confident, credible financial statements—start with a free consultation.

Book a Free ConsultationSend a Message
📍
Headquarters931 Madison Ave, Mankato, MN 56001
🌐
Service AreaNationwide — Virtual-First Model