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Audit/ Attest Services

Attest Services

Audit/ Attest Services

Altman, Rogers & Co. is the largest locally-owned CPA firm in Alaska. Our auditors provide audit and assurance services to  not-for-profit organizations, for-profit entities, school districts, housing authorities, and local governmental agencies. Our professional accountants follow the latest standards and regulations in order to maintain the highest levels of quality and independent audit and assurance principles for doing business in Alaska. Not only do our clients benefit from our long time experience, but also our technical knowledge, attention to detail, and our excellent reputation of providing auditing and financial services.

Conducting a successful and accurate audit requires more than just having our auditors show up once a year. At Altman, Rogers & Co., we maintain an ongoing relationship with our clients, gathering information and learning about changes at the entity. This results in a more comprehensive and efficient audit with fewer surprises. It also enables us to go beyond conducting an audit.

We can evaluate your processes and look for opportunities to improve your financial management. We accomplish this with limited disruption. By putting in the extra effort without extra fees, we produce timely and accurate results while allowing clients to remain focused on running their businesses.

We offer federal and State of Alaska single audit services in accordance with OMB Uniform Guidance. We also provide assistance with clients who require ACFRs (Annual Comprehensive Financial Reports). We also have helped clients with receiving their Certificate of Achievement for Excellence in Financial Reporting.

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Current Hot Topic

GASB 87, Leases

GASB Statement No. 87 for Leases is designed to improve government lease accounting and financial reporting.

  • GASB Statement 87, Leases was issued in June 2017.
  • The effective date is for fiscal years beginning after June 15, 2021 and all reporting periods thereafter.
  • This change will affect government entities including cities, boroughs, and school districts.

For More Information:


From the State of Alaska State Single Audit Guide Published May 2020: State Single Audit Threshold: Unless additional audit requirements are imposed by state or federal law, a recipient of state financial assistance that expends a cumulative total equal to or greater than $750,000 during the entity’s fiscal year is required to submit an annual single audit. Audit emphasis must focus on the most important areas. Because it is impractical to audit all programs of every entity and keep the single audit emphasis on materiality and efficiency, auditors are required to evaluate administration of “major programs”. Major Program Thresholds: Auditor’s will evaluate each grant award to see if the expenditures of state assistance for that award meet the threshold amount that would distinguish it as a major state program. Expenditure levels used to determine major program thresholds for state financial assistance during an entity’s fiscal year are: If the Total Adjusted Expenditures for All State Financial Assistance is: The Major Program threshold is: Less than $1 million $ 75,000 $ 1 to $ 5 million $150,000 $ 5 to $20 million $200,000 Greater than $20 million $500,000 If no single grant award meets the major program threshold, then awards totaling a minimum of 50% of the total adjusted expenditures will be selected by the auditor and audited as major programs

The largest difference between the three types of reports is the level of assurance offered. In an audit, an opinion is given that the financial statements are free from material misstatements. In a review, the opinion states that the practitioner is not aware of any material modifications that need to be made to the accompanying financial statements. With a compilation, the practitioner gives no assurance and simply presents the financial statements based on the representations of management. Audits also involve reviews of internal controls, and based on the level of effort, require more hours and a higher fee.

Financial Review and Compilation Services

We provide financial statement services. Our professionals are skilled in providing review and compilation services to our clients. These usually include small and privately held enterprises that need financial statements prepared for bonding purposes or to provide to their bankers.

These services provide lower levels of assurance than a full audit, but are also less costly.   We provide preparation of financial statements in accordance with generally accepted accounting principles. We believe in making financial statements simple and easily understood by clients, financial analysts, and laymen alike.

Employee Benefit Plan Audits

There are a myriad of complicated rules and regulations involved with almost every Employee Benefit Plan audits. Fortunately, you don’t need to familiarize yourself with them because that’s the job of our highly skilled experts. We welcome the opportunity to help you meet your employee benefit plan needs and offer the following services in order to do so.

Our firm is a proud member of the American Institute of Certified Public Accountants (AICPA) Audits of Employee Benefit Plan Quality Center.

  • We can perform full and limited scope employee benefit plan audits as required by the Department of Labor (DOL).
  • Our company incorporates a high tech paperless workflow.
  • Our audit process also ensures manager and partner level involvement on all employee benefits plan audit engagements.
  • Our audit staff is well educated on the latest benefit plan information, including the latest DOL and Internal Revenue Service (IRS) rules and regulations.
  • We will pass the latest information on to our audit clients at every opportunity.

Contact us about Attest and Financial Statement Services in Alaska

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