We believe that the best way to meet a client's expectation is to develop a dynamic audit approach that addresses audit risks as well as those risks the client feels are most relevant to their business.
By necessity, rendering an audit opinion requires a focus on the past. However, the environment in which a business operates is not the same environment that existed five years ago, or for that matter, last year. Changes in projects, programs and services clients offer affect their operating processes and internal controls. Haddox Reid understands that in response to these changing environments, our audit process cannot be static or constant. Our audits must be fluid and change as clients change, enabling us to develop better and more efficient ways to conduct our audits.
Likewise, Haddox Reid itself faces a changing environment. Over the past few years, several initiatives have resulted in better audit processes that take advantage of technology and our understanding of client expectations. Our engagement teams performing audits are able to help our clients meet the challenges of a changing environment by designing audit procedures that address client risk areas. We believe our approach achieves the objectives of providing an efficient and cost-effective audit while contributing significant value beyond the issuance of an opinion.
In addition to performing traditional audits of financial statements, we also perform the following assurance services: