• Specialty Tax Audits
• Certified Audits (Including Closely Held Corporations and Medium Size Companies)
• Industry Labor Unions
• Employee Benefit Plan Audits
• Single Audit “Yellow Book” Audits

Specialty Tax Audits

We'll try to cooperate fully with the IRS, because, as citizens, we feel a strong patriotic duty not to go to jail. ∼Dave Barry

There is no way to guarantee the IRS or another taxing agency will not audit your return. However, if you should find yourself subject to an audit, having the seasoned professional support of our team can make this stressful situation less painful. Graff, Ballauer & Blanski, P.C. tax professionals will explain the process so that you know what to expect, provide knowledgeable support and offer explanations each step of the way.

Certified Audits (Including Closely Held Corporations and Medium Size Companies)

I'm not suggesting there are any errors at all. I'm saying that without a proper audit, there's no way to be sure. ∼ Pete Williams

Our experience and background in providing auditing services is a fundamental basis and building block from which our firm has grown. In the course of carrying out an audit, we generate information and develop insights that will result in improved controls and safeguards leading ultimately to greater efficiencies and clear, concise and understandable financial reporting that is respected by the financial community.

Industry Labor Unions

The American Labor Movement has constantly demonstrated its devotion to the public interest. It is, and has been, good for all America. ∼John F. Kennedy

The Labor union industry has been an instrumental building block from which we have built our practice. For over 40 years, Graff, Ballauer & Blanski, P.C. has provided a full range of specialized, industry specific audit and accounting services to organized labor.

Our audits are designed to ensure that financial statements of the labor organization are accurate and can provide information necessary to assist management in the decision making process. Incorporated with our audits, our objective is to provide assistance to management with valued and insightful information.

In addition, compliance reporting for labor organizations has become increasingly complex with the reformatted LM-2 report. We coordinate audit procedures with the reporting requirements of the LM-2 to make certain your organization is in compliance with all required rules and disclosures. As a Part of our Labor Union practice we also audit several Political Action committees.

Employee Benefit Plan Audits

Employee benefit plan audits include audits of pension, health and welfare, and 401(k) plans subject to the Employee Retirement Income Security Act (ERISA) under the regulatory authority of the U.S. Department of Labor. Generally, federal law requires employee benefit plans with 100 or more participants to have an audit as part of their obligation to file an annual Form 5500. Our firm is a member of the American Institute of Certified Public Accountants Employee Benefit Plan Audit Quality Center. This program requires its members to maintain highest standards in performing employee benefit plan audits and also requires extensive staff continuing education. Our firm is also a member of the International Foundation of Employee Benefit Plans which helps us in keeping current with best practices for auditing employee benefit plans.

Single Audit “Yellow Book” Audits

“Accountability for public resources” drives accounting standards and auditor responsibility for conducting Yellow Book Audits. At Graff, Ballauer & Blanski, P.C., our auditors have the experience and required education to provide quality audits based upon the mandated governmental framework. Our audits are designed to enhance user confidence in reported results of operations and the related internal controls.