Auditing

AUDITING

Providing auditing solutions for not-for-profit and for-profit organizations.

Schlenner Wenner & Co. has an extensive background in auditing services across various industries. Learn more about team members and their specialties below.

BENEFIT PLAN

For more information on benefit plans, please contact Molly Thompson or Brian Skluzacek.
Contact Molly Thompson Contact Brian Skluzacek
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 return/report (Form 5500 Series). If an employee benefit plan is required to have an audit, one of the most important duties of the plan administrator is to hire an independent auditor for the plan. A quality audit helps ensure the financial integrity and protects plan assets. A quality audit also will help a plan administrator carry out its legal responsibility to file a complete and accurate annual return/report for the plan each year.

Schlenner Wenner & Co. is a member of the AICPA Employee Benefit Audit Quality Control Center, which provides Schlenner Wenner & Co. with additional resources and training to better facilitate and assist clients during and after the employee benefit plan audit.

BUSINESS AUDIT

For more information on business audits, please contact Brian Skluzacek.
Contact Brian Skulzacek
Business entities can have from one to many owners conducting business in various types of ownership structures. They are taxable entities providing services and products in many different industries. Some of the industries we provide auditing services for are Manufacturing, Construction, Real Estate, Transportation, Wholesalers and Retailers.

Businesses may need audited financial statements for many of the following reasons:
  • Bank required due to debt financing obligations
  • Bonding requirement
  • To satisfy a contract or agreement
  • To satisfy local, county, state or federal requirements
  • Ownership is not involved with the day to day management of the company

CITIES, SCHOOLS, AND OTHER GOVERNMENTS

For more information on cities, schools and other governments, please contact Molly Thompson, Jon Archer, or Ryan Schmidt.
Contact Molly Thompson Contact Jon Archer Contact Ryan Schmidt
Government entities such as Cities and Schools are subject to constant changes in legislation and accounting standards. Schlenner Wenner & Co. works with a wide variety of government entities, helping them stay abreast of these changes, so they can focus on what really matters: serving the public in a financially responsible and transparent manner. 

Schlenner Wenner & Co. offers various services to government entities, including auditing, agreed upon procedures, consulting, report preparation, and other services. Our industry team, down to the newest staff member, is dedicated entirely to providing services to governmental entities, as well as servicing various non-profit organizations. 

DUE DILIGENCE

For more information on due diligence, please contact Molly Thompson.
Contact Molly Thompson
If a business acquisition is to have a reasonable chance of being successful, it must fit the business strategy of the acquiring company. The acquisition must be well planned, the acquisition candidate thoroughly investigated, and if acquired, appropriately incorporated into the private equity sponsor’s portfolio or our client’s business operations. Schlenner Wenner & Co. can assist with a successful match through the use of due diligence services.

GAMBLING

For more information on gambling, please contact Jon Archer or Shelley Gaetz.
Contact Jon Archer Contact Shelley Gaetz
The services we provide for Lawful Gambling Activities are monthly report preparation, annual audits, preparation of forms 990 and 990T for the gambling activities, and consultations concerning the activities. 

NOT-FOR-PROFIT

For more information on not-for-profit audits, please contact Molly Thompson or Jon Archer.
Contact Molly Thompson Contact Jon Archer
A not-for-profit corporation is a corporation formed to carry out a charitable, educational, religious, literary or scientific purpose. A nonprofit corporation doesn't pay federal or state income taxes on profits it makes from activities in which it engages to carry out its objectives. This is because the IRS and state tax agencies believe that the benefits the public derives from these organizations' activities entitle them to a special tax-exempt status.

Not-for-Profit Corporations need audited financial statements for many of the same reasons as do business enterprises. Schlenner Wenner & Co. can assist you with all your corporation needs.

FIRE RELIEF ASSOCIATIONS

For more information on school districts, please contact Molly Thompson.
Contact Molly Thompson
Schlenner Wenner & Co. conducts financial audits and attestations of fire relief associations in MN. The State of MN requires that fire relief associations (and many other local government units) have an independent CPA perform a financial audits and attestations.

Our professional staff that performs these audits has a high level of expertise in auditing rules and in accounting rules. Our Firm has a high degree of responsibility to make sure the audits and attestations are conducted properly. Our Firm takes pride in the teams we have that perform these services.
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