Services
Audit & Assurance Services for Texas Businesses, Nonprofits, and Organizations
Independent financial statement audits, reviews, and compilations — conducted by licensed CPAs and delivered with the credibility your lenders, investors, and stakeholders require. Serving the Dallas–Fort Worth area from offices in Hurst, Keller, Grapevine, and Addison.
* Audits are performed by P&I CPA PC
Related Articles
Insights
- All Posts
- Audit & Assurance
Nobody enjoys opening a letter from the IRS. But for most Texas business owners, the dread that comes with those...
What is an Audit? Audits are a standard procedure across all companies and are widely recognized. They are usually managed...
Audits of digital asset firms are now entering a more mature and complex stage. What started as a niche service...
Ways We Can Help
Our Services
At Parr & Ibarra CPA, our audit and assurance team is composed of licensed Certified Public Accountants regulated by the Texas State Board of Public Accountancy and credentialed through NACVA — the National Association of Certified Valuators and Analysts. We conduct audits, reviews, and compilations for businesses, nonprofits, homeowners associations, and other organizations across the Dallas–Fort Worth area, including clients in Keller, Hurst, Grapevine, Addison, Southlake, Colleyville, Irving, and throughout the DFW corridor.
Financial Reporting & Verified Statements
- Full Financial Audits (Reasonable Assurance): Our highest level of service. We conduct an in-depth examination of your records, internal controls, and third-party confirmations to provide a formal opinion on your financial health. Explore our financial statement audit services →
- Review Engagements (Limited Assurance): A cost-effective middle ground. We use inquiries and analytical procedures to provide limited assurance that no material modifications are needed to your statements.
Explore our review engagements services → - Compilation Engagements (No Assurance): Ideal for internal use or simple reporting, we assist management in organizing and presenting financial data in a professional format without providing a formal opinion.
Explore our compilation engagements services →
Specialized & Industry Audits
- Governmental Audits (GAGAS / Yellow Book): Specialized auditing for organizations that receive government funding, ensuring compliance with rigorous “Yellow Book” standards.
Explore our governmental audit services → - Employee Benefit Plan (EBP) Audits: Expert audits for 401(k) and other benefit plans to ensure your organization remains in compliance with Department of Labor and IRS regulations.
- Special Purpose Financial Audits: Audits focused on specific financial frameworks, such as cash-basis or tax-basis statements, rather than standard GAAP.
Strategy, Compliance & Investigations
- Compliance Audits: We verify that your organization is adhering to specific laws, contractual obligations, or grant requirements.
Explore our compliance audit services → - Internal Audit & Operational Reviews: We evaluate your internal controls and processes to identify inefficiencies and strengthen your risk management.
- Forensic Audits & Fraud Investigations: Professional investigative services designed to detect, deter, or quantify financial irregularities and fraud.
- Agreed-Upon Procedures (AUPs): You define the scope; we perform the specific tests and report the findings. This is a flexible tool for verifying specific data points without a full audit.
- Forecast & Projection Reviews: Planning for the future? We examine your prospective financial information to ensure it is presented logically and according to industry standards.
Why DFW Organizations Choose Parr & Ibarra for Audit and Assurance Work
The credibility of an audit or review depends entirely on the credibility of the CPA firm conducting it. A lender, investor, or oversight body accepting your financial statements is implicitly accepting the judgment and independence of the firm behind them. Here is what distinguishes our team.
Licensed and Regulated Texas CPAs
Every audit and review engagement at Parr & Ibarra is conducted by or under the direct supervision of licensed Certified Public Accountants credentialed by the Texas State Board of Public Accountancy (TSBPA). CPA licensure requires completion of 150 semester hours of college education, successful completion of the Uniform CPA Examination — a rigorous four-part professional examination — and fulfillment of ongoing continuing professional education requirements. When a Parr & Ibarra CPA signs an audit report, that signature carries the legal and professional weight of a licensed credential.
NACVA Credentials — Beyond Standard CPA Practice
Our team holds credentials through NACVA — the National Association of Certified Valuators and Analysts — reflecting expertise that extends beyond routine audit work into business valuation, financial forensics, and litigation support. For organizations where the audit engagement intersects with a business sale, estate transfer, shareholder dispute, or financing transaction requiring a certified valuation, this credential is directly relevant. Most local CPA firms in the DFW area do not hold it.
Risk-Based Audit Methodology
We conduct audits using a risk-based approach aligned with Generally Accepted Auditing Standards (GAAS) as promulgated by the AICPA. This means we direct our testing and scrutiny toward the areas of your financial statements that carry the highest risk of material misstatement — whether due to the complexity of the transactions involved, the strength or weakness of relevant internal controls, or the nature of your industry. This approach produces a more efficient engagement and a more meaningful result than a uniform, checklist-driven audit.
Direct Access to the Team Performing the Work
At Parr & Ibarra, the licensed CPAs who sign your audit report are the same professionals you speak with throughout the engagement. We do not hand off work to unlicensed staff for execution and then have a partner sign at the end. You have direct access to the qualified professionals responsible for your engagement at every stage — from planning through fieldwork through report delivery.
Experience Across the Industries and Organization Types We Serve
Our audit and assurance team has conducted engagements across a range of industries and organization types relevant to the DFW market, including:
- Professional services firms — medical and dental practices, law firms, consulting organizations
- Construction and real estate — contractors, developers, property management companies
- Nonprofit organizations — public charities, private foundations, faith-based organizations, social service agencies
- Homeowners associations — community associations with audit requirements in their governing documents or CC&Rs
- Manufacturing and distribution — Texas-based manufacturers with inventory, cost accounting, and lender reporting needs
- Retail and hospitality — multi-location operators requiring reliable financial statements for financing and franchisor reporting
Industry experience matters in assurance work. A CPA who understands the typical revenue recognition patterns, expense structures, and risk areas of your industry conducts a more relevant and efficient audit than one who is learning your business from scratch.
Frequently Asked Questions
Knowledge Center
Does my business need an audit, review, or compilation?
Not every business requires a full financial statement audit. Depending on your lender requirements, investor expectations, industry regulations, or organization type, a review or compilation may be sufficient. Our CPA team works with businesses throughout Hurst, Grapevine, Keller, Addison, and the greater Dallas-Fort Worth area to determine the right level of assurance while meeting stakeholder requirements and controlling costs.
How much does a financial statement audit cost for a small business in the DFW area?
Audit costs vary based on your organization’s size, industry, reporting requirements, and financial complexity. Factors such as inventory, multiple locations, grant funding, or investor reporting can affect pricing. We provide audit and assurance services to businesses across Dallas-Fort Worth, including Hurst, Grapevine, Keller, and Addison, with transparent pricing and a clear understanding of the audit process.
What do banks, investors, and lenders look for in an audited financial statement?
Lenders and investors often require audited financial statements to verify the accuracy and reliability of a company’s financial reporting. An independent audit can improve credibility, strengthen financing opportunities, and provide confidence to stakeholders. Our audit professionals help organizations throughout North Texas prepare financial statements that meet lender, investor, and regulatory expectations.
Can a local CPA firm handle nonprofit audits and compliance requirements?
Yes. Many nonprofits, associations, and grant-funded organizations require independent audits to satisfy board, donor, grantor, or regulatory requirements. Our audit and assurance team serves nonprofits throughout Dallas-Fort Worth and the surrounding communities, helping organizations maintain compliance while demonstrating financial transparency and accountability.
Why choose a local DFW CPA firm for audit and assurance services?
Working with a local CPA firm provides direct access to experienced professionals who understand the North Texas business environment. Rather than being passed between departments, you’ll work closely with a dedicated audit team that provides responsive communication and personalized service. With offices in Hurst, Grapevine, Keller, and Addison, we serve businesses and nonprofits throughout the DFW Metroplex while delivering the attention and expertise organizations expect from a trusted CPA firm.
When should a growing business consider getting an audit?
Many businesses pursue an audit when seeking financing, attracting investors, preparing for a sale, meeting contractual obligations, or strengthening internal controls. An independent audit can provide valuable insights into your financial operations while increasing confidence among lenders, investors, and stakeholders. We help growing businesses throughout Dallas, Fort Worth, Hurst, Grapevine, Keller, and Addison navigate the audit process efficiently and effectively.
Contact Us
Looking to talk? Let's get started.
Take a few minutes to provide us with some information about your current situation. We are eager to help.
Made up your mind and looking to get things moving? Submit an RFP.
