Audit and Assurance Services
A strong financial foundation builds trust. LBMC’s Audit and Assurance team delivers independent, objective insight that helps organizations maintain transparency, strengthen compliance, and inspire confidence among stakeholders. At LBMC, we go beyond just meeting requirements; we offer clarity, context, and actionable analysis to empower businesses to make informed decisions and operate with integrity.
How We Help
LBMC provides comprehensive audit and assurance services designed to support financial accuracy, compliance, and operational integrity. Our teams combine technical expertise with a collaborative, consultative approach to help organizations achieve their goals.
Our key value areas include:
- Enhancing financial reporting accuracy through meticulous audits and data-driven insights.
- Ensuring regulatory compliance across complex and evolving frameworks.
- Improving internal controls to strengthen governance and safeguard assets.
- Reducing risk exposure with proactive analysis and recommendations.
- Enhancing operational integrity by aligning people, processes, and technology.
Understanding the Difference Between Audit and Assurance
An audit checks financial statements for accuracy and compliance. On the other hand, assurance encompasses a broader range of services that assess processes, controls, and data reliability. Together, these audit and assurance solutions help organizations improve performance, reduce risk, and build stakeholder confidence.
Questions About Our Audit and Assurance Services?
Whether you’re preparing for an audit, strengthening internal controls, or ensuring compliance, our team will help you find the right strategy for your organization.
LBMC’s Audit and Assurance Services
Financial Statement Audit
LBMC provides audit services for a variety of companies that prepare financial statements in compliance with U.S. GAAP or statutory accounting principles, serving clients’ regulatory needs, while leveraging technology and expertise to streamline processes. The audit approach is tailored to each client, with meticulous planning, collaboration, and a commitment to responsiveness, resulting in an exceptional client experience.
Employee Benefit Plan Audit
Ensure compliance with all relevant regulations and provide confidence to plan sponsors and participants. Our experienced auditors deliver efficient, transparent processes that help protect both your organization and your employees.
Internal Audit
Gain an independent, objective view of your internal governance and control environment. We help you identify gaps, manage risk, and improve operational performance through tailored internal audit programs.
Lease Accounting
Navigate the complexities of new lease accounting standards with clarity. LBMC’s specialists help design and implement policies, processes, and reporting tools that ensure compliance and strengthen financial reporting accuracy.
Sarbanes-Oxley (SOX) Compliance
Since the inception of SOX in 2004, LBMC has guided public and private companies through compliance with Section 404 and the COSO Framework. Our professionals deliver scalable SOX compliance solutions that align with your risk profile and business objectives.
SOC Audit
Build trust and demonstrate your commitment to security, privacy, and reliability. Our SOC audit team helps you meet client, vendor, and investor expectations while identifying opportunities to strengthen internal controls.
Solutions Built Around Your Goals
Whether you’re navigating new regulations, preparing for an audit, or seeking to strengthen financial reporting, LBMC delivers practical guidance and audit and assurance solutions designed to help you move forward with confidence.
Industries We Serve
Our Audit and Assurance team partners with organizations across industries to provide independent, objective insight that supports compliance, strengthens governance, and enhances financial integrity. Whether you’re preparing for an audit, improving internal controls, or seeking greater transparency in your reporting, we deliver the expertise and flexibility to support your next move — combining industry-specific knowledge with a practical, results-driven approach.
All Industries We Serve
Local Expertise, Wherever You Are
With offices in Chattanooga, Memphis, Louisville, Nashville, Knoxville and Charlotte, plus remote offices, LBMC partners with businesses across the region and beyond.
Why Choose LBMC as Your Audit and Assurance Firm?
At LBMC, audit and assurance services are more than a checklist — they’re a partnership for better business. Our nationally recognized experts bring technical depth, industry insight, and a collaborative mindset to every engagement.
LBMC’s approach is built on:
- Preparation & Planning: Detailed timelines and clear communication ensure expectations are met.
- Collaboration: We act as an extension of your team, providing audit and assurance solutions tailored to your goals.
- Responsiveness: We deliver timely, accurate insights that help you make confident decisions.
LBMC serves a wide range of clients, from privately held companies and private equity groups to healthcare organizations and high-net-worth individuals. No matter your size or industry, you’ll receive personalized attention and a commitment to excellence that drives results.
Tech-Driven Audits for Strategic Growth
Our auditors leverage sophisticated software to identify meaningful insights hidden in your business’s financial data, before translating these into strategic recommendations that help you move your business forward.
Qualities you can expect from our team:
- Professional services delivered in a personalized manner
- Vigilant, detail-oriented accuracy and leading industry expertise
- Well-planned and coordinated delivery
- Proficiency in the use of artificial intelligence (we use MindBridge Ai)
- Efficiencies using technology including IDEA® Data Analysis Software, Smartsheet™, Sharefile™ and CaseWare
We also have extensive experience in mergers and acquisitions — working hand-in-hand with management, buyers, sellers and third-party advisors to ensure you are informed at every step of the process. Our support begins with the acquisition and carries over into sell-side due diligence. This approach helps us to keep deal-related matters at the forefront of your audit each year.
In all of our work, we take a forward-thinking approach designed to keep you prepared and minimize surprises. Above all, we value long-term client relationships that allow us to truly know and understand each other — because like we said, it’s about more than just the numbers.
Frequently Asked Questions About Audit and Assurance Services
What are audit and assurance services, and how can they help my company?
Audit and assurance services provide independent, objective evaluations of your organization’s financial information, internal controls, and operational processes. An audit focuses on verifying the accuracy and fairness of financial statements, while assurance encompasses a broader range of services that assess the reliability of data and systems. Together, these services help companies strengthen compliance, enhance transparency, identify risks, and build confidence among investors, regulators, and stakeholders.
Why choose LBMC as my audit and assurance firm?
LBMC combines technical expertise, advanced technology, and industry-specific experience to deliver accurate, efficient, and insightful audit and assurance solutions. Our team takes a collaborative approach — working as an extension of your organization to provide clear communication, proactive guidance, and meaningful recommendations that go beyond the numbers. With offices across the Southeast and a reputation for excellence, LBMC offers the resources of a national firm with the personalized attention of a trusted local advisor.
What types of audit and assurance solutions does LBMC offer?
LBMC provides a full range of audit and assurance services, including:
- Financial Statement Audit Services
- Employee Benefit Plan Audit Services
- Internal Audit Services
- Lease Accounting Services
- Sarbanes-Oxley (SOX) Compliance Services
- System and Organization Control (SOC) Audits
We also support clients with fraud prevention and detection, data-driven audit technologies, and guidance on emerging accounting standards.
What industries benefit most from audit and assurance services?
Audit and assurance services add value to organizations in nearly every industry, particularly those subject to complex regulations or investor oversight. LBMC’s team serves clients across:
- Government
- Healthcare
- Manufacturing and Distribution
- Private Equity
- Real Estate and Construction
Our professionals bring deep industry knowledge to every engagement, helping clients meet compliance requirements while improving efficiency and decision-making.
How can I get started with LBMC’s audit and assurance team?
Getting started is simple. You can request a consultation directly through our website or contact the LBMC office nearest you to discuss your organization’s goals and challenges. Our team will connect you with the right professionals to create a customized audit and assurance plan designed around your needs — ensuring clarity, compliance, and confidence at every step.
Expert Insights
Financial Statement Audit
- Prepare for an Audit of Financial Statements
- Three Tips to Make Standard Cost Accounting More Effective
- Inventory Fraud: What Manufacturer’s Should Know
- Merging Employee Benefit Plans in M&As
- Insurance Financial Statement Audit Services
- Provider Relief Fund: ARP Reporting and Audits
- Financial Accounting Standards Board Update July 2019
Employee Benefit Plan Audit
- Top Ways to Keep 401(k) Plans in Compliance
- Employee Benefit Plan Changes Taking Effect in 2025
- Preparing for Your First Employee Benefit Plan Audit
- Changes Coming to ERISA Employee Benefit Plan Audits – What Plan Sponsors Need to Know
- Limited Scope Audits of Employee Benefit Plans
- 3 Steps to Fulfill Retirement Plan Responsibilities
- Webinar: Retirement Plan Financial Statements
- Cybersecurity and Employee Benefit Plans
- Are you meeting your company’s fiduciary duty regarding 401(k) plans?
Internal Audit
Lease Accounting Services
Sarbanes-Oxley (SOX) Compliance Services
SOC Audit
General Audit Resources
- Client Story: Building a Legacy of Trust
- Clarifying the Single Audit Threshold Changes for 2024
- Navigating Florida Nursing Home Reporting Requirements
- From Greed to Guard: The History of Financial Fraud
- New LBMC Shareholders Garmer and Hale
- LBMC Names Five New Shareholders
- Spotlight on fraud in the manufacturing industry
- Revenue Recognition for Not-for-Profit Organizations Under ASU No. 2014-09
- How the revenue recognition standard impacts healthcare entities?
- Improving Production Line Efficiencies
- Revenue Recognition: Private Company Implementation
- Revenue Recognition Standards 101
- Improving Audit Quality with Data Analytics
LBMC Audit
Meaghan Reynolds
Shareholder, Audit
Contact Us
Headquarters (Nashville, TN):
201 Franklin Road
Brentwood, TN 37027
615-377-4600
Office Hours: 8am-5pm, Monday-Friday
Mailing Address:
P.O. Box 1869
Brentwood, TN 37024-1869
Chattanooga, TN:
605 Chestnut Street, Suite 1100
Chattanooga, TN 37450
423-468-5042
Knoxville, TN:
2095 Lakeside Centre Way
Knoxville, TN 37922
865-691-9000
Memphis, TN:
5100 Poplar Avenue, Suite 1400
Memphis, TN 38137-1499
901-685-1040
Louisville, KY:
325 West Main Street, Suite 1600
Louisville, KY 40202
502-585-1600
Charlotte, NC:
3700 Arco Corporate Drive, Suite 175
Charlotte, NC 28273
704-846-6750
We’re happy to answer any questions you may have on what our team can do for you. Please send us a note using the form and one of our professionals will get back to you promptly.