Accounting & Auditing

At Barfield, Murphy, Shank & Smith, we perform well over 100 audits each year and, collectively, our audit shareholders have over 100 years of audit experience.

The more training and experience an auditor has, the more familiar an auditor will be with practices and operations as well as auditing standards. BMSS devotes significant resources to train and educate staff with respect to professional audit standards. We are focused on audit services and committed to meeting the industry standards of corporate governance, quality control and industry best practices.

BMSS is a member of the AICPA Audit Quality Center which involves voluntarily adhering to requirements including additional training, quality control, and internal inspection. As a member of the AICPA Peer Review Program, we meet our industry standards of quality control and peer review. We are registered with the Public Company Accounting Oversight Board (PCAOB) and qualified to audit publicly traded companies.

At BMSS, we utilize a five-step approach to provide proactive, efficient and effective accounting and auditing services:

  • planning
  • on-going communication with you, your staff or committee
  • close coordination with your staff
  • state-of-the-art audit techniques and quality control
  • timely, appropriate management letters

At BMSS, our techniques differ from our competitors in that we place significance on utilizing state-of-the-art technology including paperless and automated workflows, a high-speed fiber network in our office, and a secure client portal to access 24/7 to retrieve and upload documents at no additional cost.

We can maximize your investment by working closely with your staff. This eliminates duplication of effort and creates a more efficient approach to auditing.  We can evaluate internal controls and make recommendations to improve operations.

As your partner, we know that turnaround time is critical. Your BMSS team will move quickly and efficiently.

Our accounting and auditing professionals are prepared to help you with:

  • Financial statement audit
  • Financial statement compilation & review (What is the difference?)
  • ALDOT overhead audit
  • Agreed-upon audit procedures
  • Bookkeeping
  • Employee benefit plan audits
  • Federal Acquisition Regulation (FAR) 
  • IFRS
  • Internal controls
  • QuickBooks consulting
  • SSAE 16 (formerly SAS 70)
  • SEC Transactions

View BMSS Peer Review Report

Client Testimonials

“From an accounting firm, I expect three things: Independence from management, Value, & Timeliness. I believe that BMSS is a strong group of auditors who provide a good value for the money. I rely on their judgment as a check and balance on my companies. I’ve worked with them since 1999.”
- Financial services CFO

“We have been a very satisfied client of Barfield, Murphy, Shank & Smith since 2000. We have found the staff to be very knowledgeable and professional in all aspects of their accounting services. Our audited financial statements are prepared on a very timely basis along with various other tax reports/returns completed during the year. More importantly, as we have learned, is the character and integrity of BMSS who earned the trust and respect of our senior management.”
- Manufacturing company CFO

I have worked closely with many people at Barfield, Murphy, Shank & Smith and have been very impressed with the quality of service and personnel within the firm. I can attest that the audit approach utilized by the firm is very thorough and complete. I have been impressed with the firm’s process and dedication to perfection and client service and I highly recommend any of the numerous services provided by BMSS.”
- Financial services controller

BMSS Accounting & Auditing Professionals