2015IIA/PICPACaseCompetition
TeamName:​RevolutionaryAuditing
TeamMemberNames:​ZacheryThompsonSeniorPartner

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SamanthaKlineJuniorPartner

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AustinNessAssociate
SchoolName:​
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RobertMorrisUniversity
ZacheryThompson
​
–SeniorPartner
SamanthaKline
​
JuniorPartner
AustinNess
​
–Associate
RevolutionaryAuditing
6001UniversityBoulevard
MoonTownship,PA
ReportOnServicesRUs’sfinancialstatements
IndependentAuditor’sReport
TotheBoardofDirectorsofServicesRUs
We,RevolutionaryAuditing,haveauditedthefinancialstatementsofServicesRUsasof
December31,2014​.TheStatementswerecomprisedofthebalancesheetasofDecember31,
2014,thestatementofcashflow,andtheincomestatementforthe20132014year.The
company’saccountingpoliciesandprocedures,aswellasotherdocumentswerereferenced. 
Management’sResponsibilityfortheFinancialStatements
TheCompany’sBoardofDirectorsareresponsibleforthepreparationofthefinancial
statements,andthattheygiveatruevalueaboutthefinancialposition,performanceandcash
flowsofthecompany.Partoftheseresponsibilitiesinvolveensuringthatthesestatements
complywiththeGenerallyAcceptedAccountingPrinciples,safeguardingtheassets;preventing
anddetectingfraudorirregularities;theselectionandapplicationofappropriateaccounting
policies;design,implement,and/orchangeinternalfinancialcontrols,sothattheywillremain
adequateandcanoperateeffectivelyforensuringtheaccuracyandcompletenessofthe
accountingrecordspertinenttothepreparationofthefinancialstatements.
Auditor’sResponsibility
Ourresponsibilityistoexpressanopiniononthefinancialstatementsbasedonouraudit.We
conductedouraudit,independentlyandinafairmanner,inaccordancewithGenerally
AcceptedAuditingStandardsintheUnitedStatesofAmericaaswellastakingintoaccountthe
internationalstandardsfor12facilitieslocatedinothercountries.Thesestandardsrequirea
planandaperformanceoftheaudittoobtainreasonableassurancethatthefinancial
statementsarefreeofmaterialmisstatements.Theauditincludesexamining,ortesting,
collectingevidence,supportingtheamountsanddisclosuresonthefinancialstatements.The
auditalsoincludesassessingtheaccountingprinciplesusedandestimatesmadeby
management,aswellas,checkingtheoverallfinancialstatementpresentation.Webelievethat
ourauditprovidessufficientevidencetowardsouropinion,anditisourresponsibilitytoconvey
anopiniononthesestatementsbasedonouraudit.
Opinion
Inouropinion,thefinancialstatementsgiveatrueandfairviewofthefinancialpositionoftheof
thefinancialpositionofServicesRUsasof31December2014andtheirfinancialperformance
andcashflowsfortheyearthenendedinaccordancewithFinancialReportingStandards.
ReportonOtherLegalandRegulatoryRequirements
InaccordancewiththeauditingstandardsoftheUnitedStatesofAmerica,Wehavealsoissued
ourreportdated31December2014onourconsiderationofServicesRUs’sinternalcontrol
overfinancialreportingandourtestsofitscompliancewithcertainprovisionsoflaws,
regulations,contracts,andgrantagreementsandothermatters.Thepurposeofthatreportisto
describethescopeofourtestingofinternalcontroloverfinancialreportingandcomplianceand
theresultsofthattesting,andnottoprovideanopiniononinternalcontroloverfinancial
reportingoroncompliance.Thatreportisanintegralpartofanauditperformedinaccordance
theauditingstandardsoftheUnitedStatesofAmericainconsideringServicesRUs’sinternal
controloverfinancialreportingandcompliance.
OtherMatters
ThisreportismadesolelyfortheBoardofDirectorsofServicesRUs,asabody,inaccordance
withtheauditingstandardsoftheUnitedStatesofAmericaandfornootherpurpose.Wedonot
assumeresponsibilitytoanyotherpersonforthecontentofthisreport.
Organization
Throughacquisitions,mergers,andsalesgrowth,ServicesRUs,amidsizedprivately
heldcompany,continuestoevolveandexpand.ServicesRUsisthelargestproviderofsupport
systemsinNorthAmerica,sellingtoover100manufacturingsitesdomestically,andcontinuing
togrowinternationally,currentlysellingto12sites.Thecompanyhas200employeesthatwork
atcorporateheadquartersintheNortheastoftheUnitedStatesworkingtoprovideanarrayof
directsupportservicesonacontractbasistocompaniesinvolvedinheavymanufacturing
operations.Mostoftheirservicesinvolvetheuseofcompanyprovidedheavyequipmentsuch
asloadersaswellascompanyprovidedgroundsupportlabor.
CurrentControls
Acompany’sframework,orstructureatwhichacompanyoperates,isessentialinthe
organizationandcompletionofeverydaytasks.Establishingasystemofinternalcontrolsisvital
tothesuccessofthecompanyasitprovidesadailycontrolonactivitiescarriedoutbythe
company,aswellasameansofdoingso.Internalcontrolsofacompanycanbeassessed
againsttheestablishedcommoninternalcontrolmodelcreatedbytheCommitteeofSponsoring
OrganizationsoftheTreadwayCommission,alsoknownasCOSO.COSOisajointinitiativeof
fiveprivatesectororganizationsdedicatedtoprovidingleadershipguidancetomanagementon
aspectsoforganizationalgovernance,businessethics,internalcontrol,riskmanagement,fraud,
andfinancialreporting.Theirestablishedmodelofinternalcontrolhascomponentsofa