For over 50 years, DiSanto, Priest & Co.’s approach to client service and the delivery of assurance services in particular, is to approach each engagement from three different points of view: the technical, practical, and business approaches.
Based on each client’s individual needs, our dedicated team of accounting and assurance professionals can support the various levels of assurance that are needed, as follows:
- Audit – Our highest level of assurance that yields an opinion on all financial statements and required disclosures
- Reviews – Provides limited assurance that no material modifications need to be made to financial statements
- Compilations – Presents, in the form of financial statements, information that is the representation of management
Audits
On each and every assurance engagement we first begin with aligning our planned procedures with the client’s financial and operational risks. Our audit methodology and approach, in particular, is designed to align with the client’s business functions but go beyond just the financial. Businesses need auditors and advisors who understand their industry, their long-term strategy and any risks that need to be assessed and managed. Businesses need advisors who can apply this knowledge into all phases of the audit process.
Reviews
A review can be a cost-effective way to meet the requirements of third parties (such as lenders). By conducting a review, DiSanto, Priest & Co. can provide limited assurance about a client’s financial statements. To do so, we utilize a variety of analytic tools, both specific and detailed inquiries, as well as other procedures.
Compilations
A compilation involves assembling data from your records and presenting it in an appropriate financial statement format. For some businesses, this statement is sufficient enough to meet management needs, as well as the needs of certain third parties.