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Assurance Services

Audits, reviews and compilations provide assurance that your business and financials are sound. Audits, reviews and compliations give you STRENGTH IN NUMBERS.

Financial Statement Assurance

DLC CPA's motto is STRENGTH IN NUMBERS.  DLC CPAs provides assurance for organizations for a number of reasons. An organization often needs an audit, review or compilation for the following reasons:

  • Required by their regulatory body
    • Insurance companies required by their domiciled state
    • Financial institutions required by their state and federal agency
    • Franchisors required by the FTC
    • Publically traded companies
  • Construction companies due to bonding and lending requirements
  • Franchisees required by their franchisor agreement
  • Skilled Nursing Facilities and Assisted Living Facilities required by Medicare
  • Not-for-Profits typically require an audit typically because the bylaws dictate or they receive federal grants
  • Other companies generally need an audit or review due to debt covenant requirements
  • US subsidiaries of a foreign entity require an audit once they reach revenue threshholds


Our audit, review and compilation reports help your business partners evaluate your business and help owners and business partners make critical decisions. DLC CPAs has conducted assurance services for both public and private U.S. companies, U.S. subsidiaries of foreign owned companies, and a wide variety of not-for-profit organizations, construction companies, restaurants, IT organizations, governmental agencies and employee benefit plans. Our strength in international reporting standards, as well as GAAP is undeniable.

Assurance Services

  • Audits, reviews and compilations of financial statements

  • Integrated audits of publicly traded companies

  • Audits of Franchisor and Franchisee organizations

  • International Financial Reporting Standards reporting

  • Sarbanes-Oxley Section 404 compliance - Internal controls

  • Internal audits

  • Initial public offerings and SEC filings

  • Other regulatory filings and government reports

  • Due diligence/special investigations

  • Attesting to reliability of nonfinancial information

  • Employee benefit plan audits

Integrated Audits and Financial Statement Audits

An audit provides the highest level of assurance on a company's financial statements. An integrated audit opines on the financial statements and must express an opinion on the effectiveness of the organization's internal control over financial reporting (ICOFR).

Review

A review provides limited assurance that no material changes are needed to the financial statements. A review is typically required for organizations under a certain revenue threshhold or required by a financial institution due to debt covenant requirements.  A review report would be issued with the financial statements.

Compilation

A compilation provides no assurance. Basically, DLC CPAs inputs the client's balances and presents the balances in a set of GAAP financial statements. A compilation report would be issued with the financial statements.

Quality and Effectiveness

DLC CPAs adheres to the highest standards of technical accuracy, proficiency and ethical practice in the profession. We submit to external peer reviews every three years. In our most recent peer review, we received an "Unqualified Opinion without Comments" — the highest rating attainable. DLC CPAs uses proprietary software to perform a completely paperless audit which results in an audit conducted in the most effective manner.

To receive a copy of DLC CPAs peer review report, please email anthony.deluca@dlc-cpa.com

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