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:
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).
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.
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 firstname.lastname@example.org