Financial Statement
Assurance Services
We view every engagement as an opportunity to add value. Make every second spent on improving performance worth it. An accounting partner that enables you to reap the rewards of your efforts is key to a great organization.
Assurance Services Tailored to Your Needs
Our assurance services provide an independent and objective financial statement assessment to help create value and mitigate risk. Whether it be for internal review and decision-making or for external stakeholders and governmental requirements, we can assist in navigating the complexities of GAAP and financial reporting. We also provide defined scope or agreed-upon procedure engagements to test a specific segment in the business or organization, as well as internal control evaluations to ensure the right policies and procedures are in place and being followed.
Seamless & Unified
We provide experienced personnel and utilize audit managers extensively during the audit to ensure a timely and effective engagement. In fact, our policy of using managers and partners to lead our engagement teams is a major factor in our client’s satisfaction with our financial statement audits.
Our Tech – Efficient and Secure Auditing Technology
Our audits are performed using paperless auditing technology, including cloud-based auditing software. To the extent possible, we work with clients to obtain information with a minimum of document printing and copying.
Utilizing a secure platform – Suralink, which functions as an interactive PBC (prepared by client) list. Suralink will help both the auditor and client track the status of requested audit documents. The audit team can work onsite or remotely.
Audit Services
A financial statement audit from Sassetti includes many of the procedures completed during a review, but greatly increases the level of work performed to test the existence, completeness, and valuation of recorded financial statement balances. Our experts will work closely with your team throughout the financial statement analysis.
During the audit engagement, we will:
1
Document significant processes and evaluate/test the internal controls over such processes.
2
Evaluate the performance of procedures to test for fraud and identify controls that can mitigate fraud risks.
3
Complete substantive testing to verify correct tracking of assets, liabilities, revenues and expenses, among other procedures and inquiries.
As part of our risk analysis and understanding of the design and implementation of internal controls, we are committed to providing insightful, specific comments or recommendations with respect to your internal control structure. These will generally be included in our required communications to management. We will share best practices that we see at similar clients in order to improve controls. Our comment letters also include information on the latest news in accounting standards and government regulations in order to keep our clients ahead of future changes.
Review Services
A review can be a cost-effective way to meet the requirements of third parties (such as lenders). By conducting a review, Sassetti can provide limited assurance about a client’s financial statements.
To do so, we utilize a variety of diagnostic tools, including analytic procedures, inquiries and general analyses of any items which may appear unusual and require explanation.
Compilation Services
A compilation involves assembling data from your records and presenting it in an appropriate financial statement format. For some businesses, this statement is sufficient to meet management needs, as well as the needs of certain third parties.
Global Resources
Our membership in the BDO Alliance gives us the resources we need to serve clients across the globe. Even if you have operations outside the US, we can provide access to independent BDO accounting firms in each of your international locations. We will coordinate the audits with BDO, to make sure you get the service you need here in the US and abroad.
Meet The Experts
Our team members have spent a lot of time problem-solving for a variety of industries. Their expertise is unmatched and they are driven and excited about new challenges.
Featured Insights
Small business 401(k) plans – Meet the IL retirement mandate
Many states have begun implementing state laws that require every employer that has been in business for a certain period...
Pay Transparency – Is Your Organization Ready?
In the past, most discussions about compensation were largely confined to the specific instances of either a job offer or...
Mergers and Acquisitions – Exit Planning
By Jim Robbs I’m Jim Robbs and I am one of the partners here at Sassetti LLC. I spent about...
We Are Here To Help
We perform our duties best when we get to know your business and can tailor our services to your specific situation.
