Condon O’Meara McGinty & Donnelly LLP works to become fully familiar with a client’s organizational structure using a variety of research tools as well as data obtained through focused personal discussions. From this knowledge base comes a strategy including the suggested timing of the engagement and ways to control fees. We use audit and accounting software specifically tailored to aid in an accurate and cost-efficient review and evaluation of a client’s accounting systems and procedures. The Engagement Team develops an overall view of the entire operation, allowing us to make detailed practical suggestions regarding financial and operating controls.
A key aspect of the firm’s audit services is an internal controls review. Our evaluation of internal controls is designed to identify the areas of greatest risk, where controls may be weak or missing altogether. We develop our plan to address these areas and reduce time spent in other non-critical areas. We utilize analytical procedures to determine whether business trends are in line, not only with internal expectations, but with comparable organizations as well. Issues can thus be addressed before they become costly problems. We believe strongly in the importance of structured systems and work with our clients in developing, implementing and integrating working systems.
Our Management Letter contains specific recommendations and suggestions regarding internal controls and other matters to increase the effectiveness of the client organization. We continue our communication throughout the year to correct identified potential weaknesses, maximize opportunities and assist with any internal challenges to implementation. We believe this proactive advice to be a critical example of the high level of client service the firm provides.