
With today’s fluctuating and expanding business world come many risks that affect the well-being of your company. We will work to understand these risks and the impact they have on your individual business to produce meaningful improvements and enhance your overall performance.
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Overview
Financial Statements Audit
HUD Audits
Internal Control Reviews
Asset Based Lending
Performance
Measurement
Forcasts, Budgets And Projections
Risk Assessments
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Overview
Our Audit and Assurance practice helps clients make sense of the risks that affect the well-being of their company. In today’s fluctuating business world, it’s crucial to follow industry trends and understand how your financial performance is affected by the issues that increase risk to your business. By understanding every nuance of each client’s business, we can help improve efficiency and performance.
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Financial Statements Audit
Financial measures are critical to every business that intends to make a profit. By focusing on a balanced set of both financial and non-financial measures, Dante Odoni will provide performance measurements for managers and directors by using tailored audit approach and procedures, which will be helpful in predicting future results and assist in decision making.
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Defining strategies and facilitating the process
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Assist with development of performance measures
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Assist with development of a system to capture reports and monitor
performance measures
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Identify resources for benchmarking
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HUD Audits
The U.S. Department of Housing and Urban Development (HUD) sponsors a broad range of programs designed to revitalize urban neighborhoods, stimulate housing construction, encourage home ownership opportunities, and provide decent, safe, and affordable housing. The programs are primarily directed toward low and moderate income families. They are carried out through various forms of federal financial assistance, including entitlements, grants, direct loans and advances, subsidies, and mortgage insurance. Depending on the particular program, recipients of the federal aid may be units of local government, such as states, cities, or counties; public housing authorities that develop, own, or operate housing projects; other profit motivated or nonprofit builders, developers, or owners of housing projects; mortgage lenders; or individuals. Examples of HUD program categories are Community Development Block Grants and single, multifamily, public, and Indian housing programs.
Dante Odoni uses tailored audit approaches and procedures related to participants in this program. We follow the GAAP that apply specifically to nonprofit organizations, and the AICPA and HUD guidelines in fulfilling our engagements.
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Internal Control Reviews
The Sarbanes-Oxley Act is the single most important piece of legislation affecting corporate governance, financial disclosure and the practice of public accounting since the United States securities laws of the early 1930s, passed during one of the most perilous times in our nation’s history, the Great Depression. It is clear that public companies and the accounting profession have made tremendous progress in meeting the rigorous requirements of this legislation. Therefore, the internal control review function is important for strategic sourcing, risk management, fraud prevention and quality assessment strategies.
We will oversee our client’s internal audit needs. Our professionals are equipped with specific knowledge and experience that keeps us abreast of developments and the intricacies of internal controls compliance. Dante Odoni will review the efficiency and effectiveness of operations, reliability of financial reporting, and the compliance with applicable laws and regulations.
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Asset Based Lending
As a commercial and asset based lender, you share the responsibility for the quality of your institution’s loan portfolio. Available to our clients are experienced field auditors ready to evaluate and monitor the volatile nature of your borrower’s loan collateral. They will examine both formula and non-formula based credit facilities of single and/or multi-site borrowers.
Our objective is to provide you, the commercial lender, with focused insight into the integrity of the loan collateral, internal controls and reporting, company management and overall operating performance. We will identify and highlight areas of collateral weakness, deterioration and/or abuse of loan collateral, the adequacy of advance rates, frequency of future audits and provide appropriate recommendations.
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Performance Measurement
We tailor our audit approach to your business. Working with you, we evaluate risks and challenges in order to assess their significance to your business and how they will affect your financial statements. Dante Odoni will analyze the key processes you have in place to manage these risks and the procedures used to record transactions. We will also identify and investigate audit differences, evaluate our findings, develop our audit opinions, and document and report our findings.
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Forcasts, Budgets And Projections
Developing a budget or forecast is often a complex, time-consuming task. Recent economic events and accounting reporting issues, such as Sarbanes-Oxley, have resulted in greater scrutiny of accounting reports, including budgets and forecasts.
Dante Odoni will prepare accurate and meaningful budgets and forecasts as well as control the budget workflow process for your company. We understand the expectations of our clients, owners and investors. By combining traditional budgeting and forecasting concepts with a thorough knowledge of your industry and sophisticated tools and techniques, we are able to meet the more demanding standards of today’s marketplace to make your budget process work for you.
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Risk Assessments
Businesses and creditors are concerned with a wide range of risks that can arise either within the company itself or externally. Risks include: Management or employee fraud or defalcation, personal injury claims, product liability lawsuits, natural disaster or business failures of key suppliers.
Dante Odoni spends great time in considering internal control activities and corporate policies. This approach allows us to use expanded analytical procedures and to reduce reliance on traditional substantive procedures in achieving our quantitative and qualitative judgments.
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