No matter what the purpose is—banking, bonding, grant application/compliance, etc.—the financial statements that you share with users are a vital means of communicating the economic health and stability of your organization. They provide an opportunity to tell the financial story of your business and need to be prepared timely, accurately, and completely. Financial statements are an invaluable tool that can be used to educate your leadership, stakeholders, and outside parties. However, if they are not accurate or complete, they can lead to poor decision making (internally and externally) and misdirected organizational strategy.
Every three years, CPA firms are required by the American Institute of CPAs to have their quality control and engagements peer reviewed by an independent third-party firm. Santora CPA Group’s audit and accounting department makes quality its first concern on all engagements and received the highest grade possible on its last peer review. What does this mean to you? As a leader of your organization or a reader of its financial statements, seeing the Santora CPA Group signature on the opinion that accompanies those statements is your assurance that they are accurate, complete, and tell the true story.
The best way to learn how we can help you and your organization is to talk with us. Call Lori Stoughton at 302-737-6200 or email her at firstname.lastname@example.org to set up an initial consultation.
Many organizations quickly learn that getting a grant from the Federal, State or Local Government was actually the easy part and that the real effort now comes in complying with all of the rules and regulations around that funding.
The Unified Guidance (previously the Single Audit Act), as created by the Federal Government, establishes specific compliance requirements that must be adhered to for all entities that receive/spend federal dollars, either directly or as a sub-recipient. In addition, the guidance not only establishes specific rules but also requires that an organization create internal controls around these requirements to ensure that information provided, services performed, actions taken, and dollars expended are done so in compliance with the regulations.
If your organization needs an experienced CPA firm to audit your grant programs or a consulting firm that has an in-depth understanding of grant compliance and internal controls, Santora CPA Group has an expert, dedicated single audit and consulting team that will be able to help you navigate all related compliance issues.
The best way to learn how we can help you be in full compliance is to talk with us. Call Lori Stoughton at 302-737-6200 or email her at email@example.com to find out how we can help you and your organization.
Certainly you COULD do your own bookkeeping, but it’s really a question of where you add the most value to your business. Entering invoices and bills, managing bank reconciliations, and maintaining your general ledger are time-consuming and an administrative burden – your time is better spent managing and growing your business. Santora CPA Group can take this administrative task off of your plate.
We have a dedicated team of QuickBooks-certified experts, led by a CPA with extensive CFO experience. They can help with your everyday accounting functions and, more importantly, take your accounting and financial reporting to the next level—helping you improve your business’ overall financial health, spot opportunities for increased profitability, and better manage your cash flow.
Wouldn’t it be great to really use a budget, run your inventory at proper levels, and make sure you are getting paid in a timely manner? With bookkeeping services such as monthly operating statements, bank reconciliations, general ledger, balance sheets, financial graphs, and budgets, we can help you do just that.
What’s more, you’ll probably sleep better at night knowing that your cash flow is all mapped out for tomorrow and for the rest of the year. And there’s nothing more valuable than a good night’s rest.
Call Susan Trolio at 302-737-6200 or email her at firstname.lastname@example.org if you would like more information about how we can help.
A little-known secret many CPA firms keep to themselves is that sometimes an audit or review is not what you need.
Having an audit or review of your organization’s financial statements is inherently costly, no matter the size or number of transactions, and it may not focus efforts on the issues that are a concern to you. For instance, if you are worried about the appropriateness of your organization’s cash disbursements, specific, agreed-to procedures can be implemented and testing performed to provide assurance that disbursements are appropriate and in accordance with established policies. Whereas an audit or review will require that you pay for the time and effort of planning, documentation, testing, and reporting on areas with which you have no concern.
To find out more about agreed-upon procedure engagements and if this type of service could fit your organization’s needs, call John D’Agostino at 302-737-6200 or email him at email@example.com.
When it comes to compliance with ERISA rules, it can’t be overstated just how seriously the U.S. Department of Labor (DOL) is about their enforcement. Being out of compliance can put your company at risk for substantial penalties. Having an annual employee benefit plan (EBP) audit is the smartest, most efficient way to get the peace of mind that comes from knowing that your plan is being managed and administered properly.
Santora CPA Group understands the implications of the ever-evolving ERISA and IRS requirements on the audit process. We go beyond the traditional audit of assets and liabilities to test plan compliance with eligibility, contribution, vesting, forfeiture, and distribution provisions. Our EBP audit team provides clients with a comprehensive understanding of today’s evolving financial, management, and compliance issues.
EBP audits are one of the most scrutinized and painstaking audits that we perform. In a recent study by the DOL, it was found that a majority of these audits were considered substandard. Not at Santora! In order to assure that our audits will stand up to any review, we make a substantial investment in training our dedicated EBP audit team on an annual basis to stay on top of new regulations and emerging EBP options. And, we help our clients take full advantage of new laws while ensuring compliance with all reporting requirements.
Based on this training and our considerable EBP audit experience, we know the value that we can provide by keeping your management team informed of changes in the law and best practices—and help you avoid any issues before they arise.
If you would like more information about how we can help your company with an EBP audit, call Israel Mercado at 302-737-6200 or email him at firstname.lastname@example.org.
220 Continental Drive, Suite 112
Newark, DE 19713
Phone: (302) 737-6200
Toll-Free: (800) 347-0116
Fax: (302) 737-3362
Office Hours: Mon-Fri 8am – 5pm
Santora CPA Group 2017. All rights reserved. Santora CPA Group is a Delaware certified public accounting and consulting firm offering a range of professional services to businesses, nonprofits, and individuals. These services include Tax Preparation and Planning; Accounting and Auditing; Bookkeeping and Payroll; HR Consulting and Employee Training; Litigation Support; Forensic Accounting; Business Consulting and Valuations; Fraud Prevention and Detection; and Delaware Administrative Trustee Services. Santora CPA Group is an equal opportunity employer.