​The objective of a audit compilation engagement is to compile unaudited financial information into financial statements, schedules or reports based on information supplied by the client.

A audit compilation engagement is appropriate only where the client and other users do not need financial information that conforms in all aspects to generally accepted accounting principles and audit or review assurance is not required., and where the client understands that the statements may not be appropriate for general purpose use.

​A audit compilation may be applicable where financial statements are prepared for the exclusive use of the company's management or for income tax purposes. The degree of assurance is less than a audit review

​Daniel Cullinane CPA                                   p 848-250-9587                                                                                                                                     


Check Cashing

​We know a quality audit plus insight equals value. A quality financial audit provides valuable financial  perspectives for your organization, helping to spot trends. It can highlight anomalies, focusing on areas of higher risk, enabling deep relevant insight into your organization's financial condition and performance. Cullinane is laser focused on delivering high quality audits. Our extensive experience implementing Sarbanes Oxley has given us extensive experience in identifying and evaluating internal controls. This offers us the potential for a more robust understanding of an organization and its financial performance control environment and operational concerns


275  7TH Ave  7th floor New York , NY 10001                                                                                                      

​                                                                                                                                                                                                     Chelsea / Lower Manhattan​​

Stockholders, creditors, banks and private investors often need assurance that the financial statements accurately represent the true financial position of a company hence the need for audited financial statements.

Mr Cullinane has significant audit experience having performed  certIfIed audits for Coopers & Lybrand, Amper and his own company. His audits have included several Johnson& Johnson subsidiaries, Bell Labs and many smaller companies for Amper, now Esiner & Amper, & his own CPA company. . We have proformed audits in the following industries: service, manufacturing, banking, checkcashing, construction, churches, nonprofits  and telecommunications.

Certified Financial Statements - Highest Level of Assurance


The objective on an  certified audit engagement is to enable independent professional cpa's to express an opinion. The work includes a review of internal controls, testing of selected transaction and communication with third parties. 

The report states that the financial statements present fairly, in all material respects, an entity's financial position, results of operation,and cash flows in conformity with generally accepted accounting standards. This conclusion may be expressed only when the auditor has formed such an opinion on the basis of a certified audit performed in accordance with generally accepted auditing standards.


The degree of assurance with a audit review is less than a certified audit but greater than a compilation

The objective of a review engagement is to prepare and review financial statements to  ascertain whether they are plausible, that is, worthy of belief. If after reviewing the financial statements the accountants are satisfied that the financial statements are not misleading, the cpa standard report will preface the financial statements

Where an certified audit is not required or the shareholders have waived the appointment of an auditor, financial statements may be prepared on a review basis. Audit reviews provide limited assurance that the financial information conforms to generally accepted accounting principles.

This degree of assurance is less than that resulting from an audit