Audit & Assurance

An independent look at your financials builds trust with lenders, investors, board members, and regulatory agencies. At ADC, we approach every engagement with efficiency and professionalism, using experienced staff and current technology to minimize disruption to your team.

Whether you need a full audit, a review, or an agreed-upon procedures engagement, we tailor the scope to match your requirements. Our goal is to give you a clear, defensible picture of your financial position so you can move forward with confidence.

How We Can Help

Assurance Services

Assisting with an assessment of financial statements and compliance while offering advisory on required adjustments.

Assurance engagements give stakeholders confidence that your financial reporting is materially accurate. We review your statements, test key assertions, and provide clear feedback on anything that needs correction. If your bank, investors, or board require assurance-level reporting, this is where we start.

Compiled, Reviewed & Audited Financial Statements

Guiding you with several options of intensity, dependent upon what demands need to be met with your financial statements.

Not every situation calls for a full audit. A compilation may be enough for internal use, while a review provides limited assurance for lending relationships. A full audit offers the highest level of confidence and is typically required for government contracts, certain loan covenants, and regulatory compliance. We help you choose the right level and execute it efficiently.

Agreed-Upon Procedures

Supporting you with extremely specific procedures, with each agreement tailored to what areas you want to examine.

Sometimes you do not need a full audit. You need answers to specific questions: Is this department billing correctly? Are royalty payments being calculated right? Are contract terms being followed? We design and perform targeted procedures based on exactly what you need to know, and we report our findings directly.

Government Compliance Audits

Aiding the complexities of government compliance standards by providing guidance on the standards and requirements of an adequate accounting system for government contracting.

Government contractors face unique audit requirements, including DCAA compliance, incurred cost submissions, and adequate accounting system evaluations. We have deep experience helping contractors prepare for and pass these audits. If you are new to government work or expanding your contract portfolio, we can help you build the systems and documentation you need before the auditor arrives.

Internal Control Evaluation

Servicing clients with the benefit of building internal controls for identifying, preventing, and discouraging fraud within their company.

Strong internal controls protect your business from fraud, errors, and inefficiency. We evaluate your current processes, identify gaps, and recommend practical improvements. Whether you are responding to an audit finding or proactively strengthening your operations, we design controls that fit your size and complexity without creating unnecessary bureaucracy.

Not-For-Profit

Assisting hands-on with the exclusive accounting nuances and challenges present when running a not-for-profit organization or foundation.

Nonprofits have their own set of accounting standards, reporting requirements, and compliance obligations. From fund accounting to Form 990 preparation to donor restriction tracking, we understand the rules that apply to your organization. If you receive federal funding, we also handle single audit requirements under Uniform Guidance.

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Hear From Our Clients

Customers Happy With Our Audit & Assurance Services

I have been working with Ambrosi Donahue Congdon & Co. P.C. for over 33 years. When we first began our long-term business relationship we were a newly established business just starting out in our successful journey. They have been key members of our team on many levels working with us on; internal controls, financial statement preparation, tax planning, deficiency-free IRS, Sales & Use Tax, and Payroll Tax audits.

In addition, their team has been instrumental in guiding us through start-up of new corporations located in multi states, sale of corporations, partner buyout due to retirement, and corporate real estate purchases. I am confident that whatever issue we encounter, the professional staff at Ambrosi Donahue Congdon & Co. can guide us through it. They are knowledgeable, engaging and proactive. A well-rounded accounting firm who has been a true partner instrumental in the growth and success of our company.

Newburyport, MA