A lender has asked for audited accounts
Send the wording from the lending agreement or request. We establish what the bank expects, which periods are covered and when the report is due.
Audit services in New York City.
A lender wants audited statements. Your board needs an independent report. A filing deadline is coming up. Tell us what has been requested and when it is due. Our Mercer Street team will help you establish the scope, documents and next steps.
New York office24 Mercer St, 2nd Floor, Suite 214
New York, NY 10013
New York, NY 10013
Hours9am–10pm
Call before visiting
Call before visiting
What brought you here?
The report needs to answer the right request. A bank, charity regulator, investor and licensing partner may each need something different.
Your New York nonprofit has a reporting obligation
Bring the filing instructions and funding agreements. A charity filing, a grant condition and a federal funding requirement may call for different work.
Your company is preparing a public filing
The intended filing affects the standards, periods and audit work involved. Start the conversation while you are planning the timetable.
A contract or royalty statement needs checking
New York agencies, brands and rights owners may need specific reported figures checked against an agreement. That calls for a different scope from auditing a full set of financial statements.
Find the service your organization needs.
Start with the report you have been asked to provide. We work with private companies, nonprofits, property organizations and regulated firms, with different engagements for different reporting needs.
Financial statement audits
Independent audits for annual reporting, borrowing, investment or a planned sale. We establish the reporting period and the requirements of the people relying on your statements.
Explore this service ↗Nonprofit audits
Financial reporting for charities, foundations and community organizations. We discuss the board, grant and filing requirements before agreeing the engagement.
Explore this service ↗Real estate & HUD audits
Audit work for property-owning entities and HUD-related engagements. Bring the ownership structure, reporting request and property accounts so we can establish the scope.
Explore this service ↗Co-op & condo audits
Independent financial reporting for boards and their managing agents. We review the engagement needed for your building and the records held by management.
Explore this service ↗PCAOB audits
Audit engagements for companies with public-market reporting needs. Discuss your filing plans, reporting periods and deadline with the team before work begins.
Explore this service ↗Broker-dealer audits
Audit services for broker-dealers with specialist financial reporting requirements. We discuss your business model, relevant reports and filing timetable.
Explore this service ↗Single Audits
Engagements connected to federal award expenditure and related compliance requirements. Send the award terms and audit request so we can identify the applicable scope.
Explore this service ↗Construction audits
Financial statement audits for contractors facing lender, owner or surety requests. Job schedules and contract accounting are part of the initial discussion.
Explore this service ↗Need a review, compilation or agreed-upon procedures? Compare the options below. Yellow Book audits · Cryptocurrency audits · Agreed-upon procedures. For other specialist work, see all audit services.
A New York office.
A dedicated audit team.
Speak with a firm that handles audit and assurance engagements across a range of organizations. We use the first conversation to understand your reporting needs and the state of your records.
500+
Audits completed firm-wide
Experience across private business, nonprofit and specialist audit work. The scope is still built around your organization and the report it needs.
12
Senior staff across the firm
Discuss technical accounting questions and practical document requirements with an experienced audit team.
50
States served
A New York headquarters does not mean all your operations are here. We can discuss engagements involving entities and records across state lines.
Figures describe the firm as a whole. Meet the Dimov Audit team ↗
Different organizations.
Specific reasons to get audited.
The useful details are in your business, building or funding agreement. Here are three examples of how an audit request can arise for a New York organization.
A refinancing. A board meeting. A report due.
For a Manhattan property company or a Brooklyn co-op, the starting point is the actual request. We clarify the entities, reporting period and required level of assurance before asking your managing agent for records.
Real estate audits ↗
A funder needs more than your annual return.
A grant application or board request can call for separate financial reporting. We discuss the organization’s funding, reporting obligations and deadline, then establish whether an audit, review or other engagement fits.
Nonprofit audit services ↗
The next round of funding needs better evidence.
A Brooklyn business expanding into Manhattan may be asked for audited statements by a lender or investor. We look at the accounting systems, entities and periods involved so the request becomes a workable plan.
Financial statement audits ↗What clients say about the work.
Feedback from clients featured on Dimov Audit’s website, across the firm’s audit practice.
“Their team was thorough, professional, and let us stay focused on our mission.”
Featured on Dimov Audit’s homepage
“The team impressed us with their professionalism, attention to detail, and thorough approach.”
Featured on the financial statement audit page
Audit, review or compilation?
These reports are not interchangeable. Check what your lender, board or other recipient will accept before paying for an engagement.
Financial statement audit
An independent auditor tests evidence and issues an opinion on the financial statements. An audit provides reasonable assurance, rather than a guarantee that every error will be found.
Start here when: the request specifically calls for audited financial statements.
Financial statement audits ↗Financial statement review
A review relies principally on inquiries and analytical procedures. It provides less assurance than an audit and does not include an audit opinion.
Start here when: the recipient confirms that reviewed statements meet the requirement.
Ask about a review ↗Compilation
A compilation presents financial information in financial statement form. It does not provide assurance on the information or replace a required audit.
Start here when: you need compiled statements and the recipient accepts that level of service.
Compiled statements ↗Only certain figures need checking? An agreed-upon procedures engagement reports findings from specific procedures agreed for the engagement. Send us the request so we can discuss whether it fits.
Know what happens next.
We discuss timing once we understand the work and the records available. A first-year audit or a complex entity structure can need more preparation.
Agree the engagement
Confirm the reporting requirement, accounting framework, entities, periods and intended recipients. Discuss fees and timing before work starts.
Prepare the records
Identify the schedules and supporting documents needed, who will supply them and any gaps that could affect progress.
Complete the audit work
The team carries out the planned procedures and follows up on questions. Your finance team provides explanations and supporting evidence.
Finalize the report
Resolve outstanding matters and complete the required reviews before issuing the report. We discuss relevant findings with management.
Bring the request.
We’ll help you work out the next steps.
What to send us for an audit quote.
You do not need every document ready to make an inquiry. These details give us a useful starting point.
- The reason for the reportThe lender’s email, agreement, board request or filing instructions.
- The reporting period and deadlineWhich year or years need covering, and when the report is needed.
- Your organization and recordsEntity structure, recent financial statements, accounting system and any previous auditor’s report.
From Mercer Street to all five boroughs.
Our office is in SoHo, close to Tribeca and Lower Manhattan. We work with organizations throughout the city and discuss remote coordination wherever your finance team is based.
Manhattan
SoHo, Tribeca, the Financial District, Midtown and organizations across the borough.
Brooklyn & Queens
Businesses, property organizations, nonprofits and professional practices throughout both boroughs.
The wider New York area
The Bronx, Staten Island, Long Island and Westchester, plus organizations with operations outside New York.
Working across several locations? Tell us where your entities, accounting records and key finance staff are based when we discuss your engagement.
Your New York audit office.
Get directions ↗24 Mercer St · 2nd Floor, Suite 214 · New York, NY 10013Office details & hours ↓
Find Dimov Audit
on Mercer Street.
Dimov Audit24 Mercer St, 2nd Floor, Suite 214
New York, NY 10013
United States
Contact us before visiting so we can confirm a time, who you need to speak with and the arrangements for your meeting.
Hours: 9am–10pmCall to confirm availability for your preferred day.
Tell us what you need audited.
Start with your organization, the report you have been asked for and the date it is due. We will help you work out the right engagement.