OUR

 GOAL IS                                                  SMOOTH  

​     SAILING

               DANIEL CULLINANE CPA                                                              Phone:          732-516-1648

                           Certified Public Accountants                                                                                        FAX               732-516-9778

                               328 Amboy Ave, Metuchen NJ   08840                                                              

                                                                                                                                     


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​WE DRIVE TO WIN


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 financial statement audits,


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 certified  audits in the following industries: service, manufacturing, banking, checkcashing, construction, churches, and telecommunications.


Certified Financial Statements - Highest Level of Assurance


AUDIT ENGAGEMENTS

The objective on an  certified financial 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.


REVIEW ENGAGEMENTS

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







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​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

INDUSTRY EXPERIENCE

Manufacturing 
Consulting
Check Cashing
Nonprofit
Service
Telecommunications
Reinsurance
Banking

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AUDIT COMMITTEE

AUDIT RISK 

SCOPE OF GROUP AUDITS

PCAOP & AUDIT COMMITTEE

AUDIT COMMITTEE OVERSITE

AUDITS IN THE FUTURE

NEW PCAOB ENHANCES AUDIT REPORT

PCAOB USE OF SPECIALISTS

AUDIT PLANNING

AUDIT DOCUMENTATION

CULLINANE

​CERTIFIED PUBLIC ACCOUNTANTS

CERTIFIED ​AUDITS COMPILATIONS REVIEWS





COMPILATION

​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