Kathy Burke Barry, CPA
Tax Principal
Auditing and Accounting
Dermody, Burke & Brown (DB&B) provides Audit, Reviews and Compilation services to a wide range of clients and industries. We bring more to these engagements than just accurate, timely and attentive service – our professionals take time to provide valuable suggestions and recommendations throughout the year. DB&B uses a risk-based approach in performing attestation engagements, which leverages our knowledge of each client to determine the level of work to be performed in each significant area.
Risk-based audits are a continuous process of gathering, updating, and analyzing information about the fairness of presentation of amounts and disclosures in financial statements. Therefore, the audit process is an iterative, nonlinear process, whereby the required procedures may be performed concurrently with other procedures. Risks are evaluated continuously throughout the audit. Simply put, we identify areas with higher risk, tailor our audit programs to address that risk and focus our audit procedures on those areas. This approach results in more efficient engagements.
Our Approach:
DB&B has taken a number of steps to ensure the continued strength of our accounting and audit organization and to develop innovative approaches:
Educational Programs
Our educational programs are designed to provide appropriate education and training for all personnel, from partners to newly hired staff. Firm-wide coordination of these efforts ensures that all personnel attain the diversity of training hours to meet both American Institute of Certified Public Accountants (AICPA) and state requirements. The staff involved in both governmental and not-for-profit audits receive specialized training in accounting and auditing as required by Governmental Auditing Standards.
Independent Technical Review
DB&B has pioneered a program in which each engagement is subject to an independent technical review prior to the issuance of any report. The Firm devised this “internal control” approach to ensure compliance with professional standards, firm quality controls, and other technical requirements specific to each engagement.
