Employee: Ivan Nate
Position: Senior Accountant
Years with firm: 2
Q: What is the difference between a review and an audit?
A: The difference between a review and an audit is the level of services that is provided to a client. In an audit, an opinion is provided by an independent expert that the financial statements are presented fairly. An audit requires reliable and sufficient evidence regarding the information provided in the financial statements. Evidence includes confirmation of balances, internal controls, reviewing supporting documentation, etc. In a review, a report is issued by an independent expert to express that financial statements are free of material misstatements. The procedures of a review are generally limited to inquiries of management and analytical procedures to obtain a management representation of the completeness of information provided.
Q: You are active in the firm’s recruiting efforts. What do you want students/ potential employees to know about the firm?
A: As an active recruiter, I really enjoy telling students and potential employees about the experience they can get at our firm. I think it is really important to tell them about our firm’s ‘big firm experience with a small firm approach’. The firm really does value the three c’s: colleagues, clients, and communities. We not only value our clients and the work that we do but also the community that we are a part of. One thing that students/ potential employees are always concerned about is not knowing anything when they get out of school or transition into working in a firm. It is really important to let students/ potential employees know that there is always someone in the firm to help whether it’s an accounting question or an admin question. We really value long-term relationships with not only our work but always with the people in our firm, and we want everyone to learn and succeed.
Q: What summer plans do you have?
A: I plan on enjoying the outdoors more this summer. I am not a winter type of person and don’t really enjoy the cold so I am eager to enjoy the outdoors and soak up as much sun as I can get! My typical summer activities are roller blading, going on walks, hiking, and going on road trips. I also enjoy yoga in the park during the summer, especially when the sun is beaming. I’m looking forward to spending time with family and friends more this summer compared to last summer.