Our firm provides audit and accounting services with the efficiency, effectiveness and technical talent of the national firms.  As middle market companies (generally $10 million to $300 million in revenues) are frustrated with higher fees and the lack of service there is an exodus from national accounting firms to firms such as Fesnak and Associates.  The national accounting firms and even some regional firms appear to be more focused on public company services including Sarbanes-Oxley consulting rather than traditional audit services to the middle market.  Fesnak and Associates was conceived to address this void in the marketplace and continues to grow as evidenced by a significant number of new clients, many of which had formerly been with national accounting firms.  Approximately 50% of our client base represents former national firm clients.   We continue to expand our audit practice by attracting national firm talent to Fesnak and Associates eager to provide comprehensive service offerings to clients.  Bringing these skills together with our consulting services, we are able to provide the exceptional client service you expect from your accounting firm.   The senior members of your engagement team have a broad range of industry and functional experience, such as controllers and CFO’s, covering all aspects of accounting and financial reporting for companies.   Fesnak considers professional and technical skills and immediate responses to client needs and requirements to be key elements of our client service standards.  We perform our professional auditing services on a team basis under the direction of the audit services partner.  The members of the team we would assign to an engagement are all professionals possessing broad business and audit experience. Our audit approach is based on providing high-quality, cost-effective service to our clients. Our approach is flexible, risk-based and focuses on key areas as determined by the judgment of the service team. The key points to our audit approach are summarized below:   · Meet with management prior to fieldwork to discuss concerns, changes and developments in the company’s accounting policies, as well as the audit timetable and deliverables. · Identify issues and areas that are subject to judgment early in the audit so they can be addressed in a timely manner.  Some core issues could include new or proposed accounting pronouncements. · Customize audit procedures based on risk factors. · Perform fieldwork – both prior to and after year end.  · Discuss with management the use of their personnel during the audit process. · Develop appropriate audit procedures. · Keep management apprised as to the status of the audit through periodic meetings and open lines of communication. · Upon issuance of the financial statements, prepare a management letter, if necessary. · Meet with management and the company’s audit committee and/or board of directors to discuss the results of the audit and the management letter. Our understanding of the company’s business from a financial and operational standpoint is reflected in our audit approach. This understanding allows us to generate meaningful management comments pertaining to the design and implementation of sound accounting policies and procedures and operating efficiency and effectiveness.