COMPANY PROFILE

Founded in 1988, Padilla & Company, LLP has provided auditing, tax planning, management consulting and accounting services to a wide range of clients in the Metropolitan New York.

For over eighteen years our expertise has been performing government audits for New York City and State agencies, and audits of not-for-profit organizations that receive federal funding and require Office of Management and Budget (OMB) Circular A-133 audits. Our not-for-profit clients encompass entities that provide community-based services such as after-school and day care programs, health care and counseling services, employment assistance, social awareness and advocacy groups and professional associations.

We also perform attestation engagements which include the assessment of our clients’ internal control structure in accordance with the standards set by the Committee of Sponsoring Organizations of the Treadway Commission (COSO). We advise our clients on the recent changes in accounting standards such as the Sarbanes-Oaxley Act, Statement on Auditing Standards (SAS) 99 and Public Company Accounting Oversight Board (PCAOB) Standards.

Padilla & Company, LLP adheres to the highest professional standards in the industry. Our audits and attestation engagements are performed in accordance with the American Institute of Certified Public Accountants (AICPA) generally accepted auditing standards, United States General Accounting Office (GAO) government auditing standards (yellow book), New York City and State audit guides and directives of the NYC Comptroller’s Office. We make sure that our staff are well informed of the most recent developments in the field of accounting auditing, taxation and information technology.

In addition to our audit and attestation services, we also provide tax preparation, tax and financial planning, and management consulting services for not-for-profit organizations and small businesses and perform peer reviews for other accounting firms.

These services are provided by our staff of skilled professionals who are committed to helping our clients achieve their objectives. The expertise of our staff is further enhanced by constant in-house training and seminars. These seminars are conducted by the managing partner who performs peer reviews and is a long-time educator who has taught Government and Not-For-Profit Accounting, Audit and Taxation.

To adhere to the highest degree of professionalism, we are members of the American Institute of Certified Public Accountants (AICPA), the New York State Society of Certified Public Accountants (NYSSCPA) and the Association of Government Accountants (AGA). Our staff is required to complete continuing education courses by these entities.

Our computers are connected through a local area network and are internet ready, and our staff is equipped with laptops. We employ only the most up-to-date versions of software such as Windows XP, Microsoft Office, Drake, ATX Total Engagement and Total Accounting Office, QuickBooks Professional and Quicken.

Padilla & Company, LLP is a certified minority business enterprise as determined by the State and City of New York. We are also included in the Pre-Qualified Certified Public Accountant (CPA) listing of the New York State (NYS) Offices of General Services Administration and the NYC Comptroller’s Office.