AUDIT SERVICES

Certified Audit:

This is known as an opinion audit. This is the highest level of assurance that a Certified Public Accountant can provide. Certified audits are conducted in accordance with generally accepted auditing standards. Those standards require that we plan and perform the audit to obtain reasonable assurance as to the assurance of material misstatement in the financial statements. An audit includes examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements. An audit also includes assessing the accounting principles used and significant estimates made by management. A certified audit is required by banks with more then $500 million in assets as well as all state chartered thrifts. Regardless of the size of your institution, having the assurance of a clear and accurate depiction of your institution's performance shows your dedication to the shareholders.

Agreed upon Procedures

Smaller banks are encouraged by their regulators to have annual audits performed but are not required. Instead, many smaller banks engage CPA firms to perform these agreed upon procedures. These are procedures that are agreed upon by institution management and Board and the scope can vary depending upon the level of assurance required.

Dixon, Davis, Bagent & Company sets itself apart from it's competitors by assuring you that a partner in our firm will be in charge of delivering your assurance services. We have staked our claim on Midwest Financial Institutions by constantly reviewing ourselves through peer audits, regulator approval, and most importantly customer feedback. Our firm currently provides audits to financial institutions ranging from $14 million to over $300 million. We feel our dedication to the financial institutions industry would only assist you and your institution in its strategic goals.