Audit and Review Services

Winther, Stave & Co., LLP provides all levels of financial statement assurance services to assist our clients in assessing financial performance, obtaining credit and making vital business decisions.  We provide these services to clients in a variety of industries including the following: manufacturing, retail, trucking, service, agricultural businesses, construction contractors, health care, financial institutions, low income housing, local governments (county, city, utility, special purpose entities), nonprofit organizations, employee benefit plans.



An audit is the highest level of assurance services we offer.  The objective of an audit is to express an opinion about whether the financial statements are fairly presented in conformity with the applicable financial reporting framework used by our client.  Our responsibility is to plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement, whether caused by error or fraud. In addition to audits of financial statements, we provide single audits in accordance with OMB Circular A-133 and 401(k) audits which satisfy ERISA requirements.


The objective of a review is to express limited assurance that there are no material modifications that should be made to the financial statements in order for the statements to be in conformity with the applicable financial reporting framework. Our responsibility is to accumulate review evidence to obtain a limited level of assurance.


A compilation engagement involves presenting information, consisting of management’s representations, in the form of financial statements, without expressing assurance on them. Our responsibilities do not include requirements to make inquiries or perform other procedures to corroborate or review the information supplied by management.

Agreed-Upon Procedures

An agreed-upon procedures engagement is performed when engaged by a client to perform specific procedures and report findings. Our responsibility is to complete the procedures and report our findings, not perform an examination or provide an opinion.

Directors’ Examinations for Banks

A directors’ examination is a specific type of agreed-upon procedures engagement performed when engaged by a bank to perform specific procedures and report findings to satisfy regulatory requirements.