All Partners are Certified Public Accountants. A Partner is a person you are proud to introduce as such. The responsibilities of individual Partners vary from servicing clients to internal Firm administration. Some Partners specialize in audit and/or tax research and review, and all participate in practice development. Others have technical and industry specializations. Audit and Tax departments operating within the Firm are administered by a specific Partner-in-charge.
The level of senior manager is attained only when an individual has demonstrated his or her ability to successfully function and assume all responsibilities required at the manager level. A senior manager is on the progressive path of becoming a Partner in the Firm and can be viewed as a prospective Partner-in-training. At this level, they are given the opportunity to further develop the skills they have already demonstrated and to acquire the additional talents and attributes to become an effective Partner.
To be a manager in Dannible & McKee, LLP, the individual must be a Certified Public Accountant. The manager, together with and under direct supervision of the Partner, has responsibility for all facets of the engagement from initial planning through to the examination wrap-up and issuance of the report. The manager makes the necessary arrangements for conducting the examination with the client. They also must plan the assignment in advance as to the scope, staff budget, distribution of work between interim and year-end, and other similar matters.
The fieldwork is primarily the responsibility of the senior who, as the Firm’s representative, will have the greatest association with both the client’s representatives and the other staff members. He or she is responsible for larger, more complex engagements and may oversee two (2) or more engagements simultaneously. He or she has demonstrated an ability to assume full responsibility for directing engagements and special assignments. He or she directs staff; reviews programs and sees that assignments are accomplished within the budgeted time; reviews work papers for accuracy and completeness; and reviews the financial statements for suitability of presentation and adequacy of disclosures.
A beginning or light staff accountant must have as a minimum a four- (4) year (B.S.) degree in accounting. He or she may have work experience in public or private accounting and some experience in auditing or preparing tax returns. Such a person knows the basic accounting concepts involved, but may not know the exact procedures to be followed. Staff accountants execute audit assignments under close supervision in such areas of cash, receivables, inventory, fixed assets, payroll and expense analysis.
The medium staff accountant, in addition to being proficient with the skills required of a light staff, performs most examinations with minimum supervision. He or she may direct several light staff accountants, instruct them in work to be performed, review the work done and direct necessary revisions. He or she is able to make decisions on all but the most unusual accounting and auditing matters. When such problems arise, he or she outlines them for the senior, manager, senior manager, or Partner and then acts on his or her advice.
Heavy staff accountants perform all of the above functions depending on the type and complexity of the engagement. He or she can run one (1) or two (2) jobs simultaneously and assists the senior, manager, senior manager, or Partner in wrapping up an engagement. The heavy staff performs some of the functions of a senior in his or her training for the senior position.