CLIENT SERVICE IN REAL TIME – START OF A LONG-TERM, VALUE-ADDED RELATIONSHIP
Thank you for your interest in BDG-CPAs’ Real Time service, a welcomed, highly cost-effective add-on to your company’s accounting team and an aid for your external, independent accountants. The year-round, fixed fee service is built on the three pillars of service that BDG-CPAs was founded upon at inception in 1982:
Accordingly, from this long-established culture created, elite technical CPA Professional talent, and decades of successful long-term client relationships with prominent clients, BDG-CPAs is proven to be uniquely qualified to provide these services.
Our approach brings these services to you in real time during the year rather than mostly just before and after year end. The service would entail an initial internal control review and set-up of account structure for a most efficient and effective tax and GAAP financial information flow. Your staff would then simply send us periodic, typically quarterly, year-to-date trial balances. We would follow-up with deliverables as pointed out below.
Our experience is that analytics performed on such account balances provides:
I. Meaningful information for developing recommendations to further improve internal controls leading to more meaningful, accurate, and timely reporting and safeguarding assets. We would over time work in the COSO Internal Control Framework, the world’s highest standard. Your key controls would be continuously monitored. Our approach to COSO is described in this publication.
Documentation of internal controls would be valuable to management as well as the company’s independent accountant’s attestation process.
II. An understanding of taxable income from the business entity which would allow for tax projections and planning before year end.
Related workpaper would facilitate tax savings and the tax return preparation.
III. More precise timing and less time pressured attestation procedures on your financial statements such as viewing GAAP relevant events with you as same occur from time to time during the year. We would draft and continuously update the financial statements. Interim reporting also becomes more readily available.
Again, your staff would be supported by our expertise in GAAP, staying current, and drafting the financial statements for their review. Your independent accountant would be provided with financial statements with account mapping to facilitate the attestation process and to preserve their independence (i.e., PCAOB does not allow attesting CPAs to prepare the financial statements.)
Real Time service is provided as a one-time set-up, quarterly update, and available upon request to address internal control, tax, and accounting issues. There is a set-up fee then an all-inclusive, within reason, fixed monthly retainer, adjusted annually. Engagement is on a month-to-month, continued success basis.
We are excited to expand our core Three Pillar services to fit your needs. We would be pleased to review your accounting and tax needs. Again, as an add-on and aid to your present internal and external accountants in a fostered relationship with all.