Industries
We serve a diverse range of privately held businesses.
Construction
Real Estate Development
PEOs
Legal & Accounting Firms
Manufacturing
Distribution & Retail
Technology
Food & Beverage
Breweries
Hospitality
Service Businesses
Employee Benefit Plans




Construction
Surety and bonding companies frequently require audited or reviewed financial statements to issue or renew performance bonds.
Revenue recognition under ASC 606 for long-term contracts (percentage-of-completion) involves significant estimates and judgment.
Work-in-progress (WIP) schedules and backlog disclosures are routinely examined by lenders and sureties.
Job-cost accuracy and indirect cost allocations directly affect gross margin and contract profitability reporting.
Bank covenants and subcontractor prequalification processes typically require CPA-issued financial statements.
Real Estate Development
Project lenders and equity partners often require audited or reviewed financial statements for construction financing and capital calls.
Capitalization of development costs must follow ASC 970 (Real Estate — General).
Joint ventures and special-purpose entities frequently require entity-level financial reporting and VIE analysis.
Lease accounting under ASC 842 adds complexity on both lessor and lessee positions.
Revenue recognition on property sales, leasing, and development completion is a focused audit area.
PEOs
IRS Certified PEO (CPEO) designation under IRC Section 7705 requires annual audited financial statements.
ESAC (Employer Services Assurance Corporation) accreditation also requires independent audited financials.
Client trust fund handling for payroll taxes and benefits requires rigorous accounting controls.
Revenue classification (gross vs. net presentation under ASC 606) is complex and judgment-heavy for PEOs.
Workers’ compensation master policy accruals and benefits cost reporting are recurring audit focus areas.
Legal & Accounting Firms
Law firms maintaining IOLTA (client trust) accounts are subject to state bar trust account compliance requirements.
CPA firms undergo AICPA Peer Review on a three-year cycle under the AICPA Peer Review Program.
Partner capital accounts and distribution arrangements require accurate tracking, especially during succession or buyouts.
Work-in-process and unbilled receivables are a recurring revenue recognition focus area under ASC 606.
Lenders and landlords increasingly require reviewed or audited financials for credit, leasing, and partnership transactions.
Manufacturing
Inventory observations and valuation testing (LIFO, FIFO, standard cost) are core audit procedures.
Standard costing and variance analysis significantly affect gross margin reporting.
Revenue recognition complexities (bill-and-hold, warranties, returns, variable consideration) require ASC 606 evaluation.
Property, plant, and equipment capitalization and impairment testing are recurring focus areas.
Asset-based lenders often require reviewed or audited financials for borrowing base certifications.
Distribution & Retail
Inventory valuation and shrinkage estimation are significant audit areas, especially for high-SKU environments.
Sales tax nexus and multi-state compliance (post-Wayfair) drive audit and consulting demand.
Gift card breakage and customer loyalty program accounting require ASC 606 evaluation.
Asset-based lending facilities commonly require borrowing base certifications and audited financials.
Cut-off testing at period-end is critical given high transaction volumes and inventory movement.
Technology
Revenue recognition for SaaS and multi-element arrangements is an ASC 606 focus area requiring significant judgment.
Capitalization of internal-use software and SaaS implementation costs follows ASC 350-40.
Stock-based compensation under ASC 718 requires valuation and disclosure review.
Investor reporting during capital raises (Series A/B/C) often requires reviewed or audited financials.
Deferred revenue balances and contract asset/liability classifications require detailed assessment.
Food & Beverage
Inventory valuation for perishable and seasonal goods requires careful cost and net realizable value analysis.
Supplier rebates, slotting fees, and promotional allowance accounting are often material and judgment-driven.
Revenue recognition for franchise arrangements and private-label contracts follows ASC 606.
Multi-location operations typically require consolidated financial reporting and intercompany eliminations.
Lenders and landlords commonly require reviewed or audited financials for credit and leasing decisions.
Breweries
TTB (Alcohol and Tobacco Tax and Trade Bureau) excise tax compliance and accrual accounting require detailed recordkeeping.
Inventory valuation across raw materials, work-in-process, and finished goods stages is complex.
Equipment (tanks, fermenters, bottling/canning lines) requires capitalization and depreciation policy review.
Distribution agreements under the three-tier system affect revenue recognition and contract terms.
Lenders and investors in craft breweries often require reviewed or audited financials for expansion financing.
Hospitality
Revenue recognition across room revenue, food & beverage, and event bookings requires detailed ASC 606 analysis.
Loyalty programs and gift card breakage involve significant estimates under ASC 606.
Occupancy and lodging tax compliance is subject to state and local regulatory scrutiny.
Franchise and management agreements affect revenue classification and cost allocation.
Property-backed financing arrangements often include audit or review requirements in loan covenants.
Service Businesses
Revenue recognition under ASC 606 for time-and-materials, fixed-fee, and retainer arrangements requires judgment.
Unbilled receivables and work-in-process balances are significant audit focus areas.
Payroll accruals, bonuses, and benefits costs require period-end review and estimation.
Client concentration risk disclosures are common requests from lenders and investors.
Lenders and buyers frequently require reviewed or audited financials for financing or due diligence.
Employee Benefit Plans
ERISA plans with 100 or more eligible participants generally require an independent audit under DOL regulations.
Form 5500 filed with the DOL must include the auditor’s report when an audit is required.
EBP audits are conducted in accordance with AU-C Section 703 (codifying SAS 136).
Participant-level testing covers contributions, distributions, participant loans, and eligibility.
Fair value measurement of plan investments requires independent valuation review.
