Audit & Financial Reporting

We audit, review, and compile financial statements for businesses and not-for-profit enterprises, and for their bankers, boards, and investors. We are objective, independent, and unbiased. We are not the largest local or regional accounting firm in Memphis, but we have an expert team with experience in audits of enterprises with revenues up to and exceeding $100 million. We are also sensible CPAs with good business judgment and plenty of experience in industries and niches such as:

• Manufacturing, fabrication, and materials conversion
• Wholesale distribution and dealerships
• Transportation and logistics
• Retail
• Financing and insurance agencies
• Contractors and trades
• Property operators and developers
• Healthcare, law, and other professional services
• Investment management and advisory services
• Educational, religious, and other not-for-profit enterprises

Audits are done to develop independent evidence of the quality of financial statements. They require us to study controls, business practices, risks, and transactions. With decades of experience, our partners and managers are hands-on leaders of audit teams. Your audit work progresses on-site and on time. We form our opinions after we study and analyze your numbers and your systems; then we review our findings with you and bring you practical knowledge about your business and its operations.

A review reduces the scope of detail, but includes analyses and inquiries, enabling us to express limited assurance that financial statements are free of material misstatements. It has become common for lenders, regulators, boards, and organizational leaders to regard reviewed financial statements as a minimum required level of assurance. Our partners and managers conduct reviews with questioning, reconciliations, comparisons, and accounting assessments designed to understand expectations and detect material deviations. Our review work also enables us to give you feedback on your operating procedures and internal controls.

When we compile financial statements, we typically consider any obvious adjustments and then assemble statements for management purposes without expressing any assurance about their reliability. Compilation analyses are more limited in detail and the resulting financial statements often omit the disclosures that accompany reviews and audits.

Contact leaders of our audit and advisory services team:

• Jerry Davis
• John Ivy
• Vance Simmons