Traditional Auditing Services

Chiampou Travis Besaw & Kershner (CTB&K) takes a proactive approach to traditional auditing services, enabling us to offer creative solutions that maximize revenues while controlling costs. We work with you to develop an adequate understanding of your business so that we may maintain a consistent level of awareness of the issues that may affect your operation. CTB&K goes beyond the standard issuance of financial statements by providing a management letter which contains feedback on internal control issues, revenue opportunities, and potential operational efficiencies. These letters provide our clients with recommended actions that can result in cost reductions, enhanced revenues, increased productivity, and the safeguarding of assets.

There Are Two Phases to Our Audit Process:

Phase 1: Planning And Risk Assessment

CTB&K evaluates, documents, and if deemed appropriate, tests the control system and monitoring procedures currently in place and communicates any control weaknesses that are discovered. We address each balance sheet area and determine if a high degree of risk should be placed on the area and test it accordingly during focused substantive testing. We enhance our knowledge of your business during this phase and concentrate on areas where control procedures or weaknesses exist. At the end of this phase, all accounting or systems issues are communicated to management. We have found that open communication is essential in eliminating year-end surprises and/or issues. In addition, all management letter issues will typically be communicated to management at this point.

Phase 2: Focused Substantive Testing

This phase focuses on the testing of balances via schedules provided to our audit staff We are very conscious of the tax ramifications in each area and will obtain all tax documentation necessary for completion of tax returns to eliminate any duplication of efforts on your part. All members of our professional staff have a working knowledge of taxation and the ability to recognize tax-saving opportunities. By taking responsibility for the tax return process, we can efficiently coordinate the business and personal goals of our clients into meaningful and effective ideas.

The key to an effective audit process is the ability to establish proper and continuous communication channels to:

• Ensure the appropriateness of planned audit procedures

• Deal with recommendations in a constructive and timely manner

• Be aware of changing conditions and circumstances and adapt as required

Within this context, it is CTB&K's responsibility to keep you informed of significant accounting issues. We believe in a no-surprise approach to client service. This attitude allows us to focus on what is relevant and important to you.

Accounting Services

In addition to our traditional auditing services we also render accounting services for locally-owned, privately-held businesses. We can perform the following services to meet your business needs:

• Interim and annual compilations and reviewed financial statements

• Projected and forecasted financial statements

• Assistance with internal budgeting and forecasting

• Assistance with development of internal monthly financial reporting package

Business Consulting and Planning

The business climate and environment is always changing, and a fresh look at various aspects of your business can be effective when a business opportunity or decision is pending. CTB&K has extensive experience in the following business planning areas:

• Start-up business planning and implementation

• Due diligence - mergers and acquisitions

• Compensation planning

• Lease vs. buy transactions

• Developing key indicators/metrics measurement tools

• Assistance in securing bank and SBA loans

• Accounting system evaluation and selection

• New systems implementation

• Tax structuring of transactions

Bookkeeping and Write-up Services

One of the first essentials in evaluating financial information is accurate bookkeeping. We have professionals on staff that perform write-up services to our small business clientele at reasonable rates. Because we are available on a short-term or long-term basis, and are familiar with current software packages, we can provide quality services that will assist you in:

• Minimizing office costs

• Automating your system

• Providing CPA supervision

• Compiling timely financial information

• Analyzing trends and key indicators