Frequently Asked Questions
This is a common question because most people focus on business size. I am a senior level executive with experience with both small and large companies. I have been an auditor for Entrepreneurial Companies along with Controller of a NYSE traded company. Size is not the issue. The issue is the nature of the problem. I enjoy working with owners to solve their problems by rolling up my sleeves and finding the underlying cause of the issue. I can mentor employees when necessary and fix the problem myself when necessary.
I have worked with companies with 200 million in revenue where my work was formal in nature reporting through the board. I have also worked directly with the owners in preparing a company for sale. Although each project was different, the common thread was working directly with the decision makers in handling a big challenge.
Yes, I have obtained many professional credentials through good continuing education, which I believe is essential to maintain understanding of current business practices. However, all of my education from turnaround to financial forensics to valuation all contribute to my understanding how businesses function and create value.
I pursued the certification in valuation after I prepared a normalized EBITDA calculation for a large company that had two large well-known investment bankers involved in marketing the business for sale. My numbers were somewhat different from their calculation and ultimately the investment bankers changed their approach. This is an example of how I add value to my assignments.
As Certified Public Accountants (CPA), Corporate Financial Solutions and its consultants are guided by the consulting standards of the American Institute of CPA's. The firm is focused on helping clients advance their businesses using non traditional knowledge based consulting engagements. Traditional CPA engagements include attestation engagements to provide assurance in the form of a report on financial or non financial information that is the responsibility of another party, for the use or benefit of third parties. Assurance services engagements traditionally take the form of an audit, review, or compilation of historical financial statements.
In knowledge based consulting services engagements, the CPA develops the findings, conclusions, and recommendations based on the objective of the engagement for the direct use and benefit of the client. The nature and scope of work is uniquely designed by agreement between the CPA and the client based on the client's requirements. Consulting engagements require professional judgment regarding the procedures necessary for the given circumstances. The analytical approaches and processes utilized in a consulting services engagement typically involve a combination of activities related to the client's objectives, fact-finding, definition of the problems or opportunities, evaluation of alternatives, formulation of proposed action, communication of results, implementation and follow-up. In consulting engagements, the CPA does not attest to someone else's assertion but actually develops the final presentation.
Examples of consulting service engagements include engagements to provide advice or recommendations to the client, engagements to advocate a client's position with a third party, engagements in which the CPA's role is solely to assist the client, engagements to testify as an expert witness and engagements to provide expert opinion on certain points given facts provided by another party as long as the expert opinion does not express a conclusion about the reliability of the facts provided by the third party.