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| Peer Reviews |
| The selection of a peer reviewer is a critical step in ensuring that an accounting firm’s peer review is efficient, cost-effective, and adds value to the firm’s quality control policies and procedures. Many peer reviews are conducted by a single reviewer which limits the experience and insight brought into the peer review to that of a single individual. Brown, Edwards & Company has a team of qualified peer reviewers with broad experience and backgrounds to ensure your peer review is not only efficiently staffed but also effective in providing value added recommendations to maximize the quality of your practice. The focus of our peer review team members is on adding value to your firm, our client, not only by review of the technical quality of your audit practice but also by offering suggestions for improvement both as to lowering costs and improving productivity. Selection of the peer review team should not be taken lightly and the cost of a properly completed peer should be considered an investment in the future success of your firm. |
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| Not-For Profit Organizations |
| Not-for-profit organizations are as serious about reaching goals as organizations that must answer to the bottom line. Yet they are affected by a whole different set of considerations. Our specialists have already helped a variety of not-for-profit entities with their needs. We provide specialized tax research on such areas as employer/employee independent contractor status, tax exempt financing, pension plans, employee fringe benefits, contributions of property, excise taxes, private inurement, intermediate sanctions, and formation of joint ventures. Capabilities: |
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| Manufacturing |
| Manufacturers face many challenges every day -- competition on a global scale, increased demands for regulatory compliance, perpetual technological advances, and knowledgeable customers wanting more choices...faster...better..and cheaper. Brown, Edwards & Company L.L.P. understands the business and financial concerns facing manufacturers. We have developed a diverse group of specialists with industry-specific knowledge and experience, who are able to become an integral part of your business. We can provide the information and guidance you need to meet today's demands. Capabilities: |
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| Health Care |
| Brown, Edwards & Company L.L.P. provides clients in the health care industry with the same high level of professional service that you give your patients. We understand the needs of hospitals and acute care facilities, long-term care facilities and practice units. We know health care professionals need practical knowledge and broad capabilities. We offer the full range of services that come with years of experience serving the financial needs of health care providers. We take the time to learn about your organization and its particular goals and requirements. We take the steps necessary to help you meet them. Your success is important to us. Capabilities: |
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| Higher Education |
| Brown, Edwards & Company L.L.P. helps higher education policy makers assess the status of their institution's financial resources. We understand your future depends on the ability to manage those resources. To support your mission and reach your goals you need flexibility. The future depends on fiscal performance and your ability to make decisions about your financial base. The long-term financing is the most daunting question facing stewards of colleges and universities. It is important to parents, accrediting bodies, donors and grantors, government agencies, investors, and rating agencies. Allocating scarce resources is also critical. Many colleges and universities are undergoing significant self-examination to improve academic and support services while lowering costs. These activities will accelerate as colleges and universities target resources to programs that will enhance success. Capabilities: |
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| Government |
| Brown, Edwards & Company L.L.P. provides a variety of audit and consulting services to a diverse group of state and local entities: town, cities, county governments, community colleges and numerous other governmental and quasi-governmental organizations. Our dedicated team audits financial statements as required by law and provides special services to meet state and federal reporting requirements. We assist you in GASB 34 implementation requiring many agencies to report current values for their transportation infrastructures (roads, bridges, etc.) in their annual financial reports. We understand the needs of state and local government entities and federally support programs. Not only does Brown, Edwards offer the full range of services your organization requires, but we also possess the practical knowledge and broad capabilities that come with years of serving government entities and programs. Our firm can provide the auditing, accounting, and consulting services needed to satisfy the requirements of state and local entities. We can provide your government unit with the following services:
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| Financial Institutions |
| Commitment to Client Satisfaction Brown, Edwards & Company L.L.P.’s commitment to world class service is evident in our bank niche team. We understand the economics, operations, and trends in the banking industry. Our clients are served by a team of professionals with experience working in the banking industry and many years of bank auditing experience. Each year these professionals attend rigorous additional training on serving financial institutions. We understand that financial institutions need solutions that produce results -- that add to the bottom line and promote growth. Our perspective is one of a knowledgeable, independent advisor who can relate to the unique issues facing financial institutions. Because our professionals are experienced in bank auditing and our team employs the use of electronic auditing applications, such as data extraction software, we can provide audit services at more affordable fees. Equally important, bank personnel have more time during the audit process to do regular work because of fewer audit-related interruptions. Capabilities: Risk Management Services, such as: Mergers and Acquisitions Assistance, such as: Operations Management Services, such as: Loan Management Services, such as: |
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| Credit Unions |
| Brown, Edwards & Company L.L.P. has a long history of serving credit unions. Clients range in asset size to $300 million. Advance planning, timely service and frequent communication of our findings allow minimal disruptions to your operations. We do more than meet regulatory requirements; we help you strengthen your underlying financial condition. You'll receive written recommendations regarding improvements and procedures, internal controls and operating efficiencies. Our dedicated Credit Union Services Team has developed a wellspring of knowledge about your business from first-hand experience. The team includes: Former credit union manager Former Virginia Credit Union League auditor Credit union EDP systems and controls specialist Our credit union team is led by a director and senior associate, both with extensive credit union training and experience. Capabilities: |
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| Construction Contractors |
| Experience counts in specialized businesses such as construction. The industry's susceptibility to business cycles, special income tax problems, information systems, financing and bonding needs and financial reporting all require special knowledge on the part of the professionals who serve the industry. Our dedicated Contractors Financial Consulting Services Group provides a full array of services to the construction industry. These services include those traditionally associated with accounting and consulting firms. We also have a full array of non-traditional services to help you maximize the potential of your business. You'll have an experienced financial advisor on your business team. Our philosophy of business is grounded in solid relationships, constant communication, and exceptional client service. Capabilities:
Construction Accounting Update 2006 |
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| Auto Dealers |
| Brown, Edwards & Company L.L.P. understands the dealership business and financial concerns facing the automobile industry. We are aware of the intense competition your business faces in today's marketplace. We know your success depends in large part on securing timely financial information needed to make critical decisions. We have developed a diverse group of specialists with industry-specific knowledge and experience to help you make those decisions. We provide the information and guidance you need to meet today's demands. We assist a variety of dealerships in a number of areas. Capabilities: |
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| Employee Benefit Plans |
| Brown, Edwards & Company helps clients develop and manage benefit programs to meet their unique needs. Employee benefit programs contribute and reflect the overall strength of an organization. We take an unbiased analytical approach to each project exposing a variety of opportunities that many businesses and advisors overlook. Our associates have the skills to perform all facets of implementation and administration. Capabilities: Investment /Recordkeeping Alliances |
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| Audits, Reviews and Compilations |
| Financial statements summarize the financial status and results of operations of a business entity. Brown, Edwards & Company L.L.P. provides formal financial reports prepared from accounting records, including balance sheet, statement of retained earnings, statement of income, and statements of changes in financial position. Audit: We examine your records and financial statements for the purpose of expressing an opinion as to whether the financial statements present fairly the financial position at a given date and results of operations ending on that date in accordance with generally accepted accounting principles. The report that prefaces financial statements expresses our opinion as the external auditor as to the fairness of the financial statements attached. Review: An unaudited review of financial statements of a business or organization to determine the plausibility of the information. A review includes making inquiries concerning financial, operating and contractual information, applying analytical procedures and having discussions with appropriate officials of the enterprise. Our report that prefaces unaudited financial statements and provides negative assurance that the financial information conforms to generally accepted accounting principles. Compilation: The compiling of unaudited financial information into financial statements, schedules or reports based on information provided by the accountant's client includes arranging client information into the form of a financial statement -- no expression of assurance is contemplated in a compilation engagement. The "Notice to Reader" that appears on each page or prefaces the financial statements, schedules, or reports warns readers of our limited involvement.
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| Bookkeeping/Write-Up |
| Brown, Edwards & Company L.L.P. realizes many businesses would rather concentrate on business than accounting. That's why we offer a complete line of accounting services to ease the burden of many financial requirements. From occasional accounting assistance to complete outsourcing of the accounting function Brown, Edwards works with your key personnel to perform necessary financial duties as well as provide accurate information for making critical business decisions. Capabilties:
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| Financial Statements |
| Brown Edwards & Company L.L.P. offers the highest quality audit and assurance services to businesses of all sizes, including small and medium private businesses, larger publicly owned corporations and organizations preparing to go public. We understand financial statements must be clear not only to you, the client, but also to financial analysts and others who may use them. To that end, we adhere to the standards of the American Institute of Certified Public Accountants, those of other government agencies and our own carefully developed internal policy statements. You receive more than an audit report from Brown, Edwards: You will find new strength in your management procedures and operating efforts as a result of the suggestions we offer for improving your organization.
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| Tax Planning & Preparation |
| Brown Edwards & Company L.L.P. provides a complete and diversified tax service including federal, state, and local tax return preparation. We emphasize tax planning -- corporate, personal and estate including compensation, tax shelters, foreign operations, and mergers and acquisitions. Recent changes in the tax law (Economic Growth & Tax Relief Reconciliation Act of 2001) have put a whole new spin on income tax for individuals. IRS rule changes, interpretations and court decision mean tremendous change in income tax for businesses -- from the elimination of foreign sales corporations to new accounting method requirements, governmental regulations and interpretations continue to change the face of tax preparation and planning. Brown, Edwards & Company understands the challenges facing both individuals and businesses. We have developed strategies to harness new laws in ways to benefit you most. |
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| International Taxation |
| As the world gets smaller, the body of knowledge needed to efficiently operate your business gets larger. What businesses can operate where; what local laws must you understand; how do you measure profit. These and other questions are just part of the array of issues you -- or someone for you -- must master. We have the knowledge and the experience to lead you through the maze of regulations and laws to successfully reach your goals. Whether you are importing or exporting, we help you establish and maintain systems to accomplish your objectives. Capabilities: Export Benefits: International Employee Tax Issues: Inbound and Outbound Investments: |
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| Estate & Trust Tax Preparation |
| Effective estate and gift planning facilitates the orderly transfer of assets to your beneficiaries, provides security for your surviving spouse, and can reduce or eliminate the tax due on the transfer of your business and other assets. For business owners, providing for business continuity and succession of ownership is essential. We can guide you through the complex process of getting your financial affairs in order. |
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| Accounting Software Selection & Implementation |
| Accounting Information Systems are essential to the successful management of your business and not one knows more about accounting systems than the AIS professionals at Brown, Edwards & Company. With over 75 years of experience in working with systems, we are in a unique position to assist your organization with the selection and implementation of an accounting system solution. Our technology and accounting specialists design solutions that provide the financial information critical to managing your business. We can work in a support role with individuals on your staff or can design, select, install and implement a new accounting system for your business. We not only look at current requirements but, working with your personnel, design an accounting system that will accommodate the future plans of your organization and train your staff to maximize the benefits available in the software acquired. Brown, Edwards & Company resells accounting software packages including Great Plains, Accu-build, Peachtree and Quickbooks. |
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| Business Valuations |
| Determining a company's value is highly complex. We consider the nature of the company, its history and economic outlook, financial condition, earnings capacity, dividends, prior stock sales and values, locations, quality of management, and much more. Business Valuation Solutions answer many challenges throughout the life of your business: from starting a business, growth, maturity and exiting. Our services fall in four groups: mergers and acquisitions, litigation services, succession and estate planning, and other. Our business valuations group possesses the qualifications and experience to help you in assessing the value of your company. Our credentials are recognized by the American Institute of Certified Public Accountants Management Consulting Division, the National Association of Certified Valuation Analysts and the Institute of Business Appraisers. Capabilities:
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| Computer Consulting |
| We recommend new hardware, modifications and upgrades for your current equipment. Because we don't sell equipment ourselves, you are assured of objective, cost-effective recommendations. We install the hardware, configure it to your needs and then provide ongoing service and support. In today's competitive environment, employees must be able to share their creativity, knowledge and experience through computer networks that are not restricted by technology or geography. Our network engineers can design your network from the ground up, or modify and expand your existing system to ensure that it continues to meet your needs. We install the necessary equipment and provide ongoing service and support. |
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| Estate Planning |
| A well-designed estate plan provides for the well-being of your family and minimizes taxes. You've labored hard to provide for your family and they deserve the maximum amount of your assets. You don't want to jeopardize losing a large portion of your estate paying transfer taxes due to insufficient planning. Anyone who owns property -- a home, a car, a bank account, investments, business interests, a retirement plan account, collectibles, personal belongings -- needs an estate plan. An estate plan allows you to direct how and to whom your property will be distributed after your passing. If you don't have an estate plan, your property could be distributed according to your state's intestacy laws without regard to family needs or your desires. Brown, Edwards & Company's professionals meet with you and your attorney to design an estate plan to meet your needs. Your plan will minimize taxes and permit you to direct how and to whom your property will be distributed even after you are gone. Call us to discuss any of these or other issues:
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| Financial Planning |
| Meeting personal financial goals requires making important decisions about taxes, education and retirement planning. At Brown, Edwards & Company L.L.P. the advice you receive -- and the decisions you make -- are sound. Capabilities
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| Business Consulting |
| Regardless of your position in the life cycle of your business, or the speed at which you find your business moves, Brown, Edwards & Company L.L.P. helps you identify and confront critical issues and pinpoint problems -- fast -- to develop innovative solutions to reach and maintain success. We recognize that each stage of business encounters unique challenges. Start-up growth, maturity and exiting all require specific strategies to ensure success on your terms.
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