Comprehensive financial reports are powerful tools for managing a business. Along with the traditional benefits of professionally prepared statements, our team can use this information to help our clients develop Key Performance Indicators (KPIs), financial projections, and lender / investor relationships. With our expertise in financial reporting, we are able to provide and interpret vital information that can better facilitate the ongoing management of our clients’ business.
At Wright Ford Young & Co., we long realized one of life’s most challenging lessons: that we cannot be all things to all people. We understand that we live in the day and age of specialization, so to best serve our clients, we chose to focus our audit practice in the manufacturing/distribution, professional service firm, real estate and construction, and food and restaurant sectors. We also don’t audit public companies, instead choosing to invest our time and energy on privately held entrepreneurial businesses. Our specializations set us apart, but our approach makes us unique.
Our approach includes a higher degree of partner and manager involvement, the use of internally developed IT resources to extract and manage data, and the use of significant industry data. Our approach is also proactive. While most CPA firms will react to the impending switch from U.S. generally accepted accounting principles (GAAP) to international financial reporting standards (IFRS), we are already planning for that day by constantly monitoring the actions of the Financial Accounting Standards Board (FASB) and the International Accounting Standards Board (IASB) and by communicating the potential impact to our clients.
Our services include:
- Audited, Reviewed, and Compiled Financial Statements
- Forecasts and Projections
- Internal Control Evaluations
- Benchmarking Studies
In addition to providing audit and assurance services to business entities, we also have one of the largest employee benefit plan audit practices in California. We are one of only 89 CPA firms in the country that audit in excess of 100 employee benefit plans on an annual basis. As a result, we are subject to bi-annual inspections from the Department of Labor. We completed our most recent Department of Labor inspection with a passing mark. Further, because our employee benefit plan audit practice is an integral part of our firm, it is subject to our firm’s peer review inspection. We also completed our most recent peer review inspection with a clean opinion. Additionally, we are members of the AICPA Employee Benefit Plan Audit Quality Center and are a PCAOB registered firm. We are in good standing with the California Society of CPA’s and all partners and managers hold active licenses.