Don’t Get Sent to National Office Jail

Public companies face complex accounting and reporting requirements — leading most to seek a reliable CPA firm that can bring the expertise needed to navigate challenges experienced by SEC registrants. Although large national firms can seem like the safe choice, your company can easily become lost in these firms’ massive SEC practices, leaving you feeling insignificant.

Wolf offers direct leadership involvement, so you can rest assured that you are working with top-tier advisors.

Background

The client’s longtime Big 4 CPA firm suddenly took a different view on their longstanding revenue recognition policy. The issue immediately went to the Big 4’s dreaded “National Office.” Suddenly, both the communication with the client and the progress on the audit ground to a halt. Furthermore, critical filing deadlines were missed, consultants had to be engaged, and major audit fee overages were incurred.

Challenge

The client’s CFO was now in the hot seat with the rest of the management team, the board of directors, and the SEC. They needed a CPA firm that had the expertise to handle the accounting complexities of their business and could make confident decisions quickly. They also needed a CPA firm that would keep an open and honest line of communication in order to resolve issues in a timely manner.

Outcome

Wolf was engaged by the client and was able to complete three interim reviews and an audit within 90 days, bringing the company current in their filings. The Wolf difference is that your engagement officers are easily accessible decision makers — there’s no “National Office.” As a CPA firm with over 300 professionals, we have a deep bench of industry experts that you and your finance team can utilize at any time. We strive to maintain a regional, personal feel in our relationships, and when our engagement officer and a CFO agree on an issue, that decision is final. There’s no second guessing, no “National Office,” and no “National Office” jail!

Takeaway

At Wolf, all final decisions are made locally.