Consulting & Advisory

EP provides a range of specialized services that can help your operations run smoothly during difficult decisions and issues. Effective consulting begins with taking the time to understand your circumstances and goals.  Once the issues are clearly identified, we can begin the solution process.

Our services often include analysis of your organization, benchmarking, strategic planning concepts, and succession planning.  We may be able to assist you in addressing a specific problem that needs to be resolved to allow you to progress.  As you grow, systems need to be modified, internal controls need to be evaluated and possibly changed, and a fraud risk assessment may be in order.  Whether you need someone for brainstorming or just a sounding board, we are here to help.

Internal Audit Outsourcing

Today’s organizations know the value of the internal audit process to examine their business’s processes and controls and ensure that their operations align with desired objectives.  EP’s internal audit outsourcing allows you to continue to focus on running your business, while we do your internal auditing for you.

EP provides a full complement of internal audit services:

• Conduct internal audits on an as-needed basis
• Assist in developing, fulfilling, and maintaining an ongoing internal audit function
• Augment your established internal audit department
• Provide advisory services to senior management, audit committees, and boards of governance.

Internal Control Reviews

EP provides a process for protecting your organization’s objectives in operational effectiveness and efficiency, reliable financial reporting, and compliance with laws, regulations, and policies are being met. Our accountants are experienced in providing you with results that address:

• Your organization’s basics remain operationally effective and efficient
• Your assets are protected
• Ensure your records are accurate
• Promote operational efficiency
• You are achieving your organizational mission and goals
• Ensure you are in compliance with policies, rules, regulations, and laws

New Accounting Principles

Whether your organization is following FASB or GASB, we realize that implementing new accounting pronouncements requires a significant level of effort not only by the finance team.  Accounting changes that impact revenue recognition and measurement of assets and liabilities often lead to broader organizational and operational impact. EP’s experienced technical accounting professionals can help your organization understand, prepare for, and implement new accounting standards.

We provide assistance to your finance team by helping them develop an implementation plan, gather the information needed for the implementation, create a position paper, and proceed with the implementation.  We can provide training to the organization’s team members in order to maintain the implementation going forward.  In addition, we can assist in communicating with senior management, audit/finance committees, and boards of governance.

Cost Segregation Studies

When faced with space and building issues, you can take advantage of accelerated tax depreciation deductions and reduce taxes on your new and existing buildings through our cost segregation studies. Our construction specialists will assist you in realizing significant depreciation deductions from:

• New buildings and facilities currently under construction
• Existing buildings undergoing renovation, remodeling, restoration, or expansion buildings placed in service as far back as 1987
• Leasehold improvements to offices and facilities
• Acquisitions or investments in real estate properties