Great relationship with our primary POC – Jim Sayer. Excellent knowledge base and highly responsive to our business needs. SD has added real value to our taxation reporting and strategy.
Client: Multi-Location, Global, Long-term Client
How it Started
After years of working with national accounting firms, (a standard move for a global organization of their size), one of our current clients wanted to find a different approach. They didn’t just want an auditor anymore—they wanted a business partner to guide them through every step of the reporting and readiness process. A business partner who would develop a personalized and practical procedure to ensure a successful audit. Though they wanted more personal attention than the Big 4 could offer, it was also important that their provider still had the resources to understand and simplify the complex accounting requirements of international operations. That’s where we came in.
A Practical Approach
From the beginning, we committed to co-developing a procedure that worked for the client. We know from experience that the first question international organizations have when it comes to an audit is how to cohesively and painlessly organize the disparate reporting requirements of each location. With that in mind, we sat down with them and discussed the best methods to approach each of their international sites, one by one. Rather than insisting on a reperformance of financial statements reported under IFRS accounting standards, we rolled the work already completed at several of their locations into our audit process. And, based on our experience with other companies, we provided advice on best practices at each location that would ultimately create efficiencies in our overall audit process.
Throughout our relationship, we’ve viewed this client as our partner. We’ve guided them through the intricacies of new accounting pronouncements, lease arrangements, complex transactions and revenue recognition. Whenever a complex issue has come up, they’ve relied on us to provide guidance and support; they know we both have the resources to handle these issues and that, as our partners, they have access to all of them.
How it's Going
Our client is ambitious. After ten years with us, they’ve seen how much an audit process can improve with careful attention. Over the years, we’ve shortened the time between their year-end and audit close to an impressive 60 days. And we’re not done yet. Their new goal for the coming years is a 45-day close. They know we’ll help them get there the way we’ve always done. Our feedback remains consistent each year with insights on ways to improve. We continue to partner with them through transactional and accounting matters to outline the most efficient and effective ways to reach their goals.
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Contact an Audit & Tax Advisor Today
Great relationship with our primary POC – Jim Sayer. Excellent knowledge base and highly responsive to our business needs. SD has added real value to our taxation reporting and strategy.
Good people.
Professionalism and pragmatic
Every thing from keeping us up on all of the changes to consistent timely assistance when we need!
The people!
Friendly knowledgeable staff
Good continuity throughout the engagement teams showing complete understanding from Shareholder all the way down to the senior and staff level.
Our accountant Brett Cubellis.
We treat Schneider Downs as our business advisor. Before we make big monetary decisions, one of our first phone calls is to Schneider Downs to get their opinion and council.
They are truly a full-service firm – we utilize the tax, audit, transaction, cybersecurity, 401k, and family office teams.
Good people, firm culture and reasonably priced. It’s also nice to support a locally HQ’d firm.
Schneider Downs’ engagement teams are hand-selected by our shareholders based on skill sets and experience and are available around the clock for consultation. Each attestation engagement is subject to our comprehensive quality control and risk management system, providing an independent review of audit opinions, related financial statements and significant underlying working papers, to ensure that the highest levels of professional standards are met.
To learn more, visit our dedicated Audit and Assurance page.
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Schneider Downs is a Top 60 independent Certified Public Accounting (CPA) firm providing accounting, tax, audit and business advisory services to public and private companies, not-for-profit organizations and global companies. We also offer Internal Audit; Technology Consulting; Software Solutions; Personal Financial Services; Retirement Plan Solutions and Corporate Finance Services. Schneider Downs is the 13th largest accounting firm in the Mid-Atlantic region and serves individuals and companies in Pennsylvania (PA), Ohio (OH), West Virginia (WV), New York (NY), Maryland (MD), and additional states in the United States with offices in Pittsburgh, PA, Columbus, OH, and McLean, VA.
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