Assurance & Attest Services
At PAMC, traditional assurance and attest services remain the core of our strength and reputation. Our professionals provide businesses, banks, sureties, and regulatory agencies, throughout the United States and internationally, clear, accurate and organized financial statements that are viewed as the industry standard.
Our assurance services include:
- Attestation Engagements
- Audits, Reviews and Compilations
- Employee Benefit Plans
- Financial Statements
- Governmental Entities
- International Financial Reporting
- Mergers & Acquisitions
- PCAOB Audits (Public Company Services)
- SSAE 18
- Transaction Services
- Web Security and Privacy Assurance
Business Advisory
Whether your organization is well-established or a start-up, you can benefit from a fresh pair of eyes reviewing and fine-tuning your operations. PAMC’s Business Advisory Practice offers professional consulting services to help organizations assess and overcome financial and legal challenges. Using a proven methodology, we have been implementing solutions that streamline and automate processes, provide data visibility, and improve enterprise wide communication for over 20 years. We have worked with organizations both large and small.
As an expert practice unit within the PAMC firm structure, our business advisors are qualified and exclusively dedicated to supporting your business decisions. PAMC’s Business Advisory Practice is made up of former Chief Financial Officers and other finance executives that have the experience and expertise necessary to help our clients optimize their operations and improve their bottom line.
We offer a range of services specifically catered to each of our clients’ individual needs. Our services include, but are not limited to:
- Bankruptcy and reorganization
- Business interruption & insurance claims consulting
- Cash flow & budget analysis
- CFO advisory
- Compliance
- Corporate governance
- Financial management and operational assessments
- Enterprise risk management
- Initial Public Offering (IPO) readiness
- Internal audit co-sourcing/outsourcing
- Internal control analysis
- Management advisory and business optimization
- Merger & acquisition consulting and due diligence
- Profit enhancement strategies
- Performance benchmarking
- Regulatory compliance
- Sarbanes-Oxley consulting
- Strategic planning
- Succession planning
Financial System Implementation
Changes in financial systems can provide much-needed order and focus, or create organizational chaos. Implementing a new financial system can greatly improve a company’s financing, making revenue recognition, financial budgeting, and financial reporting easier. However, before deciding on what financial software to implement, there are many things to consider. Overall, the procedure largely revolves around determining the functionality of the current system and comparing it to the business specific needs.
Work with our teams to select the best system for you and your department.
- Our Advisors and business technology experts can assist your organization with the following:
- Requirements definition in software selection process.
- Functional lead in implementation of financial systems or product upgrades.
- Serve as liaison between IT and Finance/Accounting functions.
- Chart of accounts design and mapping
- Writing and execution of test scripts
- Financial report design using system or bolt-on reporting tools
- Identification and implementation of “quick hit” process automation
- Post-implementation troubleshooting and reconciliation
- Backfill of financial functional roles for client staff assigned to project teams
Audit Preparation
In our years of advisory experience, we have found that too many companies suffer through unnecessarily difficult audits. Often the results are additional billings from your audit firm, and hours lost internally as your staff struggles to provide information the auditors are seeking.
At PAMC, we’ve found that with effective audit preparation and planning provided by accountants with experience in the audit process, audit engagements can proceed smoothly and painlessly.
We provide three levels of audit preparation service.
EVALUATION
Our firm will provide a high-level evaluation of your readiness for an audit. We review your records for consistency and accuracy.
IMPLEMENTATION
Our firm has no independence requirement for these services; hence, we can also help implement the suggestions we make. From cleaning up your accounts receivable aging to helping you with the accounting for more complex transactions, our implementation services provide you with records that your auditors will appreciate.
CONSULTATION
Our firm can counsel you on the background and theory surrounding complex accounting transactions, and provide you with authoritative literature to support the accounting treatment so that you can assure your auditors that you are properly informed to present accurate financial statements.
Statutory and other Specialist Audits
Our Internal Audit professionals provide timely, accurate and comprehensive assurance services to a variety of privately held companies in various industries. We understand how focusing on the processes and controls environment are essential in audited financial statements, the organization itself; and to lenders, owners, shareholders, board of directors and investors.
PAMC have helped organizations improve productivity and mitigate risks; our audit process include the use of integrated software solutions that enhances collaboration and automation.
Our approach to Statutory Audit of the financial statements is to provide reasonable assurance that the accounts have been prepared in accordance with the Generally Accepted Accounting Principles (GAAP) and are free of any mission. statements, errors and discrepancies.
Our Services include:
- Industry-specific financial reporting services
- Audits, reviews and compilations of financial statements
- Internal controls
- Internal audits
- Due diligence/special investigations
- Statutory Audits
Need more information? Request a Consultation and we will work provide you with specific and customized audit information regarding your business.