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About Our Services

We offer tailored solutions — whether private company or owner; public or private fund, adviser or fund service provider; or Fortune 1000 enterprise. Learn how we can help you.

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Assurance Services

Employee Benefit Plan Audits Internal Controls Investment Company Audits Private Company Audits SOC Readiness & Compliance

Tax Services

Federal Tax Planning & Compliance High Net Worth & Wealth Transfer International Filings & Structuring Investment Company Tax State & Local Tax Tax Credits & Incentives Transaction Tax Planning

Advisory Services

Business Valuations Data & Insights Digital Finance Solutions IT Strategy & Implementation M&A Advisory Outsourced Accounting Solutions Risk Assurance & Advisory Transaction Services Turnaround & Restructuring

Our Industry Expertise

Our industry experience means you can find professionals who speak your language and bring earned insights to the table. Learn how we can help you.

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Key Industries

Digital Assets Investment Companies Manufacturing Private Companies Private Equity Real Estate & Construction Technology & Life Science
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Knowledge Center

Our team wants to help your team stay up to date. Browse our thought leadership, events and news for insights and a point of view on business-critical topics.

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Insights

Browse valuable articles and publications our experts have written to help you and your organization answer key questions — and consider new ones.

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Events

Join us in person and online for events that address timely topics and key business considerations.

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News

Find out what is happening at Cohen & Company, from industry recognitions and growth updates, to where we are contributing to important media stories.

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People
Foundational Principles In the Community Diversity, Equity & Inclusion Technical Excellence Alumni TIAG Membership
Why Cohen & Company Our Culture Total Rewards & Benefits Intern & Entry Level Opportunities Experienced Opportunities
Akron, OH Baltimore, MD Chicago, IL Cleveland, OH Detroit, MI Milwaukee, WI New York, NY Philadelphia, PA Pittsburgh, PA St. Clair Shores, MI Youngstown, OH
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Investment Companies

Fund Service Providers

News

Cohen & Company Closes Deal with BBD’s Investment Management Group

Combined team becomes second-largest ETF auditor and fourth-largest registered funds auditor in U.S.

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An Experienced Team Focused on Fund Service Providers’ Needs

Our substantial experience with specialized audit and tax engagements for service providers stems from our wide range of experience with more than 30 fund service providers nationwide and years of experience dealing with complex operational issues facing investment companies.

Our Fund Service Provider Services

We provide three main areas of service:

SSAE 16 Engagements

Statement on Standards for Attest Engagements 16, Reporting on Controls at a Service Organization, is an attestation standard providing guidance to enable an independent auditor to issue an opinion on a service organization’s internal controls. The SSAE 16 audit report is critical to a service provider’s credibility. We have specialized expertise in this area, including fund accounting, transfer agency and custody functions. We provide:

  • Readiness Assessments

  • Type I Audits

  • Type II Audits

Agreed-upon Procedures

This value-add engagement is meant to provide attest services while still incorporating flexibility as to the terms and scope of the procedures performed, as driven by the needs and ultimate goals of the service provider. Agreed-upon procedures are best used as a tool for special projects where additional assurance is desired, related to topics such as:

  • Verification of adviser-provided detail

  • Control testing on business lines or departments outside of the SSAE 16 report

  • Compliance testing related to the implementation or monitoring of a particular regulatory development

Tax Planning and Compliance

Our tax practitioners are at the top of the industry and deliver a full range of tax services. In addition to a high level of industry sophistication and technical depth, we go above and beyond in the area of client service. A few of the areas we focus on include:

  • Consulting on specific tax issues

  • Compliance review

  • Preparation of 855 schedules

  • ASC 740 documentation

Meet Our Leadership

Lori Novak, CPA

Partner, Assurance
lnovak@cohencpa.com
216.649.5719

Andreana Shengelya, CPA, MT

Partner, Tax
ashengelya@cohencpa.com
216.774.1127

Related Insights

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6 Trends & Reminders in Today’s Evolving Investment Industry

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Half a Century Later, the SEC Modernizes its Fund Valuation Practices Framework

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9 Trends That May Impact Your Registered Fund This Year

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