Comprehensive Audit Solutions for Private Companies
With each engagement, the mindset of our assurance team serving private companies is to deliver value beyond the completed financial statement or report. Throughout the process, our business-minded professionals take a holistic view of the entity — sharing perspective gained during the report process in additional areas such as tax, business operations and even estate planning opportunities for owners.
Focused on private companies for more than 40 years, our assurance professionals proactively seek out and complete numerous hours of technical training and research annually, often beyond state licensing requirements, to maintain a command of the latest technical knowledge applicable to private companies. Our technical acumen has led to senior members of our team serving in prestigious national roles, such as on the AICPA’s Auditing Standards Board and its Technical Issues Committee. We put that knowledge and insight to work for private companies in all industries and of all sizes, including companies with over $1 billion in annual revenue. In addition to financial statement audits and reviews, we also perform various agreed-upon procedures and employee benefit plan audits.
Our Private Company Audit Client Profiles & Industries
Closely held businesses
Private equity owned businesses
Large private businesses
Wholesale and distribution
Real estate and construction
Technology and life science
Transportation and logistics
Our Specialized Private Company Services
There are many instances when a financial statement audit or review may not fit the end goal or just may not be necessary. Our audit and attest team regularly conducts agreed-upon procedures (AUPs) that can offer you additional assurance on a given project, yet allow flexibility as to the terms and scope of the procedures performed. The AUP results in a report that management can use at its discretion for the business. We assist in determining the procedure(s) that best meets your needs and goals — and then work diligently to execute.
SSAE 18 Reports
As an independent auditor, Cohen & Company provides service organizations with a formal opinion and critical guidance on internal controls via a Statement on Standards for Attestation Engagements No. 18 report (SSAE-18). If your company is a service organization, an SSAE 18 audit report may be required or may help establish or reaffirm credibility with your clients. Specifically, we provide you with readiness assessments, as well as Type I Audits and the more in-depth Type II Audits for Service Organization Control Reports (SOC) 1 and 2 reports.