Case 2: Annual Audit Leads to Improved Business Processes
Situation:
A mid-sized client determined that they wanted more local, individualized attention from their CPA firm in conjunction with annual audit services. They selected Covenant Consulting Group through a competitive bid process.
Services:
The client came to Covenant Consulting Group for audit services, but ultimately received much more. Covenant Consulting Group functions as a partner to their clients. No matter what services they sign up for, Covenant Consulting Group finds ways to help them throughout each engagement. Covenant Consulting Group pulls in resources from all areas of the firm in order to provide clients with complete tools to make their businesses succeed.
During the initial audit, Covenant Consulting Group found several ways to improve the internal processes of this client. Some improvements were for efficiency only, others solved actual issues with proper accounting treatments that had never been previously identified.
Results:
Through our annual audit, now in its second year, Covenant Consulting Group has recommended numerous improvements – all of which the client appreciated and incorporated. Through their relationship with Covenant Consulting Group, they have changed the way they process transactions and report certain balances. Our partnership and guidance has made our client more accurate and better equipped to make critical business decisions.