Advisory Services

Businesses like yours, regardless of size, face decisions every day that can have a significant impact on financial reporting – and your bottom line in general. The two are not unrelated. Which accounting software is the best for companies like ours? Should we spin off a division as a separate company? How will our growth or planned expansion impact our financials? L&A is there to help you every step of the way with…

  • accounting software selection
  • business entity selection and formation
  • forecasts and projections
  • other business advisory services
  • some plain common sense

Our partner-level involvement in your business delivers meaningful insights into the choices you face. We shed light on the financials; you make better business decisions.

 

Governance
Click here for more information on the following advisory services related to governance:

Internal Audit
Information Technology Audit
Controls automation
SSAE-16 / SOC reporting
Sarbanes-Oxley Compliance (SOX/JSOX)
Information safeguarding
SOC 1, 2, and 3 examinations

 

IT Advisory
Perhaps the biggest challenge of technology is in implementing systems that withstand the test of time and constant changes. Just as we do the financial aspects of your business Long & Associates fully understands the technical needs of your organization. As such, we can provide you with IT advisory services you need to evaluate the reliability and performance of your IT processes.

 

Internal Audit
Critically important, internal audits are subject to a number of flaws, including the lack of objectivity or the lack of ample resources to administer them skillfully. Long & Associates can supplement your internal resources or provide full-service auditing. Call on our extensive experience to provide you with the technical know-how and capacity to satisfy your audit needs. We’ll satisfy third-party regulatory requirements and help you design or improve on your existing processes and controls. In short, we’ll provide the comprehensive perspective you need.

 

Risk Management
You’re an expert at what you do, but surrounding you is the ever-changing and often confusing financial environment in which you do it. Its pressures don’t let up, and neither do the risks involved. To help you navigate the myriad of moving parts that affect your business, call on L&A. We can help you prepare for the demands of regulators, stakeholders or even competitors. We’ll provide you with an objective perspective from the outside, one that’s based on the facts and figures that you need to not just stay afloat or out of trouble, but to thrive.

 

Employee Benefit Plan Advisory Services
In addition to providing specific auditing services related to employee benefits planning, Long & Associates can play a consultative role in your decision-making. Our advisory services around employee benefit plans include:

  • Plan operations consulting
  • Guidance on ERISA correction programs
  • Form 5500 preparation and filings

L&A clients further benefit from our membership in the AICPA’s Employee Benefit Plan Audit Quality Center, a comprehensive resource for employee benefit plan audits. We are committed to adhering to the highest quality standards by voluntarily agreeing to the Center membership requirements, which include designating a partner responsible for our employee benefit plan audit practice, establishing quality control programs, performing annual internal inspection procedures, and making our peer review report findings publicly available.

 

Process Improvement
It’s a buzz phrase in the manufacturing environment, and “process improvement” applies to financial and other business operations just as relevantly. Long & Associates can advise you on a number of ways to enhance your current processes, whether by helping you select an alternative accounting software, making revisions to your business-entity structure, or implementing forecast-and-projection protocols. Look to Long & Associates to help you ensure absolute integrity for your most fundamental or complex finance and accounting processes.