Is Working with a Big Accounting Firm for ALL Your Accounting Advisory Needs a Have-To?

November 4, 2021

When your business needs accounting and tax expertise and service, chances are you have been encouraged to consider one of the Big 4 accounting firms. These four firms— PricewaterhouseCoopers, KPMG, Deloitte, and EY—offer assurance and advisory services, including tax, strategy, valuation and management consulting, to name a few. For small to large publicly traded companies, it’s typical to turn to these firms for audit and tax needs. However, there’s a good chance that a consulting practice like TGRP Solutions can handle at least some of the services you require or work hand in hand with your auditors to help deliver to meet timely deadlines

Although TGRP consultants do not sign off on company financials, they are more than capable of compiling complete financials for final review.  These are a few of our services (offering the same level of expertise but with a substantial cost savings):

  • Audit prep – Whether you are a privately held or public company, our team can help you prepare for your audit. We are experienced in understanding accounting pronouncements and the latest audit standards and we have worked closely with Big 4 and other audit firms (and nearly all of our consultants have worked in public accounting or Big 4) so we know their expectations.
  • General ledger cleanup work – Nothing bogs down an audit like messy records and accounts. We will help you make sure your books are in good shape so that they don’t create mistakes in your financial statements and throw a wrench in the works of your audit.
  • SOX 404 internal controls work – An important area of focus for our firm is to assess companies’ internal controls and help them prepare for the filing of reports required under Section 404 of the Sarbanes-Oxley Act. Under this law, SEC registrants are required to include a statement of management’s responsibility for establishing and maintaining adequate internal controls over their financial reporting and include management’s assessment of the effectiveness of their internal controls. If you are newly public (or gearing up to be acquired by a public company), we can help you with all aspects of SOX 404 readiness. Working with TGRP Solutions ensures you are adhering to independence requirements too.
  • SEC reporting – If you are a public company, the SEC requires that you file annual reports (10Ks) and quarterly reports (10Qs). We have a team with deep expertise in these types of engagements who can help you with this and also with things like technical accounting research to support your financial statements.

So, why work with TGRP Solutions? Here are just a few of the benefits of working with a company like ours for the above type of services:

  • Lower fees – There’s no question that you will save on fees working with a regional CPA firm, smaller CPA firm or company like TGRP Solutions if your needs are CFO advisory services or similar. Larger CPA firms often require that clients retain them (as opposed to charging by the hour for work completed). In addition, Big 4 engagement fees are significantly higher simply because of their global network, much higher overhead and deep subject matter knowledge in specific areas.
  • More attention – The Big 4 tend to devote much of their attention to their “A” roster of clients. That is simply not the case with TGRP Solutions. Every single client and every engagement are important. At TGRP, each of our clients will work with our practice directors as well as our consultants. They devote attention to each engagement equally. 
  • Less turnover – The Big 4 typically hires its staff straight out of college, which means many young professionals “cut their teeth” in public accounting but do not stay beyond 3 to 5 years. It’s a high-pressure environment with longer hours and last-minute travel. Because of these and other factors, many professionals gain experience in the Big 4 and then move on to work for smaller firms or in private industry. For your company, this means you are constantly training someone new on your client engagement.

TGRP Solutions can help you with many of your accounting and finance projects, whether you need someone on hand to support your accounting department through a busy period (such as an accounting system upgrade or implementation), need to clean up your financial records to prepare for your upcoming audit, or need SOX 404 assistance. Contact us to learn more about how our experienced team of experts can help you achieve your goals and improve your operations!

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