What We Do

As auditors, consultants and advisors to the public sector, Craig, Fitzsimmons & Meyer, LLP has earned a global reputation as a leader in Audit, Accounting, Tax, and Management Advisory Services for the public sector. Our clientele ranges from religious congregations of men and women, to Papal entities overseen by the Holy See, educational institutions, social service and welfare organizations and the local governmental community. Through our strategic alliance with Pivot Point Security we can offer IoT “Internet of Things” security and consulting services for those clients that require these services.

Our Services

Attestation

Audits are conducted for the purpose of forming an opinion on basic financial statements taken as a whole.

  • Audits of Financial Statements 
  • Limited Scope Audits under ERISA
  • Single Audits under Office of Management and Budget (OMB) Uniform Guidance 
  • Audits of Financial Statements in compliance with Government Auditing Standards

Reviews are conducted for the purpose of expressing limited assurance that there are no material modifications that should be made to the financial statements. A review consists principally of inquiries directed toward company personnel and analytical procedures applied to financial data.

Compilations are limited to presenting in the form of financial statements information that is the representation of management. This service offers no assurance of the accuracy of data present.

One of the most valuable services that CFM can provide is making recommendations to our clients on how they might improve internal controls, enhance administrative performance and offer guidance on how to address specific control deficiencies. Agreed Upon Procedure and Examination engagements can focus efforts on compliance with laws and regulations and provide tailored recommendations related to these services.

Consulting

We can help management determine an expected financial position, based upon forecasted results of operations, and cash flows for a future period. A forecast is based on assumptions that reflect conditions management expects to exist and the course of action it expects to take.

By working closely with many publicly supported organizations over the years CFM has developed a comprehensive knowledge of the direct mail industry. Sharing this knowledge with our clients has enabled them to more efficiently and effectively raise money. Our primary goals are to enable our clients to take ownership of their programs and efficiently provide the financial resources needed to fulfill their mission purposes.

A significant development over the past decade has been the enhanced oversight of governing boards and sub-committees. These groups provide a significant role in oversight of organizations operating in the public sector. CFM has helped our clients enhance governance through board oversight and financial controls

The 2018 Yellow Book set stronger independence standards for independent auditors and local governments. Local governments need to possess the requisite “Skills, Knowledge and Experience” (SKE) to accept responsibility for their financial statements. Many local governments or NPO’s being audited under Uniform Guidance do not possess these credentials internally. CFM can assist by providing these services and helping SLG’s and NPO’s overcome this obstacle.

Through our strategic alliance with Pivot Point Security CFM is able to offer Information Technology audits, recommendations for improvements in network infrastructure, and assessment of vulnerabilities in donor databases. We can positively impact your organization’s core IT objectives of:

  • Achieving and maintaining a technology environment that safeguards your assets
  • Maintaining data and system integrity
  • Achieving organizational goals
  • Using resources efficiently

Investment and Financial Planning for the future is essential to the not-for-profit organization and local governments. Our investment and financial plans range from:

  • Providing retirement and healthcare for aging constituency, including social security participation planning
  • Building endowment funds for formation and education
  • Long-term capital planning and needs assessments
  • Planning for the funding of depreciation and resources required future growth initiatives
  • Tax and estate planning
  • Medical and other employee benefit self-insurance plans

Budgeting and monitoring operations are also a vital management skill. In addition to assisting with budgetary planning and implementation of budget systems, we help develop investment advisory committees to monitor performance and communicate with the board of directors or Provincial Council.

CFM is knowledgeable of and understands the filing requirements of the Internal Revenue Service regarding Form 990, the IRS’ application for exemption Forms 1023 and 1024, and the filing requirements of state and local agencies. We are familiar with the rules and regulations governing the solicitation of charitable gift annuities and can help you with these filings, including the registration and reporting requirements when a NPO runs a “game of chance”.

Additional Services

CFM also provides a wide range of management advisory services. Our commitment is to help our clients fulfill their missions by taking them from where they are to where they want to be in the future. Take a look at the wide scope of advisory services and specialized studies we offer to see what new things are on the horizon for your organization!

Management Services

  • Internal Control Studies
  • Risk Assessments
  • Outsourced Accounting “CFO to Go” Services 
  • Staff Training Workshops
  • Administration Transitions

Organizational Planning

  • Strategic Planning
  • Annual Budgeting—Forecasting
  • Retirement Need Assessments
  • Community Mergers—Consolidations
  • Program Performance Assessments

Cash Management & Wealth Preservation

  • Insulation of Assets
  • Aiding in creation of Investment Policy Statements
  • Budget Reporting
  • Centralized Accounting and Banking Facilities
  • Design of Appropriate Banking “Caging” Controls

Facilities Planning

  • Utilization Evaluations
  • Deferred Maintenance Studies
  • Market Value Assessments

Professional Services

  • Attestation Services 
  • Preparation of your NYS Annual Financial Report Update Document (AUD)
  • Tax Filings for Individuals, Corporations, Trusts and Not-for-Profit Organizations 
  • Treasury Support Services
  • Financial reporting systems design and integration of systems  
  • Internal Control Evaluations
 

We Can Help You!