What We Do
Frazier & Deeter fosters a culture of exceptional client service, built around our core values of People, Entrepreneurship, Accessibility and Quality. In our client surveys, consistently 95% would recommend Frazier & Deeter.
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What our Clients Say About Us
“Much more than an accountant… a true business partner in every sense of the word.”
“Their guidance has kept our companies out of the ditches.”
“Realistic and thoughtful approach to audit planning.”
“FD has saved my financial life over and over.”
“FD is always available to clear up questions with very little lead time… availability is a huge factor.”
Learn more about our engagements in the overview below.
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Performed tax services for a leading US textile manufacturer considered one of America’s fastest growing privately-held companies. Our team was successful in closing a multi-million-dollar IRS assessment around inventory costing, with zero IRS tax assessment on the audit.
This cloud security monitoring service provider needed to indicate strong IT internal controls and undergo a SOC 2 examination to be competitive among its peers. Frazier & Deeter assisted with IT internal controls advisory services that enabled them to address the applicable AICPA Trust Services Criteria in preparation for a SOC 2 examination.
Provided medical technology company with R&D tax credit documentation and filings that enhanced cash flow. Our Tax Credits & Incentives team has helped clients from startups to Fortune 500 companies secure substantial tax credits.
Provided advisory services for tech companies in resolving complex revenue recognition issues when adopting ASC 606. FD partners include current and former members of the AICPA Technical Issues Committee, as well as former team members of the PCAOB and FASB.
Our team advised the client in structuring and executing Section 1031 like-kind exchanges. Our team of highly experienced real estate CPAs was able to structure exchanges that would allow the clients to construct replacement assets and defer substantial gains.
Public Company Needed an Effective, Coordinated and Efficient Support for SOC 1 And SOC 2 Examinations
The size and complexity of the organization and poor coordination of testing were increasing the time demand on control owners. Frazier & Deeter’s SOC specialists were able to streamline the testing, evidence and reporting process, creating efficiencies from identifying commonalities among the reports, resulting in and cost savings, reduced audit fatigue and customized improvements to the overall SOC 1 and SOC 2 reports.
Helped a $105B Fortune Global 100 manufacturing and construction conglomerate prepare carve-out financial statements and an offering memorandum for a significant component of its operations. The work was contributed to a joint venture with a $28B Fortune Global 100 manufacturing and technology conglomerate that was then registered as a stand-alone entity.
Our Arch + Tower team guided the development of a replicable business model that will allow the company to expand into a large-scale business. We helped established organizational clarity, crafted purpose statement, values, and strategy to provide an operational standard.
Prepared carve-out financial statements for a significant disposition transaction after the company with multiple distribution channels strategically decided to exit one of its largest business components. FD also led the rationalization of key controls and a re-design of the company’s overall SOX program (including COSO 2013 adoption) following an SAP implementation.
Our team provided buy-side due diligence on UK street lighting business on behalf of a privately owned US company in the same sector. Our Transaction Advisory and International Tax team included experienced professionals in both the US and UK, who have supported transactions around the globe.
Assisted storage developer client with $50MM+ in acquisitions using tenant in common interests to help facilitate investment by Section 1031 investors.
A joint-venture undertaken by a $20 million private software company triggered the need for heightened audits pursuant to Regulation S-X Rule 3-05. Our team was brought in to provide a rapid, cost-effective PCAOB audit to provide interim reporting to a Big 4 firm.
This leading payment processing company operates in a highly regulated industry. Working with audit teams to comply with PCI, SOC and HITRUST certifications was a time-consuming situation and internal team members were spending time answering very similar questions for different audit teams. Frazier & Deeter’s Process, Risk & Governance team was able to offer a single team approach to streamline the certification processes
This highly acquisitive company brought in our team to do an outsourced Internal Audit focused on financial and IT processes and transactions. We led the annual risk assessment and developed the annual audit plan covering both corporate and division levels. We performed an assessment of internal controls for SOX compliance and assisted in the design and implementation of controls at newly acquired businesses.
This private company had significant facilities and borrowing relationships in China, as well as intellectual property and R&D operations that added complexity. Our team reported the audit on AICPA standards, but maintained PCAOB and SEC independence standards in the event of an IPO or other capital market transaction.
Medical Device Company with Significant Intellectual Property Assets and Complex Equity Structure Needs Audit
This company had a complex equity structure including convertible preferred stock and warrants accounted for as derivatives, and had operations in Europe as well as the U.S. They wanted to file as an accelerated filer. Our team worked closely with management to audit the valuation of the intellectual property to determine whether impairment was required. Our experts with valuations of derivative liabilities enabled the company to prepare for accelerated filer status.
Frazier & Deeter’s Process, Risk & Governance team was brought in to support a bank that had several regulatory comments on their BSA function. FD was hired to perform an internal audit and help identify the compliance gaps and make recommendations to close those gaps. The subsequent regulatory exam had no comments on BSA.
$73B Euro Manufacturer (NYSE, European Markets) Needed Accounting Advice (Revenue Recognition & Carve-Out)
This company needed advice in a number of complex accounting areas. Our team assessed a multi-billion Euro contract to determine revenue recognition methods for each element and assisted with preparation of carve-out financial statements. We prepared MD&A and pro forma disclosures in connection with a Section 144A offering.
Assisted multifamily developer client with $120MM sale of multiple class A apartment assets to large private equity buyer and maximized capital gain treatment.
Our team’s valuation specialists were brought in to assess valuations prepared by a Big 4 firm when two public companies acquired solar plants as part of a joint venture. We worked with management and engineers to review inputs and assumptions to the valuation model. We completed the audit within an aggressive 45-day deadline required for inclusion in public parent-company results.