Private Companies

Our audit and tax professionals focus on the needs of privately held companies. These clients draw on our comprehensive range of solutions to support their key business and personal financial decisions. As a trusted independent advisor to hundreds of private companies, we can help you save money, comply with regulations and test your business strategies.

We deliver clear insights that help further your goals as privately held companies and entrepreneurs. We provide ideas that make A Measurable Difference^TM, including tax structuring, family wealth planning, benefit planning, exit planning strategies, IT security, valuation services as well as the essential ongoing audit, accounting and tax services.

Last year, The Auditing Standards Board issued sweeping changes in how accounting firms should audit non-public companies. These standards, call them “Private SOX”, are similar to the Sarbanes-Oxley Act (SOX) regulations that public companies have dealt with for several years. These standards require all auditors of non-public entities to perform more extensive procedures than in the past.

Brown Smith Wallace has extensive hands-on experience in helping clients pull up their SOX – private and public. While helping companies implement these standards, we have also helped them:

• Better manage inventory
• Enhance key operating and control practices
• Improve controls over purchasing processes, including eliminating duplicate recording