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BANKS, FINLEY, WHITE & CO. RECEIVES HIGHEST POSSIBLE GRADE ON PEER REVIEW

BANKS, FINLEY, WHITE & CO., CPAs announced today that it has successfully completed an independent review of its accounting and auditing practice. The reviewers concluded that the firm complies with the stringent quality control standards set by the American Institute of Certified Public Accountants (AICPA), the national organization of CPAs, and awarded it the highest possible grade, an unmodified opinion. Peer reviews are required every three years for membership in the Center for Audit Quality (CAQ) of the AICPA. BANKS, FINLEY, WHITE & CO., is a Registered Accounting Firm with the Public Company Accounting Oversight Board (PCAOB), as well as a member of the Governmental Audit Quality Center (GAQC), the Employee Benefit Plan Audit Quality Center (EBPAQC) and the Private Companies Practice Section (PCPS), according to James C. White, Jr., Managing Partner of the firm. 

BANKS, FINLEY, WHITE & CO. was founded May 26, 1973, and has been in practice for 49 years. It is a regional, nationally recognized CPA firm with offices in Birmingham, Alabama (home office); Atlanta, Georgia; Memphis, Tennessee; and Denver, Colorado. 

The peer review was conducted by Jones, Nale & Mattingly, PLC. The reviewers made an independent assessment of the firm’s quality control policies and procedures and inspected the working papers and reports on a representative sample of accounting and auditing engagements. The reviewer’s report was accepted by the National Peer Review Committee and placed in the public files maintained at the AICPA. 

White said, “Each of our peer reviews has resulted in the highest possible grade. This is further testimony to our continuing commitment to quality work and our forward-looking efforts in maintaining a sound quality control system.” 

Banks, Finley, White & Co. Expands West!

FOR IMMEDIATE RELEASE
December 11, 2019

DENVER, Colo. – Lucius A. Ashby, Jr., CPA has joined Birmingham, Alabama based certified public accounting firm, Banks, Finley, White & Co., to provide accounting and financial consulting services to the Rocky Mountain region of the United States. Mr. Ashby has become a Partner in the Firm and will be in charge of the Denver office of Banks, Finley, White & Co.

This professional combination will bring the collective resources and experience of Mr. Ashby and Banks, Finley, White & Co.’s 40 employee operation to Colorado. They will support Mr. Ashby’s current client base as Banks, Finley, White & Co., expands the firm’s collective client services in the Rocky Mountains.

Mr. Ashby has practiced as a CPA in the Rocky Mountain Region since graduating from the University of Colorado in 1969. He makes this transition after operating under the name of Jackson, Ashby, Goldstine, PC since 2003. Earlier this year both of Mr. Ashby’s partners James Goldstine and Elmer Jackson passed away, which created both the need and the opportunity for this new venture.

Banks, Finley, White & Co. has offered years of accounting services to diverse communities in their areas of operation. The firm was founded in 1973 and is one of the leading, nationally recognized, and regionally located CPA firms in the nation with offices in Atlanta, Birmingham and Memphis. Banks, Finley, White & Co. recognizes that the first step to providing quality services to its clients is to develop a leadership philosophy from the top of the organization that sets a tone for character, commitment and competence. The team’s senior leaders, with decades of experience, oversee a highly qualified staff that make up the balance of the engagement teams. Each regional office is headed by a Resident Partner. Mr. Ashby is the Resident Partner in Denver and he has the responsibility for all engagements accepted by that office. Each engagement is assigned a client service team that is comprised of an experienced partner and manager within the scope of the client’s portfolio of services. All engagements are administered in accordance with professional standards and are closely monitored for compliance with the Banks, Finley, White & Co. quality control policies and procedures.

Under the new umbrella of Banks, Finley, White and Co., Mr. Ashby will be in charge of a Colorado office that offers expanded services in:

  • Audit and Assurance
    • Governmental entity audits
      • General purpose financial statements
      • Uniform Guidance single audits
      • HUD audits
      • SOC 1 Reporting (Service Organization Control Reporting)
    • Employee benefits plan audits
      • Limited scope audits of qualified plans
      • Full scope audits of qualified plans
      • Required 11-K filings on plans of public companies with SEC
  • Accounting
    • Accounting system consultation
    • Accounting system design and implementation
    • Design and implementation of subsystems- accounts payable, accounts receivable,
      payroll and inventory
    • Depreciation and Amortization schedules
    • Design of financial statements and budgetary reports
    • Tax planning for income, sales and property
  • Advisory
    • Forensic Accounting and Litigation Support Services
    • General management and organizational planning
    • Computerized accounting systems
    • Management training
    • Development of accounting procedures and policies manuals
    • Financial planning and control systems
    • Compensation studies and incentive plans
    • Organizational reviews and analyses
    • Economic feasibility of projects and ventures
    • New business start-up advice and assistance
    • Mergers, acquisitions, reorganizations and liquidations
    • Consideration of rules and regulations applicability for various organizations
  • Tax
    • Tax return preparation and compliance- timely and accurately
    • Audit representation- appealing positions of taxing authorities, resolving tax notices and
      analyzing tax audits
    • Advance rulings- prepare documents to request and negotiate with IRS to facilitate
      decisions prior to financial transactions.
    • Tax consultation on business transactions including mergers, reorganizations and
      acquisitions
    • Exempt organization services, including applications for exempt status advance rulings
    • Estate and Trust planning
    • State and local tax consulting

Mr. Ashby has been a resident of Colorado since 1964. He has been involved in numerous community boards, events and activities during his professional career. He is currently the Treasurer and chair of the Colorado Golf Association’s Finance Committee and a member of the board of the Denver Rotary (31). Mr. Ashby has served as a board member with Denver Kids and Denver Chamber of Commerce and served as the treasurer for the Denver Rotary Foundation. He also participated in the Leadership Denver Program, and is actively involved in his house of worship, Colorado Community Church. Lucius and his wife Victoria have been married for 35 years. He is thrilled to begin this next chapter as proud member of the Denver community.

Lucius Ashby, CPA
Partner
Banks, Finley, White & Co.
Certified Public Accountants
925 South Niagara, Suite 240
Denver, Colorado 80224

303-825-4072
lashby@bfwcpa.com

Media contact:
Jeff Howard
Gomez Howard Group
303.513.1628
jeff@gomezhowardgroup.com

Banks, Finley White & Co. Receives Highest Possible Grade On Peer Review

Birmingham, Alabama

November 5, 2015

BANKS, FINLEY, WHITE & CO., CPAs announced today that it has successfully completed an independent review of its accounting and auditing practice. The reviewers concluded that the firm complies with the stringent quality control standards set by the American Institute of Certified Public Accountants (AICPA), the national organization of CPAs, and awarded it the highest possible grade, an unmodified opinion. Peer reviews are required every three years for membership in the Center for Audit Quality (CAQ) of the AICPA. BANKS, FINLEY, WHITE & CO., is a Registered Accounting Firm with the Public Company Accounting Oversight Board (PCAOB), as well as a member of the Governmental Audit Quality Center (GAQC), the Employee Benefit Plan Audit Quality Center (EBPAQC) and the Private Companies Practice Section (PCPS), according to James C. White, Sr., BANKS, FINLEY, WHITE & CO.’S Managing Partner.

BANKS, FINLEY, WHITE & CO., who will celebrate 43 years of practice on May 26, is a regional CPA firm with offices in Birmingham, Alabama (home office); Atlanta, Georgia; Jackson, Mississippi; and Memphis, Tennessee. It was founded in 1973 and has more than 60 employees on its staff.

The peer review was conducted by Fowler, Holley, Rambo & Stalvey, P.C. The reviewers made an independent assessment of the firm’s quality control policies and procedures and inspected the working papers and reports on a representative sample of accounting and auditing engagements. The reviewer’s report was accepted by the National Peer Review Committee and placed in the public files maintained at the AICPA.

White said, “Each of our peer reviews has resulted in the highest possible grade. This is further testimony to our continuing commitment to quality work and our forward-looking efforts in maintaining a sound quality control system.”

BFW Receives City of Houston, Texas “Professional Services Contractor of the Year” Award

The City of Houston’s Office of Business Opportunity Advisory Board selected Banks, Finley, White & Co. to be the recipient of the Professional Services Contractor of the Year Award. The award, which was presented to the firm at the Champions of Diversity Awards Ceremony on December 8, 2016, was accepted by Atlanta Office Partner Gregory C. Ellison, Sr., CPA. The Awards Ceremony honored Minority, Women, Small Business contractors who have been true champions in exemplifying commitment and excellence for professional services provided in the City of Houston and its surrounding communities. In accepting the award, Mr. Ellison acknowledged “the Firm’s commitment to excellence over the years has allowed us to provide quality service to local governments throughout the southeastern United States and now in Houston.”

Banks, Finley, White & Co. Receives Highest Possible Grade On PCAOB Inspection

On July 28, 2016, BANKS, FINLEY, WHITE & CO., CPAs, received a Report of Inspection from the Public Company Accounting Oversight Board, (PCAOB) to convey the results of their recent inspection of the firm, announced James C. White, Jr., BANKS, FINLEY, WHITE & CO.’S Managing Partner.

“We are extremely pleased that the PCAOB, and its inspection team, did not identify any performance issues connected with the audits we conducted on issuers, nor any quality control defects in our quality control system,” White said. “To receive this type of report, without any comments, is a milestone achievement for a public accounting firm. It is a testimony to the commitment and dedication of our partners and staff to fulfilling the expectations of the public of our firm to produce quality audits,” he said.

The PCAOB was established as the result of the Sarbanes-Oxley Act of 2002. The Act authorized the PCAOB to establish auditing and related attestation, quality control, ethics, and independence standards to be used by registered public accounting firms in the preparation and issuance of audit reports for entities subject to the Act or the rules of the Securities and Exchange Commission (SEC).

BANKS, FINLEY, WHITE & CO., was founded in 1973 and is a regional firm with offices in Birmingham, Alabama (home office); Atlanta, Georgia; Jackson, Mississippi; and Memphis, Tennessee. It is one of the largest minority-owned CPA firms in the country and among the top 25% of all CPA firms in America. White said, “We, here at BANKS, FINLEY, WHITE & CO., are extremely proud of our record of performing quality services to our clients and the public. We have received the highest possible grade on all reviews of our practice operations, which include peer reviews and this PCAOB, Reports of Inspection.”