Hilltop Accounting is a AICPA and Virginia state registered CPA firm. We provide services to companies of all sizes and industry types. Hilltop Accounting has five main lines of business: CFO and Controller services, fraud investigations and vulnerability assessments, litigation support, special reviews and accounting systems.
Our CFO/Controller services are targeted to small and medium sized companies that need some higher-level experience (but often do not need a full-time resource). These services include providing business plans and budgets, cost accounting (Federal contracts and business costing), forecasts for operational results and cashflows/liquidity of our clients’ business, for calculations of damages, penalties or settlements, valuation and accounting technical advisory needs. Companies that are reporting to shareholders, regulators, lenders, etc. may also need help on financial reporting (especially companies that are considering public debt or equity offerings. Given our financial services experience, we can also assist a client with lenders’ credit applications and disclosures (both at time of the loan application as well as ongoing annual reporting). Our team has a strong audit background which facilitates our ability to assist with audit preparation, accounting discussions with the auditor or assistance with assembling the financial statements. Our resources are either CPAs or very experienced accountants and have performed such services for other companies.
Fraud investigations and vulnerability assessments are a key part of our overall business. Given the number of frauds that occur in the financial services industry, our Fraud team has worked with our industry accountants/consultants on such engagements. Hilltop has deep experience with conducting vulnerability assessments. If a fraud is suspected, we can immediately but discretely execute our fraud investigation protocols. The fraud process includes calculating the amount of fraud loss/damages that resulted from the identified fraud. Our controls consulting team usually will assist with identifying the control weaknesses related to the suspected fraud and establish “remediation” efforts to ensure no further fraud damages can occur. We have worked with many law enforcement agencies and technology providers (who typically are prepared to copy/review all systems data, email, paper, etc.). Our Fraud team can also help a company with the design, implementation and execution of fraud preventive and detective controls.
Hilltop’s litigation support can include helping identify data, documents, technology and people that Counsel should consider in preparing for the litigation effort. We can also simply provide financial and operational consultants to assist the client with gathering and analyzing information that will support their case. We can assist a client with research, analysis and “special procedures” that may support a particular point to be made by counsel. Litigation support also includes Hilltop providing Expert testimony and/or critique of the opposing side’s Expert report and testimony. Hilltop’s Expert capabilities are to provide Expert reports and testimony for industry focused expertise, accounting, audit, controls, fraud, regulatory compliance and calculations (damages and other required calculations).
Special reviews are provided when a client has a compliance, contractual or other requirement for an independent review to be completed. Circumstances requiring such special reviews can include, but not be limited to: regulatory requirements, contract compliance, calculational accuracy of data or reports provided by our client to third parties, incentive compensation calculations, earn-out payments to previous sellers under a purchase agreement, purchase price adjustments, etc. Reviews may also include assessing the design of financial and operating controls, performing controls testing and reporting results to Management or the Board/Audit Committee. Special reviews may also be conducted by Hilltop as part of a Client’s Internal Audit efforts (especially if industry expertise is required).
Hilltop’s consulting team assists our accountants with identifying/documenting business requirements when a client is interested in a new Accounting systems. We can create the system Request for Proposal, conduct the vendor selection and help with the implementation or configuration of the chosen accounting and other financial systems (most systems all require transfer of data from the old to new system, require selection of settings, set up reports, etc. in this stage of the new system implementation).
Our Services are described in more detail in that section of our website. Please contact Hilltop if there is a need that you have that is not listed as we may be able to assist.