Providing audit, tax, internal audit, loan review and general consulting services to financial institutions.
JPMS Cox, PLLC serves a number of financial institutions throughout Arkansas. Through our many years of experience in the financial institution industry, we have the combination of technical background and industry expertise that makes us among the best suited firms in the state to serve all types of financial institutions. Our clients rely on us to provide timely, relevant, and technically sound professional services. We understand the challenges financial institutions face in today’s economic environment, and we strive to be a resource to our clients by helping them accomplish their strategic objectives.
Our firm is a part of RSM US Alliance, led by RSM US LLP, the fifth largest accounting firm in the nation. RSM US LLP has one of the largest community bank client bases in the world, so the relevant industry expertise available to us through our affiliation with RSM US is truly a valuable resource. Our affiliation with RSM US Alliance allows us to offer the personalized delivery service and responsiveness to your needs characterized by a local firm, combined with the extensive resources and collective expertise offered by a national firm.
JPMS Cox, PLLC performs audit, tax, internal audit, loan review and general consulting services, as needed, to our financial institution clients. We serve banks and savings institutions, trust organizations, mortgage companies and finance and leasing companies. Our clients range from small closely held community banks to large publicly traded institutions.
Our firm’s audit methodology utilizes a risk-based approach involving techniques that meet or exceed the auditing standards governing our profession. We are experienced in the broad array of accounting and auditing issues that are regularly faced by banks, including HUD compliance audits, integrated audits under FDICIA, business combinations, and the financial institution industry-specific accounting standards.
We are well equipped to serve as tax consultants and tax preparers for most financial institutions. Financial institutions often have unique tax issues that require a team of experienced professionals to not only prepare the tax returns but also consult and advise throughout the year.
In addition to traditional audit and tax services, we provide outsourced internal audit services to a number of community banks throughout Arkansas. Many community banks find outsourcing the internal audit function to be a cost efficient alternative to hiring an in-house internal auditor. Our internal audit assistance is designed to provide management and the Board of Directors with feedback on a bank’s accounting system, compliance with policies and procedures, quality and effectiveness of internal controls, and subsequent follow up with management on the implementations of our recommendations. We design customized internal audit programs based on the specific situations of each of our clients.
The number and complexity of financial and accounting challenges faced by financial institutions has grown significantly in recent years. Whether our clients are involved in a business combination, undergoing an IRS examination, facing regulatory scrutiny, implementing a new accounting standard, working out underperforming assets, or working to improve earnings or increase capital, our team of industry specialists has the experience necessary to understand and assist in working through any challenge faced by financial institutions in today’s complex environment.