Providing Innovative Solutions

Your organization will always need to provide third parties with financial information. Our range of services begins with auditing, accounting, tax planning and preparation. We do not stop with just the reports and tax returns – we interpret our findings to help you plan for the future.

You will benefit from our insight in various ways. For example, we can show you how to economize your operations. We will also develop strategies for minimizing future tax liabilities. That is what we mean by value-added.

Our award-winning workplace helps ensure that we’re able to retain the most talented professionals to support your business. Regardless of what services your company needs, our “not just the numbers approach” assures you we'll strive to meet and exceed your expectations. 

Our Services

Audit and Accounting Services

For more than 60 years, Ericksen Krentel has provided companies with audit, review and compilation services throughout the Greater New Orleans area. Our experienced business advisors provide timely, accurate and comprehensive audit and accounting services for private businesses and governmental agencies of all sizes. Our goal is to truly understand your business before we begin the audit process. We believe that a successful audit requires ongoing communication with our clients.

Business challenges today are more complex than ever before. Shifting tides of government regulations, emerging industries, and leapfrog technologies mean your business needs informed, responsive professional service advisors. Our audit and accounting professionals examine and attest to the financial performance of businesses. Beyond audit and review services, our clients may look to us for other services, such as assistance in merger due diligence, reviews of internal controls or performance reporting.

As an integral part of our services provided to our audit clients, Ericksen Krentel performs an internal controls review. Our evaluation of internal controls is designed to identify the areas of greatest risk — where controls are weak or missing altogether. We develop our plan to address these areas and reduce time spent in other non-critical areas. We utilize analytical procedures to determine whether a business’s trends are in line, not only with internal expectations, but with comparable organizations as well. Thus, issues can be addressed before they become costly problems. Ericksen Krentel believes strongly in the importance of structured systems and works with our clients in developing, implementing and integrating such systems. We would be available to assist in formulating or refining projections and implementing meaningful budgetary controls that can be used as operational tools.

Management Letter

Ericksen Krentel will prepare a Management Letter containing our specific recommendations and suggestions with regard to our client’s business. This Management Letter discusses internal controls, tax planning and other matters which we believe will increase the effectiveness and profitability of an organization.

We continue our communication throughout the year to correct potential weaknesses, maximize opportunities and assist with any internal problems management may have in implementing our recommendations. We believe this proactive advice to be one of the more important aspects of superior client service practices.

Our team is ready to assist you in the following areas:

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Business Consulting Services

Running a successful business requires a variety of skills, including the ability to assess both the longer-term big picture and the specific issues confronting your organization today. Because we take a personal interest in the success of both you and your business, we are always ready to provide additional assistance to maximize the results from your efforts. At Ericksen Krentel, we specialize in helping closely held businesses increase their efficiency and profitability.

We can help your start up enterprise or with an existing business implementing a business plan and assisting you in securing financing. We will provide ongoing support to ensure smooth execution of the plan. 

Our team is ready to assist you in the following areas:

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Forensic, Valuation & Litigation Services

We work with many types of organizations including public and private entities, nonprofit organizations, governmental entities and a variety of other industries. Our practice includes work with attorneys in both civil and criminal lawsuits.

Qualified Experts: We have experienced CPAs on staff accredited as Certified Valuation Analysts (CVAs). The rigorous educational requirements of the CVA designation combined with the experience as a CPA ensures that the services you receive are of the highest professional competency, thoroughness and accuracy.

Fraud and Forensic Investigating

Ericksen Krentel’s team of forensic accountants and certified fraud examiners conduct investigations to detect employee embezzlement, kickback schemes and financial statement fraud. Our firm is hired to document and quantify the losses that are incurred. We work with in-house counsel and outside counsel to assist in the recovery of lost assets and provide independent expert reports that can be utilized at trial or by the prosecutor’s office. In addition, we will provide expert witness testimony at trial to support our findings.

Divorce Services

In today’s complex environment, marital disputes sometimes result in litigation or threatened litigation, often involving accounting and financial issues. Ericksen Krentel has the experience and expertise to provide comprehensive analysis and reporting of the accounting and financial aspects involved, and  work closely with counsel through each step of the process, including settlement discussions and trial preparations. We utilize forensic accounting skills to investigate and uncover unreported income and hidden assets. We also provide written valuation reports for business ownership interests that are part of the marital estate.

Our team is ready to assist you in the following areas:

  • Business valuations
  • Fraud and forensic evaluations
  • Asset tracing
  • Income analysis
  • Net worth determinations 
  • Lifestyle analysis
  • Assistance in determining alimony and support awards
  • Participation in negotiations
  • Advice on economic and tax issues 
  • Trial testimony
  • Arbitration and mediation

Business Valuations

Ericksen Krentel has earned an excellent reputation for helping clients determine the value of their businesses, ownership interests and intangible assets for varied purposes including litigation, gift and estate planning, market transactions and financial reporting. 

Our team is ready to assist you in the following areas:

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General Accounting Services

Private Business Accounting & Advisory

Your organization may be growing rapidly or just starting out, be organizationally complex,or family-owned, whatever the size or complexity of your business, Ericksen Krentel tailors its role to meet your business goals. If you do not have an internal accounting group, we'll roll up our sleeves and work closely with you. If you have a strong internal accounting group, we'll provide the objective information and advice you require for informed and proactive decision-making.

Ericksen Krentel professionals can help you manage risk and advise you on financial reporting and controls, tax-saving strategies, business process improvements, and systems selection and implementation. You will get local, personalized and responsive service by dedicated professionals. Our team is passionate about helping businesses create actionable strategies that provide growth and focus on future goals. We serve the business, its owners and executives.

Our team is ready to assist you in the following areas:

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Information Technology Services

Better use of technology can lower costs and improve efficiency by increasing staff productivity and reducing staff levels, allowing you to reallocate resources to more strategic areas within your business. Our technology professionals can assist you in the implementation of your accounting systems. 

We have in depth knowledge of accounting software systems including but not limited to QuickBooks and Peachtree. Because we serve clients in a variety of different industries, our technology professionals can provide insight to help you make wise technology investments, maintain efficient operations and claim a competitive advantage in technology development.

Our team is ready to assist you in the following areas:

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Tax Services

Achieving tax savings is a universal financial goal. Ericksen Krentel provides tax consulting services for individuals and privately held businesses of all sizes throughout the Greater New Orleans area. Our taxation advisors are certified public accountants who help clients understand complex tax issues that affect their business. When tax burdens decrease your available financial resources, you need advice and guidance from financial professionals who know how to address tax challenges and seize tax-saving opportunities. We make sure companies comply with IRS regulations while taking advantage of all relevant tax benefits.

You can count on Ericksen Krentel for cost-effective tax advice, advocacy and action in the context of both your immediate and long-term personal and business objectives. We are business advisors experienced at serving the needs of a diverse client base, with an understanding of the issues faced by organizations ranging in size from start-ups to large corporations. Our individual, fiduciary and private foundation clients also cover a broad range of situations.

Our team is ready to assist you in the following areas:

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Trusts, Estates & Personal Financial Planning

Our Personal Financial Specialists (PFS) emphasize planning tailored to fit our client's needs. Because every individual is unique, each estate plan is, too. We educate our clients about tax and legal structures and advise them on how best to provide for their beneficiaries, while minimizing the tax consequences.

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