A commitment to high audit quality

Our top priority is to deliver high-quality PCAOB audit services to our clients in an era of rapid change. We are committed to our important role in the U.S. public capital markets and delivering high-quality audit services. We aim to provide our clients with confidence in their accurate, objective, and compliant financial reporting, and observe that they maintain transparency, manage risks, and provide all relevant and material information to users of their financial statements. 

Client acceptance

CohnReznick performs PCAOB audits on middle-market commercial entities, real estate funds, and registered investment companies that either have periodic reporting obligations with the SEC or are considering an initial public offering (IPO) registered with the SEC. The firm also accepts in its SEC audit practice commercial entities and real estate funds that need PCAOB audit reports because they are considering alternatives to traditional IPOs such as a direct listing in the U.S., a reverse merger with an SEC registrant, or a de-SPAC transaction.

The firm currently does not accept into its SEC audit practice SPACs, SEC-registered shells, or commercial entities that conduct more than 50% of their operations outside the U.S., Canada, and Europe. Entities with significant operations outside these jurisdictions may consider a Nexia affiliate firm .

We are a member of Nexia, which in 2022 had revenue of more than $2.8 billion and operated through 608 offices and more than 250 member firms in over 122 countries. Through this relationship, we extend our services to international enterprises, accessing more than 25,000 people who are familiar with the cultural foundations and market conditions in their respective countries.

Approach to audit project management

Our SEC practice audit partners are positioned to provide technical excellence and are well-versed in the business dynamics of the industries they serve. They are also committed to developing our professional staff and executing high-quality audits through intense focus on team-level collaboration and consultation with our National Assurance subject matter experts and quality control resources. While the lead audit engagement partner with signing authority is ultimately responsible for assigning appropriate staff to their PCAOB audit engagement, office managing partners and the Resourcing function of People and Culture help the lead partner by prioritizing the staffing of PCAOB audits, while the National Director of SEC Practice monitors that the assignments are adequate to complete such audits with high quality while meeting the relevant SEC reporting deadline.