BLOOMFIELD HILLS, Mich., Oct. 21, 2004 (PRIMEZONE) -- Cendrowski Corporate Advisors (CCA), experts in fraud-deterrence, and Ohio-based Bruner-Cox LLP, business consultants and certified public accountants, have formed a joint venture to provide corporate financial and fraud-deterrence services to public and private businesses in the State of Ohio.
Fraud detection, investigation, internal audit and Sarbanes-Oxley compliance will be the focus for the joint venture, which will operate under the name of Bruner-Cox Corporate Advisors LLC.
"Strong corporate governance is a key component in creating and maintaining stakeholder value," says Harry Cendrowski, president of CCA. "Investors, audit committees and other stakeholders need assurance of the integrity of a company's management and its financial reporting procedures."
Ron Manse, managing partner of Bruner-Cox, notes that "CCA's deep business process expertise will supplement our current offerings, enabling us to better serve our clients. This alliance also will give both companies a competitive advantage in attracting new business."
CCA and its affiliate companies have been providing fraud deterrence and related services since 1984.
In 2003, Cendrowski and CCA senior manager Jim Martin developed and licensed the training program for the Certified Fraud Deterrence (CFD) Analyst professional designation offered by the National Association of Certified Valuation Analysts (NACVA). The CFD program is the first new fraud designation by any national professional organization in the past 20 years.
The objectives of the training program mirror those of the Sarbanes-Oxley Act as well as recent statements by Securities and Exchange Commission leaders about proactive deterrence of fraud for both private and public companies. The CFD program includes 40 hours of classroom instruction, an eight-hour exam and a comprehensive written case analysis incorporating CCA's unique proactive measures to deter fraud in an organization. The fraud-deterrence training program is now offered across the country and attended by professionals from corporate, private, government and non-profit organizations.
With offices in Akron and Canton, Bruner-Cox LLP is a full-service accounting and business-consulting firm serving Northeast Ohio since 1925. Bruner-Cox LLP provides industry-specific services to the manufacturing/wholesale-distribution, health care, not-for-profit and construction industries. As a regionally-exclusive member of the RSM McGladrey Network, Bruner-Cox offers clients the best of both worlds -- the close, personal relationship of a local firm, with the depth of national and international resources. Additional information is available at www.brunercox.com.
Cendrowski Corporate Advisors provides consulting services to private, public and non-profit organizations, including forensic accounting; internal control assessment and fraud deterrence; fraud investigation and remediation; expert witness; fraud deterrence training & education; business valuation; risk assessment; operational review; litigation support; internal audit; business continuity planning, and bankruptcy and fiduciary. Additional information is available at www.frauddeterrence.com.