Business View Magazine | September 2020

133 BUSINESS VIEW MAGAZINE SEPTEMBER 2020 CAL I BRE CPA GROUP PLLC better prepared for their audit and also know that their internal financial reporting is accurate and reliable for their decision making, as well as budgeting and forecasting cash flow. Helping non-profit clients properly account for grants they receive and be in compliance with grant funding requirements is another extension of Calibre’s value-added services to the client relationship. “ While Calibre’s expertise is in working with non- profits, including trade associations, charitable organizations, labor organizations, employee benefit plans, and educational organizations, the firm does have a separate tax practice that deals with commercial entities, in the real estate industry, professional firms (law, etc.), and various types of corporate clients. As for marketing, the majority of growth comes from word-of-mouth and referrals from current clients who work within their network of other non-profit leaders. Technology is at the top of the firm’s strategic plans and one of the major challenges in the industry for CPA firms. Kokolas attests, “There are a lot of data analytics used in auditing processes and a more widespread use of artificial intelligence may be seen in the foreseeable future. Three to five years from now, the auditing and accounting environment may be very different and it’s important for us to proactively stay on top of that through various programs we use internally and alliances with strategic partners. Technology is critical both from a client standpoint and making sure our staff are adequately trained. Computer assisted audit techniques over the coming years will impact our industry and we need to be at the forefront. That also goes to capital investment – we’re expanding our IT group, and cyber security is increasingly critical.” As to the key reasons behind Calibre CPA Group’s continued success, Kokolas says, “Our clients and culture are important factors. Staff are able to work with a mixture of large and small Charity Event (New York Office)