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Peach State FCU Selects PKM Audit Services to Evaluate Financial Reporting and Internal Controls

By The Associated Press

ATLANTA--(BUSINESS WIRE)--Oct 24, 2017--Porter Keadle Moore (PKM) announced that Lawrenceville, Ga.-based, Peach State Federal Credit Union ($355 million in assets), is leveraging the firm’s audit services to evaluate its internal accounting procedures and operational controls. PKM is an accounting and advisory firm that serves public and private financial institutions, insurers, technology companies and entrepreneurial small businesses.

Peach State FCU has undergone significant growth in both its operational footprint and membership size and required an experienced accounting and auditing firm to evaluate its internal controls and ensure they were scaling appropriately. After careful evaluation of multiple firms, Peach State FCU selected PKM to conduct its annual audits to certify the credit union’s financial statements for regulators, and its outsourced internal audit and regulatory compliance services to assess internal controls and compliance with regulations. Additionally, the credit union will also utilize PKM’s 401(k) Plan audit services to reinforce its commitment to its employee’s future benefits.

“We chose to work with PKM not only because they are experienced in working with credit unions, but because, like us, they are a Georgia-based business and one that is capable of supporting our growth as we continue to expand,” said Michael Santoro, CFO for Peach State FCU.

“It’s an honor to work with a local credit union like Peach State FCU to help it better serve its member-owners and support its efforts to provide meaningful financial services to members of our community,” said Phil Moore, managing partner of PKM.

About PKM

Founded in 1977, Porter Keadle Moore (PKM) has established itself as a respected accounting and advisory firm serving public and private organizations in the financial services, insurance and technology industries as well as a diverse group of entrepreneurial small business clients. At PKM, we provide holistic and growth-driven financial solutions built on a deep understanding of our clients' businesses. The firm is proud to represent more than 150 financial institutions and serve as the leading advisory firm serving the growing craft brewery industry. For more information, visit  www.pkm.com, call 404-588-4200 or follow us on LinkedIn, Facebook and Twitter.

View source version on businesswire.com:http://www.businesswire.com/news/home/20171024005276/en/

CONTACT: For PKM

Jacob Hamilton, 678-781-7226

jacob@williammills.com

KEYWORD: UNITED STATES NORTH AMERICA GEORGIA

INDUSTRY KEYWORD: SMALL BUSINESS PROFESSIONAL SERVICES ACCOUNTING BANKING CONSULTING FINANCE INSURANCE

SOURCE: Porter Keadle Moore

Copyright Business Wire 2017.

PUB: 10/24/2017 09:00 AM/DISC: 10/24/2017 08:59 AM

http://www.businesswire.com/news/home/20171024005276/en

  • Associated Categories: Associated Press (AP), AP Business, AP Online - Georgia News, AP Business Wire - Georgia, AP Business - Industries, AP Business - Financial Services
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