Carr, Riggs & Ingram, LLC

THE SCOOP

Moving on up

Carr, Riggs, & Ingram is an Alabama-based tax, auditing and consulting firm with offices throughout the Southeast.  In the past several years, the firm has made impressive strides in both its financial and geographic position.  CRI ranked No. 35 on Accounting Today's 2008 Top 100 Firms list, which ranks firms according to revenue.  To that end, CRI revenue increased 24 percent during its fiscal 2007.  It also has made significant gains in personnel, boosting headcount from 415 employees in March 2008 to nearly 480 (85 of which are partners) in October 2008.  CRI has offices in 17 different locations across the southeast, including offices in Georgia, Alabama, Florida, Mississippi and Tennessee.

CRI does business in eight different disciplines, including accounting and auditing, tax services, personal financial planning, litigation support, business consulting, technology consulting, peer review and human resources services.  The firm is further broken down into 14 industry lines, including financial institutions, real estate, transportation, utilities, agribusiness, health care, hospitality, construction, manufacturing, not-for-profit, homeowner associations, government, telecommunications and insurance.

Soaking up the Sunshine State

CRI strengthened its position in Florida by merging with Harper, Van Scoik & Company, one of the oldest accounting firms in the state.  The company sees its new partner as a crucial piece in its strategy to expand its presence along Florida's west coast.  Harper, Van Scoik & Company has been operating out of Tampa Bay since 1963 and is an active participant in the Florida community as a founding member of both the Outback Bowl and the Florida Aquarium.  As of October 1, 2008, Harper, Van Scoika's 50 employees are operating out of a new office under the CRI name.  This office brings firm's total number of offices in Florida to nine.

Our move into the Tampa Bay market was strategically planned to offer our current and new clients an unparalleled level of resources and services along Florida's west coast, said managing partner William H. Carr in a press release.  Now that the company has a significant presence in Florida, it has set its sights on further expansion in Texas and North Carolina. 

Alliances across America

Since 2005, CRI has been a member of Moore Stephens North America, a regional arm of Moore Stephens International.  As a member of the North American alliance, CRI is able to swap expertise and collaborate with other CPA firms in the U.S. and Canada.  Currently, Moore Stephens North America includes 35 accounting firms; the global group is 330 members strong.

CRI also maintains strategic alliances with Cougar Mountain Software, which provides accounting, fund and point of sale software; CRI Technology Solutions, which offers strategic technology planning and IT outsourcing from its base in northwest Florida; and Entercomp Consulting, a full-service IT consulting, IT audit, network integrator and Internet provider.

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About 55 percent of CRI's income comes from its audit business, which it has been providing for the more than 20 years.  CRI's accounting and auditing department provides audits, compilations, reviews of other accounting firms, and internal audits.  Its quality control program within its accounting and auditing department has been recognized by an "unqualified peer report," which stated that it had no comments whatsoever for the firm to improve its quality control.  This report places the company in the top 2 percent of all CPA firms nationwide for quality control. 

CRI is also registered with the Public Company Accounting Oversight Board and the AICPA's Center for Public Company Audit Firms.  Both memberships help the company maintain a high level of quality when auditing SEC regulated firms.

Many things to many people

After its merger with Harper, Van Scoik & Company, CRI estimates that it manages approximately 20,000 clients in the Southeast.  Though financial institutions may make up only 60 of those clients, they represent a huge chunk of CRI's business.  CRI's financial clients include banks, credit unions, finance companies, and mortgage companies have assets ranging from $10 million to $60 billion.  CRI also represents over 80 nonprofit organizations, giving it the status of the largest accounting firm for nonprofits in the Southeast. 

Scholar-in-residence

One of CRI's most unique assets is its "scholar-in-residence" program.  The firm currently has three scholars-in-residence, including its original scholar-in-residence Steve Grice, director of the School of Accountancy at Troy University.  Dr. Grice's initial role at the company was to provide oversight for the firm's accounting and auditing services, particularly in relation to local governments, where the standards and rules are constantly shifting.  CRI has worked with local governments with a diverse range of budgets, ranging from $100,000 to $150 million.  In the years that he has been a scholar-in-residence at CRI, Dr. Grice's expanded to include some oversight of quality control processes.  In October 2008, another of CRI's scholars, Dr. Tommie Singleton, was appointed to the American Institute of CPA's Information Technology Executive Committee for a three-year term.

 

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Carr, Riggs & Ingram, LLC


1117 Boll Weevil Circle
Enterprise, AL 36330
Phone: (334) 347-0088
Fax: (334) 347-7650
www.cricpa.com

STATS


  • Employer Type: Private
  • Executive Committee Chairman: William H. Carr
  • 2008 Employees: 480

Key Financials

  • 2008 Revenue: $54 million

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