Teal, Becker & Chiaramonte CPAs, PC, an accounting and advisory firm, and Ferraro, Amodio & Zarecki CPAs, a boutique forensic accounting firm at 18 Division St., Saratoga Springs, have announced a strategic alliance designed to provide their respective Capital Region clients and contacts with expanded service offerings.
TBC and FAZ will remain independent organizations as they pursue a set of agreed upon objectives to ensure a successful relationship, firm officials said.
“We are excited to join forces with FAZ to bring premier forensic accounting and fraud prevention services to our clients, COIs and referral sources,” TBC Managing Partner Jim Drislane said. “For decades, the FAZ team members have served as valued consultants and forensic experts for attorneys, insurance companies, corporate clients, not-for-profits and governmental entities. They have built a strong reputation specializing in forensics. Working with a well-established player like FAZ will only enhance our ability to serve clients.”
“Aligning with TBC gives us a wider platform, expanded resources and proven expertise in many industries for enhanced performance on our forensic accounting engagements,” FAZ partner Stephen Ferraro said. “TBC has a stellar 50-year standing as the premiere accounting and advisory firm in the Capital Region. They take every opportunity to go beyond what is expected of an established CPA firm to deliver superior and expanded services to clients. Their integrity, outstanding culture and well-earned reputation as a great place to work provides us with considerable confidence that our alliance will be successful on many levels.”
With over 50 CPAs, TBC is an independent member of CPAmerica International. CPAmerica, as a member of Crowe Horwath International, is one of the largest associations of independently owned and managed CPA and consulting firms in the world, based on annual revenue of member firms. Together, the combined annual revenue of CPAmerica and Crowe Horwath International firms is $3.1 billion.
FAZ is a boutique forensic accounting firm committed to helping attorneys, claims professionals, business owners and others. They help resolve financial disputes, conduct fraud and financial investigations, quantify economic damages and calculate business value. Headquartered in Saratoga Springs, FAZ also has a presence in Boston and New York City.
In addition, they bring many years of technical knowledge and supporting expertise in areas such as legal principles, deposition assistance, litigation, expert testimony, auditing, tax and property and casualty insurance.