CPAs & Consultants Trusted Financial Partner
Helping you make informed financial decisions
About Chukwuma, CPAs & Consultants LLC
Trusted by businesses
For over 15 years, Chukwuma, CPAs & Consultants LLC has been the premier choice for businesses seeking outstanding accounting services. Our clients trust our expertise to manage their finances accurately and confidently. We take great pride in our esteemed reputation for excellence within the accounting industry.
As a full-service CPA firm, Chukwuma, CPAs offers specialized services, including audit and assurance, risk mitigation, financial advisory, and tax solutions. We cater to not-for-profit organizations, government agencies, partnerships, and corporate sectors, proudly partnering with clients like RICH, Inc., Heart Smile, Inc., Citywide Youth Development, Inc.., and KEYS Develoment, LLC. to enhance their financial health and operational efficiency.
Our Mission: A thorough audit is crucial for maintaining trust with stakeholders and funding partners. Our mission is to empower organizations across the Northeast to achieve the highest levels of financial accountability. With our expert services, clients ensure compliance and gain insights to implement strategic improvements that enhance operations and strengthen their reputation.
Our Vision:
We see ourselves as more than auditors—we are dedicated strategic partners in your success. Through comprehensive audits, we identify your organization’s strengths and areas for growth, helping you fine-tune operations and unlock your full potential.
Audit Approach and Methodology
We conduct our audits following Generally Accepted Auditing Standards (GAAS) in the United States. These standards guide us in planning and performing each audit to provide reasonable assurance that your financial statements are free from material misstatement.
Our audit approach involves procedures to gather evidence supporting the amounts and disclosures in the financial statements. These procedures are carefully selected based on the auditor’s professional judgment and include assessing risks of material misstatement, whether due to fraud or error. Additionally, our audit evaluates the suitability of accounting policies, the reasonableness of significant estimates made by management, and the overall presentation of the financial statements.
Limitations of the Audit
Despite a well-planned and executed audit according to GAAS, inherent limitations exist in the audit process and internal controls, meaning there is an unavoidable risk that some material misstatements may go undetected.
Who we are
Chukwuma, CPAs, and Consultants LLC stands out as more than a traditional accounting firm; it's a partner deeply invested in the success and growth of its clients. The firm combines financial expertise with a strategic vision, offering services that go beyond compliance to drive meaningful business insights. With a strong focus on proactive advice, Chukwuma, CPAs, and Consultants helps clients navigate complex financial landscapes, make informed decisions, and build resilient, forward-thinking organizations. This commitment to a holistic approach reflects the firm’s belief that accounting is as much about understanding people and goals as it is about numbers and reports. business here.
Our Experience
Ernest C. Chukwuma, CPA, CGMA, CFF, CISA, CGFM
Position: Managing Partner
Ernest brings over 30 years of progressive experience in financial management, accounting, and auditing, specializing in compliance with GAAP, GASB, and FASB standards. He holds active CPA licenses in New York and Maryland and multiple certifications, including Chartered Global Management Accountant (CGMA), Certified in Financial Forensics (CFF), Certified Government Financial Manager (CGFM), and Certified Information Systems Auditor (CISA).
Ernest has an extensive background in financial statement preparation, budgeting, corporate taxation, payroll, grant management, and IT systems integration for public and private organizations. He has worked with entities like the Maryland Transportation Authority, Baltimore County, and the District of Columbia's Office of Budget and Planning.
With a Master's and a Bachelor of Science in Accounting degree from Lehman College of the City University of New York and a passion for operational efficiency, Ernest excels in implementing innovative financial solutions, developing robust internal controls, and driving compliance across organizations. He is proficient in leading-edge software, including Workday ERP, Oracle, and Hyperion Budget Management Systems, ensuring seamless technology integration into accounting practices.
Our Services
1. Tax Planning and Preparation (Businesses Only)
We offer comprehensive tax preparation services for individuals and businesses. Our team stays up-to-date with all tax laws and regulations to ensure you receive the maximum refund possible.
- Federal and State Tax Returns for businesses, and nonprofit Organizations
- Tax Compliance and Consulting
- Estate and Gift Tax Planning
2. Auditing and Assurance
Our audit services help you ensure your financial statements are accurate and comply with all accounting standards. We have extensive experience conducting audits for businesses of all sizes.
- Financial Statement Audits
- Internal Audit Services
- Compliance Audits
- Agreed-Upon Procedures
3. Business Advisory and Financial Planning
We offer personalized financial planning services to help you reach your financial goals. Our team takes a holistic approach to financial planning, considering all aspects of your financial situation.
- Strategic Financial Planning
- Budgeting and Cash Flow Management
4. Accounting and Bookkeeping
Financial Accounting Standard Board (FASB), and Government Accounting Standard Board Pronouncement Implementations.
- General Bookkeeping Services
- Monthly, Quarterly, and Yearly Reporting
- Payroll Processing
- QuickBooks
5. Business Consulting
Our business consulting services help you improve your business operations and increase profitability. We offer customized solutions tailored to your specific business needs.
- Fund Accounting Services
- Grant Compliance and Reporting
- Financial Sustainability Consulting
- Business Start-up
6. Compliance and Risk Management
All Federal, State, and Local Compliances Reporting.
- Regulatory Compliance Assistance
- Risk Assessment and Mitigation Planning
- Fraud Prevention Services