Accounting Firms
River Oaks has teamed with CPAs for the specific purpose of helping local government clients ensure that they are receiving the franchise fees to which they are entitled under federal law. CPAs like other professionals have areas of specialization. In particular, a certain expertise is required to successfully audit cable franchise fee payments. Each situation is unique. In one instance, an audit may be required, while in another, a one year agreed-upon procedures review may be sufficient.
The CPAs will need to familiarize themselves with the underlying documents and the cable companies' financial records. Often times it becomes necessary for the CPA to send additional follow-up questions to the cable company to gather the necessary financial information.
We work closely with accounting professionals to properly interpret the Franchise documents so that an accurate determination can be made as to whether or not a local government is receiving the monies to which it is entitled. We have successfully deployed this methodology on a teaming basis and will continue to do so on behalf of our public sector clients.
