The partnership of Lerch, Vinci & Higgins, LLP (L V & H) was formed in 1990 for the purpose of devoting our specialized and extensive experience to better serve governmental and nonprofit entities. L V & H presently represents over 150 governmental and nonprofit entities, including over forty municipalities, over seventy-five school districts, and numerous authorities and redevelopment agencies, as well as not for profit corporations.
Our professional staff is both highly skilled and highly motivated. The firm has approximately forty professionals, consisting of twelve Certified Public Accountants and Public School Accountants, eight of whom are Registered Municipal Accountants as well. This complement of licensed professionals enables our firm to provide our clients with the timely and in-depth responsiveness they expect and deserve. Our approach to accounting and auditing is management-oriented. We concentrate on maintaining a close and constructive relationship with our clients throughout the year.
All L V & H professional staff are provided continuing professional education in order to meet the Government Auditing Standards requirements promulgated by the United States General Accounting Office, which requires at least 24 hours of training in the governmental environment and government auditing subjects out of the 80 hours required in each biennial period. All of the present staff meet the requirements for continuing education.
The firm is a member of the American Institute of Certified Public Accountants, and as a requirement of membership, must undergo a Peer Review every three years. The review is conducted by an independent certified public accounting firm and includes an extensive review of our audit work papers, audit reports and internal quality control policies to ensure that we are adhering to the professional standards of the industry.
The firm completed the required Quality Review in March 2013 and was successful once again in obtaining an unqualified opinion.
Most of the Certified Public Accountants of the firm are members of the American Institute of CPA’s as well as members of the New Jersey Society of CPA’s. Several members of the staff are also members of the Government Finance Officers Association (GFOA). In addition, certain firm staff are members of the New Jersey Association of School Business Officials and other professional organizations such as the AICPA Management Consulting Services Section, the New Jersey State Society of CPA’s Governmental Accounting and Auditing Committee, and the Special Review Committee of the Government Finance Officers Association and Association of School Business Officials International.
The firm is a recognized expert in providing auditing services of state and federal grant programs in accordance with U.S. generally accepted auditing standards; the standards for financial audits contained in Government Auditing Standards, issued by the Comptroller General of the United States; the Single Audit Act as amended, the provisions of OMB Circular A-133 and New Jersey Circular 04-04.
Our Management Advisory Department has extensive experience in providing governmental entities services in developing accounting policies and procedures, expert testimony before regulatory agencies, assistance in labor negotiations, assistance to clients in the implementation of GASB 34 and the preparation of the Comprehensive Annual Financial Report.
Lerch, Vinci & Higgins LLP is in the forefront of all financing aspects with respect to redevelopment projects throughout the State of New Jersey. The firm has participated in complex financial transactions for both public and private redevelopment projects.
Our firm has assisted several school districts in completing a Comprehensive Annual Financial Report (CAFR) for submission to the Government Finance Officers Association (GFOA) and Association of School Business Officials International (ASBO) financial reporting award programs. The reports met the qualifications and were awarded the Certificate of Achievement in Financial Reporting by the GFOA and ASBO, which is the highest form of recognition in government accounting and financial reporting. We subsequently assisted two of these districts in the completion of a Popular Annual Financial Report (PAFR), which resulted in awards for Outstanding Achievement.
17-17 Route 208
Fair Lawn, NJ 07410
Telephone: (201) 791-7100
Facsimile: (201) 791-3035