BKD Finance: A Comprehensive Overview

BKD, now known as FORVIS, was a leading professional services firm providing assurance, tax, and advisory services to a wide range of clients across the United States. While the BKD name is no longer in use, understanding its legacy provides context for FORVIS’s current operations and services, particularly in the realm of finance.

BKD’s finance-related services were extensive, catering to businesses of all sizes, from small startups to large corporations. Their core offerings centered around helping clients navigate the complexities of financial management, compliance, and growth.

Key Financial Services Offered by BKD (Now FORVIS):

Assurance Services: BKD was well-known for its independent audits of financial statements, providing stakeholders with confidence in the accuracy and reliability of reported financial information. This included audits of publicly traded companies, private businesses, and not-for-profit organizations. They also conducted reviews and compilations, offering varying levels of assurance depending on the client’s needs. Furthermore, they provided internal control assessments to identify and address weaknesses that could lead to financial misstatements.

Tax Services: Tax planning and compliance were integral parts of BKD’s service offerings. They assisted businesses with federal, state, and local tax matters, helping them minimize their tax liabilities and ensure compliance with ever-changing regulations. This encompassed income tax planning, international tax services, state and local tax (SALT) consulting, and tax credit optimization. BKD also provided individual tax services, including tax preparation and planning for high-net-worth individuals and families.

Advisory Services: Beyond traditional assurance and tax services, BKD offered a broad range of advisory services designed to help clients improve their financial performance and achieve their strategic goals. These services included:

Transaction Advisory: Assisting with mergers, acquisitions, and divestitures, including due diligence, valuation, and deal structuring.
Financial Planning & Analysis (FP&A): Helping businesses develop budgets, forecasts, and financial models to improve decision-making.
Risk Management: Identifying and mitigating financial risks, including cybersecurity risks and compliance risks.
Business Performance Improvement: Improving operational efficiency and profitability through process optimization and technology implementation.
Healthcare Consulting: Providing specialized financial and operational consulting services to healthcare organizations.
Forensic & Valuation Services: Offering expert testimony and valuation services in legal and financial disputes.

Industry Specialization: BKD distinguished itself by developing deep expertise in specific industries, including healthcare, financial services, manufacturing, construction, and not-for-profit organizations. This industry focus allowed them to provide tailored solutions and insights that addressed the unique challenges and opportunities faced by clients in each sector.

In conclusion, while the BKD name has evolved into FORVIS, the firm’s commitment to providing comprehensive financial services remains unchanged. Its legacy of excellence in assurance, tax, and advisory services continues to shape its approach to helping clients navigate the complexities of the financial landscape and achieve their business objectives. FORVIS continues to build on BKD’s foundation, providing similar and expanded services to clients across the nation.