OUR PROFESSIONALS

MEMBER OF FRYE & WOLCOTT, CPAs NAMED "SUPER CPA'' IN VIRGINIA BUSINESS MAGAZINE... (Press Release)

Mark Frye, CPA, CGFM

Mr. Frye was an Audit Manager with the Association Services Group of Johnson Lambert & Company, which specialized in providing accounting, auditing, tax and consulting services to not-for-profit trade associations. With a diverse background that includes extensive experience with for-profit entities, Mr. Frye is also familiar with large Federal Government entities. Additionally, he has knowledge of Federal and state tax requirements, and since many of his clients receive a substantial amount of Federal funds, he has experience with the Office of Management and Budget (OMB) Circular A-133 audit and reporting compliance requirements.

Mr. Frye graduated summa cum laude with a Bachelor of Science degree in Accounting from Liberty University in Lynchburg, Virginia and previously taught as an adjunct professor at Strayer University in Manassas, Virginia. He is a Certified Public Accountant (CPA) and Certified Government Financial Manager (CGFM) and a member of both the American Institute of CPAs (AICPA) and the Association of Government Accountants (AGA).

Prior to Johnson Lambert & Company, Mr. Frye was an Audit Supervisor with Feddeman & Company; another local firm dedicated to providing first-class financial management services to not-for-profit trade Associations. While at Feddeman & Company, he managed numerous audits, tax and consulting engagements, including audits of related educational foundations, retirement trust funds, for-profit subsidiaries, partnerships and executive benefits.

Previously, Mr. Frye worked as a Consultant for Booz|Allen|Hamilton and as an Audit Senior for the Naval Audit Service. In these positions, he provided financial auditing and management consulting services to large Federal Government agencies and participated in the first-ever audit of the Department of the Navy’s (DoN) agency-wide financial statements.

His specific assignments included a consulting engagement to re-engineer the Naval Supply System Command’s financial accounting system, which is used to report financial data on the Navy’s enormous supply inventory. Additionally, Mr. Frye completed the first audit of the Naval Air System Command’s financial statements and made numerous recommendations to improve the Navy’s financial reporting of aircraft and air-maintenance support equipment.

PROFESSIONAL PROFILE

Bruce Wolcott, CPA, CVA

Bruce Wolcott is a member of the F&W executive committee and small business services group. While his executive committee responsibilities focus primarily on matching client issues with our professional personnel development, his day-to-day capacity puts him directly in front of clients as a business coach sharing ideas and experiences with clientele and individuals in many different industries. Mr. Wolcott brings many years of financial, accounting systems and tax expertise to our small business practice.

Mr. Wolcott has a Bachelor of Science degree with a major in accounting and minor in social studies from Bob Jones University in Greenville, South Carolina. Mr. Wolcott’s public accounting career started with audits of non-profit charitable organizations and associations. Mr. Wolcott’s most recent emphasis has been on small businesses and their issues and tax concerns. From this experience, Mr. Wolcott has helped businesses define their objectives related to management, operating structure, and operating activities of non-profit and for-profit organizations.

Mr. Wolcott has assisted many small businesses in setup and analysis of accounting software systems. Important to any business or non-profit organization is the information available for business decisions. Mr. Wolcott has helped business owners and managers define the information necessary for operating effectively and efficiently. Additionally, he is an instructor for our QuickBooks accounting seminars. Mr. Wolcott works closely with many clients at their locations, using various accounting systems. His diverse experience gives our clients informative feedback and system expertise to get the job done.

Mr. Wolcott’s focus on small businesses has led him to pursue the designation of Certified Valuation Analyst, which qualifies him to perform valuations of business entities or segments.