Dear CCG,

I just want to thank you for the audits you have performed for our company. We have learned of areas where we could strengthen our internal controls and save thousands of dollars. You perform a valuable service and we appreciate our association with your company.

This has helped our company to do a better job of managing our day to day operations with our capable office staff. We have learned to be better at our daily tasks by utilizing some of the techniques your employees have introduced us to.

Once again, thanks for a great job and we look forward to continuing our relationship in the future.

Regards,


Walter Bost
Director of Finance
Sherrill Furniture



Capital Conservation Group performed an AP audit for us in December 2009. The auditors were very professional, courteous, thorough and sensitive to the needs of Huttig and to my vendors. The entire experience was very positive. I would definitely recommend them to any potential customer and without a doubt, would have them return to Huttig for a future audit.

Sheryl Munz
Huttig Building Products Inc
St. Louis, MO



To Whom It May Concern,

Capital Conservation Group, Inc. performed an audit of the 2005 & 2006 Accounts Payable records of CHF Industries, Inc. In performing their audit, Capital Conservation Group was very professional and in no way intruded on the day to day operations of our Accounting Department. I believe that their auditor was thorough and knowledgeable in the areas of disbursement control and sales tax laws. Capital Conservation Group has helped us to recover monies that otherwise would have been lost, and have helped me to assure our Management that we have strong internal controls over disbursements. I would welcome Capital Conservation Group to return to CHF Industries to perform future audits and would recommend them to anyone interested in recovering overpayments and improving their internal control over disbursements.

Sincerely,

Don R. Harwood
Controller
CHF Industries, Inc.
Charlotte, NC



This experience was my first interaction with an external Accounts Payable Audit firm. My desire was to evaluate the functionality of our ERP system accounting controls since its recent implementation several years earlier. The end results were much better than I expected as the level of charge backs versus total payables was identified as "well below the industry standard" with only one duplicate payment observed during the audit period scope which was external to the ERP system control. The professional interaction between CCG employees, our suppliers and our employees was exemplary. The Management Report provided upon completion of the process was a well defined executive summary of the process identifying the results, areas for improvements with clearly defined observations and recommendations. I thoroughly enjoyed the engagement!

Best Regards,

Jim
Tietex



This was my first experience with an accounts payable recovery audit. Initially, I was hesitant to enter into this type of engagement because of the possible interruptions and drain on my staff's time. However, I was pleasantly surprised to discover that your staff worked independently and really did take very little of my department's time. Your staff was very professional and worked well with my employees and vendors. I especially appreciate the in depth management report that you provided at the conclusion of our engagement. Not only did it point out areas for improvement for us, but it also recognized the areas in which we are excelling.

Thank you for the professionalism and hard work of your staff during our audit. I look forward to working with you and your team in the future.

Regards,

Penny Patrick
Controller
Stanly Regional Medical Center

High Point Regional Health System

To whom it may concern;

Capital Conservation has been engaged twice by High Point Regional Health System to perform reviews on the Accounts Payable function. Both times these reviews have generated recoveries as well as provided new procedures to avoid future recovers for the same purpose. Items to be reviewed as well as those to be excluded from the audit were identified at the time of contract signing to avoid any disagreements with recovers and billings.

The staff that was assigned was professional and easy to work with. They did not disrupt the normal daily work routine. When required, meetings were set up to discuss any issues that needed review or decisions.


I would recommend Capital Conservation due to the above reasons and plan to use Capital Conservation again in the future.

Sincerely,

Ronald L. Petterson, FHFMA
Controller
Dear Sir/Madam,

Capital Conservation Group performed an audit examining two years of our Company's accounts payable transactions. The Capital Conservation staff obtained a download of our data and was able to work independently without interfering with our daily transactions. The process required about thirty minutes of our personnel time each week and was complete within two weeks. S&D Coffee, Inc. was satisfied with the work perofrmed by Capital Conservation Group and would recommend their services to other businesses. Our company will probably engage them in the future to do an additional audit on subsequent year's transactions.

Regards,

Kelly Almond
Financial Reporting Manager
S&D Coffee, Inc.
CCG has been very helpful in recovering money from overpayments to vendors and also recovering overpayments of sales and use tax. They were accomodating in educating on tax legislations and have been very active in resolving these issues with our vendors. There have been minimal interruptions which is very important to us, due to the fact that we are very busy and don't have much time to spare. The auditor that we had was professional, diligent and friendly. I would recommend CCG to any company that needs to recover money and learn how to cut costs in the future.

Lisa Jones
Marsh Furniture
This was my first experience with an accounts payabale recovery audit. Initally, I was hesitant to enter into this type of engagement because of the possible intterruptions and drain on my staff's time. However, I was pleasantly surprised to discover that your staff worked independently and really did take very little of my department's time. Your staff was very professional and worked well with my employess and vendors. I especially appreciate the indepth management report that you provided at the conclusion of our engagement. NOt only did it point out areas for improvement for us, but it also recognized the areas in which we are excelling.

Thank you for the professionalism and hard work of your staff during our audit. I look forward to working with you and your team in the future.

Regards,

Penny Patrick
Contoller
Stanly Regional Medical Center