Audit and Tax Services for Trust Companies

Customized guidance from industry experts

Trust companies face complex fiduciary, compliance, and tax challenges that demand specialized expertise and attention to detail.

At BerryDunn, our dedicated team delivers customized solutions—helping you navigate regulatory requirements, mitigate risk, and ensure accurate reporting. With responsive service and deep industry knowledge, we empower you to focus on your clients, confident that your fiduciary responsibilities are in expert hands.

Trust services tailored to your needs

Fiduciary accounting

Accurate trust account review

Trust audit and assurance services

Objective audits, actionable insights

Trust tax services

Strategic tax planning guidance

Trust consulting

Governance and risk solutions

Fiduciary accounting

BerryDunn’s fiduciary accounting services deliver precise, customized reviews of trust documents, tax filings, and beneficiary distributions. Our experts help you navigate complex compliance, mitigate risk, and ensure accurate, defensible fiduciary decisions.

Trust audit and assurance services

BerryDunn’s audit and assurance services deliver objective evaluations and actionable insights, helping trust companies strengthen internal controls, meet industry standards, and demonstrate reliability to stakeholders—so you can operate with greater confidence.

Agreed-upon procedures

We work with you to establish the testing procedures you need to satisfy the requirements of your board, regulatory body, and interested parties.

SEC surprise (custody) examinations

Our team helps you meet SEC custody requirements under Rule 206(4)-2 with independent surprise examinations, ensuring compliance and client confidence.

Financial statement audits

We embrace opportunities to add value to our clients’ operations, developing meaningful insights that enable better-informed decisions.

Financial statement reviews and compilations

Our independent experts perform reviews and compilations to meet your unique needs and regulatory requirements.

Employee benefit plan audits

We use an audit service approach tailored to each client’s needs, designing solutions that meet both business needs and regulatory requirements.

Forensic accounting

Our forensic accounting team will gather and analyze financial transactions to determine whether any fraudulent activities have occurred.

SOC audits

Our SOC audit team helps you meet customer and regulatory obligations with SOC 1 and SOC 2 readiness assessments and audits.

Trust tax services

BerryDunn’s tax services help trust companies optimize planning, navigate complex transactions, and maximize credits and incentives. Our experts deliver clear guidance on state, local, and ASC 740 issues, ensuring compliance and strategic tax advantages.

Tax planning and compliance

With a deep understanding of federal and multi-state tax law, we provide insight into tax law changes for informed decision-making.

Transaction consulting

We offer tax transaction consulting to guide you through every state of complex financial transactions, such as mergers, acquisitions, restructuring, or other events.

State and local tax consulting

Our team of SALT advisors can help you navigate the complexities of state and local tax regulations involved in operating across multiple jurisdictions.

Tax credits and incentives

Our team works with management to identify and analyze tax credit opportunities to fit each organization’s specific needs.

Accounting for income taxes (ASC 740)

We provide income tax provision preparation and review, deferred tax validation, review of internal controls, or tax provision template improvement and training.

Trust consulting

BerryDunn’s consulting services help trust companies strengthen internal controls, assess IT and information security, and evaluate retirement plans. Our objective reviews support sound governance, risk management, and long-term organizational resilience.

Internal audit

Our experienced team brings decades of audit experience and works with you to provide timely, accurate, and meaningful internal audit services.

IT controls review

Our team will conduct a comprehensive review and assessment of your IT controls and provide you with recommendations informed by best practices.

Internal controls review

We help you navigate the complexities and challenges of a constantly changing internal control environment.

Retirement plan evaluation and vendor due diligence

We’ll help you develop and maintain a plan that provides true value to your organization.

Information security audit

We help you identify gaps in security controls and recommend opportunities to enhance your environment.

Benefits of working with BerryDunn's trust team

Tailored fiduciary solutions

BerryDunn customizes every engagement, designing procedures and reviews to fit each trust company’s unique needs, ensuring precise and relevant outcomes.

Integrated audit and tax expertise

Our specialized teams collaborate across audit and tax disciplines, providing seamless support and comprehensive guidance for complex trust operations.

Responsive, accessible service

Clients benefit from direct access to knowledgeable professionals who prioritize timely responses and clear communication—no layers or delays.

Reduced risk and regulatory assurance

BerryDunn’s attention to detail and deep regulatory knowledge help trust companies navigate compliance challenges, reduce risk, and avoid costly errors.

Reliable reporting and defensible decisions

We ensure trust documents, tax filings, and beneficiary distributions are handled with care, supporting defensible decisions and reliable reporting.

Proactive problem-solving

Our experts identify nuanced issues and offer practical solutions, helping trust companies address challenges before they become problems.

Integrated trust tax and audit expertise

BerryDunn delivers comprehensive fiduciary accounting, audit, and tax solutions for trust companies and their advisors. Our closely integrated tax and audit professionals collaborate to provide customized, detail-oriented service—ensuring compliance, accurate reporting, and risk mitigation. Clients benefit from direct access to experts, tailored guidance for complex trust needs, and a hands-on approach that goes beyond automated, one-size-fits-all solutions. We help you operate confidently in a complex regulatory environment.

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Lisa Openshaw

Samantha Washburn

Michel Caouette

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"At Community Financial Services Group, we take our fiduciary responsibilities seriously and place the highest priority on maintaining strong internal controls and compliance standards. We engaged BerryDunn to perform agreed-upon procedures over our trust and investment management activities. Throughout the engagement, their team was professional, thorough, and responsive. They reviewed key areas of our operations and provided clear communication at every step. Their process was collaborative, efficient, and respectful of our staff's time. BerryDunn's expertise and insights add real value to our operations, and we look forward to continuing this relationship in the years ahead."

Joe Preddy

President and CEO

Community Financial Services Group

Trust companies

Empowering trust companies with expert fiduciary, compliance, and tax solutions

Customized guidance from industry experts

Trust services tailored to your needs

Fiduciary accounting

Trust audit and assurance services

Trust tax services

Trust consulting

Benefits of working with BerryDunn's trust team

Integrated trust tax and audit expertise

Meet our professionals

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