Bob Patterson is an experienced businessman and CPA. The founder and President of Patterson & Company CPAs, PLLC, of Louisville, Kentucky, Mr. Patterson combines real-life business experience with certification and training to provide his clients with a comprehensive suite of accounting services. Patterson & Company’s clients are primarily small and medium-size businesses, high-net-worth individuals, and entrepreneurs. The firm specializes in the hospitality and professional practices industries.
Bob Patterson received his CPA training at the University of Louisville and is also a Certified Fraud Examiner and Chartered Global Management Accountant, in addition to being certified in Fundamental Payroll. These credentials inform his accounting firm’s services, which include full-service payroll, back office accounting support, business consulting, and fraud examination.
Prior to establishing his accounting firm, Bob Patterson was President & CEO of Consumers Choice Coffee, Inc., a very successful specialty coffee and beverage company with a large market share in Kentucky and surrounding areas. Under his leadership, Consumers Choice Coffee achieved an average 13% return on equity and was named one of the 100 Fastest Growing Companies in the Inner City by Harvard University. His success was recognized when he was named SBA Kentucky Small Business Person of the Year and Leader in Industry Finalist for the Better Business Bureau TORCH Award.
In addition to his work as a CPA, Bob Patterson is a leader in the Kentucky business community. He serves as President of the Park Hill Business Association and sits on the Board of Directors of the Kentucky Society of CPAs. Committed to his local community, Mr. Patterson also serves on the Board of Directors of the Louisville Chapter of the American Red Cross and is a member of the Downtown Louisville Rotary Club. Additionally, he contributes to Liberty University, a Christian institution of higher learning.
Kentucky Society of Certified Public AccountantsImage: kycpa.org Bob Patterson, CPA, has overseen operations at Patterson and Company, an organization for certified public accountants, as president since 2011. Bob Patterson, CPA, engages in activities with a number of additional accounting organizations, including a one year term as president of the Kentucky Society of Certified Public…
Accounting Scholarships From the Kentucky Society of CPAs
Accounting Scholarships From the Kentucky Society of CPAs
Kentucky Society of Certified Public AccountantsImage: kycpa.org As the president of Patterson & Company CPAs, Bob Patterson CPA helps his busy clients achieve their unique financial goals. His full service accounting firm maintains a distinct focus on accounting and tax planning for business owners. Alongside his professional duties, Bob Patterson serves as past president of the Kentucky Society…
Bob Patterson, CPA, uses his prowess as an accountant to assist clients in managing their finances and their businesses at Patterson & Company CPAs. President Bob Patterson earned his CPA credentials in 2010, and is also a certified fraud examiner (CFE) and a Chartered Global Management Accountant ( Chartered Global Management Accountant (CGMA) CGMA). Preparing for the CPA exam requires hundreds…
Kentucky Restaurant Journal Serves the State’s Hospitality Industry Bob Patterson, CPA, leads as president of Patterson and Company, a full-service accounting firm in Louisville, Kentucky, that focuses on helping restaurants in accounting and tax-planning matters.
The Better Business Bureau International Torch Award for Ethics
The Better Business Bureau International Torch Award for Ethics
International Torch AwardImage: bbb.org As the president of Patterson & Company CPAs, Bob Patterson aims to provide his clients with the best financial support available. Bob Patterson, CPA, and his previous business was recognized as a runner up for the Torch Award for Ethics from the Better Business Bureau. Every year, the Better Business Bureau presents its International Torch Award for Ethics…
Scholarships of the Kentucky Society of CPAs Educational Foundation
The past president of Louisville’s Patterson and Company, Bob Patterson, CPA, is also a member of the Kentucky Society of CPAs (KyCPA). Bob Patterson is a Legacy-level supporter of the KyCPA Educational Foundation, meaning he has contributed between $50,000 and $74,999 to the nonprofit, which is dedicated to improving the financial literacy of Kentucky’s youth and encouraging students to pursue accounting degrees.
Legacy-level supporters of the KyCPA Education Foundation receive several benefits, including a permanent scholarship named after their company or an honoree as well as the ability to determine the criteria required of scholarship applicants. The named scholarship sponsored by Bob Patterson is only available to eligible applicants from a Christian College or University. They are announced annually at the KyCPA Spring Awards Banquet and displayed at the annual members meeting and leadership luncheon.
Additionally, Legacy contributors are recognized in each edition of the Kentucky CPA Journal for 10 years and honored on an engraved plaque at KyCPA headquarters.
As president of Patterson & Company CPAs PLLC in Louisville, Kentucky, Bob Patterson leads his firm in providing specialty services for restaurants and other clients. Bob Patterson, CPA, and his previous company were recognized as a finalist for the Better Business Bureau’s Torch Award for Ethics.
To win the Torch Award at the local or international level, applicants must meet certain criteria, as follows:
-Prospective winners devote themselves to ethical behavior in their life and work. They seek feedback from others in realizing this goal. In their interactions with their leadership teams they strive toward enhancing a company-wide culture of ethics.
-Leaders and their teams base their actions on setting forth clearly-understood purposes and beliefs that motivate stakeholders. Mission statements help enhance these virtues.
-High competency is just as valuable as character-based leadership. The management team sets measurable standards that reward effort. They promote practices for corporate success.
-The next criterion entails recognizing the intrinsic value of employees: good leaders support opportunities for individuals to grow in job competency and satisfaction.
-Finally, leaders look for ways to demonstrate these ethical values in their dealings with vendors, customers, and investors. Commitments such as affiliation with industry organizations help reinforce these ideas.
Advantages of the Certified Fraud Examiner Credential
As head of Patterson & Company CPAs PLLC, Bob Patterson is dedicated to saving his clients’ expenses by performing their back-office duties. Bob Patterson, CPA is also a certified fraud examiner (CFE) and can help clients detect possible illegal activities in their organizations.
The CFE designation is recognized as a leading credential in its profession. It is available to associate members of the Association of Certified Fraud Examiners (ACFE) who meet specific criteria. Applicants must have good character and meet professional and academic standards. They must also follow the ACFE’s code of ethics and bylaws.
Persons with CFE credentials and their companies get substantial benefits. For example, CFEs earn 23 percent more than their uncertified counterparts. Since the CFE documents one’s skills and experience, it enhances career advancement, as well as job security and visibility in the job market. Leading public sector employers look for the CFE as a sign of quality, including the Securities and Exchange Commission, the FBI, and the Department of Defense.
Finally, the certification can benefit the bottom line. ACFE research shows that businesses with on-site CFEs detect fraud 50 percent sooner than those without any. Corporations with CFEs report a 62 percent reduction in losses.
