Regional accounting firm · Cleveland, OH

Pease Bell, CPAs

Cleveland-based regional CPA firm offering audit and assurance, tax advisory and client accounting, with niches in skilled nursing, multifamily housing and mortgage banking.

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Profile

Headquarters
1111 Superior Ave E, Suite 2500, Cleveland, OH 44114
Other offices
Akron, OH; Lakewood, NJ; Plantation, FL
Size type
Regional: Firms with offices in one region or a handful of states, often with deep industry niches and partners who work on each client directly.
Services
Audit and assurance, SOC examinations (SOC 1 and SOC 2), Tax advisory and compliance, Client accounting services
Industry niches
Skilled nursing and long-term care, Multifamily and affordable housing, Mortgage banking, Nonprofits, Manufacturing and distribution, Construction, Health care, Real estate
Phone
216-348-9600
Website
www.peasebell.com
Last checked
November 11, 2026

What the firm lists beyond the basics

  • HUD audits and reporting for housing portfolios, and HUD Section 232 audits for skilled nursing facilities
  • Medicare and Medicaid cost report preparation for health care providers
  • SOC 1 and SOC 2 examinations, and assurance for AI systems (AIUC-1)
  • Mortgage banking audit and compliance
  • Transaction advisory and quality of earnings
  • Outsourced bookkeeping, controller and CFO support

Services

Audit and assurance

An audit is an independent CPA firm's examination of your financial statements, ending in a written opinion on whether they are fairly presented under the accounting framework you use (usually US GAAP).

SOC examinations (SOC 1 and SOC 2)

A SOC report is a CPA firm's examination of the controls at a service organization, under AICPA attestation standards.

Tax advisory and compliance

Tax compliance is preparing and filing returns: federal, state and local income tax, sales and use tax, payroll tax, and information returns such as Forms 1099.

Client accounting services

Client accounting services (CAS) is outsourced accounting: a firm keeps your books, closes the month, reconciles accounts, runs payables or payroll, and can act as your controller or fractional CFO.

Industry niches

Skilled nursing and long-term care

Skilled nursing facilities report to Medicare and Medicaid through cost reports, often carry HUD Section 232 financing with its own audit requirements, and depend on reimbursement rules that change every year. A firm that already prepares cost reports and HUD audits knows what reviewers look for and where errors cost money.

Multifamily and affordable housing

Multifamily owners, and especially affordable housing properties, answer to HUD, state housing finance agencies and tax credit investors, each with its own audit and reporting deadlines. A firm that knows HUD's Real Estate Assessment Center (REAC) financial submissions and Low-Income Housing Tax Credit compliance avoids late or rejected filings.

Mortgage banking

Mortgage lenders and servicers need audited statements that satisfy HUD/FHA, Ginnie Mae, Fannie Mae, Freddie Mac and state regulators, plus compliance testing such as the USAP or USAP-based servicing attestation. These deadlines and net worth and liquidity tests are specific to the industry.

Nonprofits

Nonprofits file Form 990, follow nonprofit accounting standards for restricted gifts and net assets, and, when they spend federal money above the threshold, need a Single Audit under the Uniform Guidance. Boards and funders read these reports closely.

Manufacturing and distribution

Manufacturers and distributors carry inventory costing, multistate sales and payroll, and tax incentives such as the research credit and cost segregation. A firm that knows inventory observation and standard costing audits faster and finds more in planning.

Construction

Contractors are judged by sureties and banks on their financial statements: percentage-of-completion revenue, work-in-progress schedules and bonding capacity. A firm that knows what sureties look for writes statements they accept.

Health care

Health care providers deal with payer reimbursement, cost reports, regulatory compliance and physician compensation rules. A firm with health care clients knows the reporting regulators and lenders expect.

Real estate

Real estate owners and developers rely on partnership tax planning, depreciation and cost segregation, 1031 exchanges and investor reporting. Audits for lenders and investors have their own fair-value and lease questions.

What to ask Pease Bell, CPAs

  1. Is Pease Bell, CPAs licensed in our state, and is the partner who would sign our work a licensed CPA there? (Check on CPAverify before the first call.)
  2. What was the result of your most recent AICPA peer review, and can we see the report?
  3. Who will be our day-to-day contact, and how often will we speak with the partner?
  4. How will you bill us: fixed fee, hourly or retainer? What is included, and what would cost extra?
  5. If we are a public company or broker-dealer: is the firm registered with the PCAOB, and what did its latest inspection report find?
  6. Will the report be signed by a licensed CPA firm? Only CPA firms can issue SOC reports.
  7. Who prepares our returns and who reviews them? Is the reviewer a CPA or an enrolled agent?
  8. Which accounting software do you work in, and do we keep ownership of our books and login?
  9. Do you prepare Medicare and Medicaid cost reports, and for which states?
  10. Do you audit HUD-insured or HUD-assisted properties and submit to REAC?
  11. Do you audit FHA-approved lenders and Ginnie Mae, Fannie Mae or Freddie Mac seller/servicers?