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Tracy Tufts, CPA, CCIFP

DIRECTOR, AUDIT AND ASSURANCE SERVICES

ABOUT TRACY

Since 1996, Tracy has been performing audits, reviews, and accounting services in a number of industries, including construction and real estate, employee benefit plans, closely held private companies, and financial services, including private investment funds. She has also assisted numerous clients with specialized services such as benchmarking analyses, business combinations, joint ventures, and the implementation of technical pronouncements. As a thought leader, Tracy is available to her clients, proactively sharing information on a broad range of issues.

CONSTRUCTION

Tracy is the leader of the LaPorte Construction Industry Group. She has substantial experience performing construction audits, reviews, and accounting services primarily in the fields of non-residential, specialty trades, marine, and oilfield services. Tracy has assisted her construction clients with state contractor license applications. She served on the On-Site National Editorial Board for several years and attends annual construction industry conferences, helping to keep the firm abreast of the latest construction industry developments. Tracy serves on the Assurance Thought Leadership Committee for Construction Industry CPAs/Consultants Association, a national association.

EMPLOYEE BENEFIT PLANS

Tracy has provided audit services for employee benefit plan clients with net assets that range from $4 million to $100 million in the construction, nonprofit, and healthcare industries as well as to various service companies. These plans include 401(k)s, profit-sharing plans, and an employee stock ownership plan (ESOP). She has also guided many organizations through their first-year EBP audits. Through the AICPA Employee Benefit Plan Audit Quality Center, Tracy has access to many valuable resources related to benefit plan audits and best practices. She is a member of the LaPorte Employee Benefit Plan Industry Group.

REAL ESTATE

Tracy is a member of the LaPorte Real Estate Industry Group. Her experience includes financial audit and review services for residential and commercial land development, real estate rental, and property management companies.

Bachelor of Science in Accounting, University of New Orleans
Certified Public Accountant
Certified Construction Industry Financial Professional (CCIFP)

American Institute of Certified Public Accountants
Society of Louisiana Certified Public Accountants
Associated Builders & Contractors
Associated General Contractors
St. Angela Merici Parish, Past Finance Council Member
St. Angela Merici School, Past Board Chair

Construction Financial Management Association (CFMA) – Greater New Orleans Chapter, “Accounting and Tax Implications of the Payroll Protection Program.” January 2021
Educational Client Presentation, “Drilling Down on Revenue Recognition – What you can do to begin implementing
ASC 606.” January 2018
Construction Financial Management Association (CFMA) – Greater New Orleans Chapter, “Key Financial Measurements for Evaluating Your Company’s Performance.” January 2016
Associated Builders and Contractors (ABC), “Financial Ratios: Management’s Tool for Performance.” September 2014

INDUSTRIES

Construction
Employee Benefit Plans
Real Estate

504.838.4854

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