Internal Control

The reliability of financial statements is of no less concern for privately held companies than for public companies. The users of these financial statements include shareholders, absentee owners, management, regulators, lenders among others.

Our professionals have the experience to:

• Perform a study of internal controls,
• Document internal controls,
• Evaluate the design of internal controls,
• Recommend solutions for design deficiencies,
• Assist in the implementation of recommended solutions,
• Test the effectiveness of internal controls, and
• Identify opportunities for improving operating efficiencies

Privately held companies may consider compliance with Section 404 of the Sarbanes-Oxley act, even though it is not required.

The following are some circumstances when this may occur:

• The company intends to become public in the future
• The company has been identified for acquisition by a public company
• The company is held for sale in the public company environment