Transforming external financial reporting of public companies to top-level best practices.
Mission
Transforming the external reporting process for small to midsize public companies with expert SEC Reporting & Compliance, Technical Accounting, Audit Readiness, and Interim CAO/Controller services, ensuring regulatory adherence, operational efficiency, and strategic focus for CFOs while providing Audit Committees with confidence in high-quality, compliant filings.
The first priority for every Audit Committee and CFO…
Financial Reporting Integrity
The SEC staff’s comments Internal Control over Financial Reporting (ICFR) continue to focus on identification, disclosure, effectiveness, and changes.
Regulation S-X (17 CFR part 210) provides:
Material weakness means a deficiency, or a combination of deficiencies, in internal control over financial reporting such that there is a reasonable possibility that a material misstatement of the registrant's annual or interim financial statements will not be prevented or detected on a timely basis.
Significant deficiency means a deficiency, or a combination of deficiencies, in internal control over financial reporting that is less severe than a material weakness, yet important enough to merit attention by those responsible for oversight of the registrant's financial reporting.