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Blum Shapiro is the largest regional CPA firm in Connecticut and one of the largest in New England. We offer a full range of accounting and auditing services.
- Audits, Reviews and Compilations
- Monthly Financial Statement Preparation
- Attestation Services
- Budgeting and Cash Forecasting
- Projections
For more information, contact Peter J. Niedermeyer.
Process & Controls Consulting
View Brochure (175 KB, PDF)
Major corporate failures have been in the business news headlines for some time. Restatements of reported financial information and financial fraud have shaken the foundation of American business.
Government actions to address the problems have included the passage of the Sarbanes-Oxley Act, enhanced Securities and Exchange Commission scrutiny, establishment of the Public Company Accounting Oversight Board, Justice Department indictments, congressional investigations and actions by the states to review and revise regulations. More action and regulations are sure to follow.
These issues do not apply only to public companies. The changes that have increased the expectations on management and boards of directors of privately held companies, governmental entities and non-profit organizations, as well.
Blum Shapiro has a group of professionals, the Process and Controls Consulting Group, who focus on helping clients deal with the new regulations and expectations that have been thrust upon them. Our services include:
Sarbanes-Oxley Compliance
We can assist in complying with both the Section 302, Officer Certification, and Section 404, Management Assessment of Internal Controls aspects of Sarbanes-Oxley. We can work with an organization’s financial statement auditor to enable the process of attesting to management’s assessment of the control environment. Our clearly independent role eliminates any perception of conflicts.
Corporate Compliance
We can assist companies with the development, operational and monitoring phases of their overall corporate compliance program.
Outsourcing of Internal Audit Function
We can act as an internal audit function for both public and private companies and can assist in the development of an annual audit plan and performance of the various audits.
Assessment of Business Risks
We can facilitate a session with the organization’s executive management, board and other personnel to identify, assess and evaluate key business risks. An in-depth report will quantify the information gathered from the session, which will also include a discussion of existing controls over the major risks. A risk assessment serves as a plan for ongoing monitoring and review of a company’s internal control processes.
Documentation of the Current Internal Control Environment
A key element and prerequisite for any assessment of the internal controls of an organization or a function within an organization is that the processes and controls that exist must be documented and “auditable.” We can help companies with documenting their controls or in updating and organizing any existing documentation.
Assessment of the Adequacy of the Internal Control Structure
We have developed a testing approach and can perform specific tests of the operation of the internal control environment.
Conducting of special projects
We are available to assess the risks and controls of particular areas of concern and give recommendations on how to develop and implement processes and controls to mitigate these risks.
· Darrell Pataska
· Jonathan Fink
· Marcus Harwood
· The Committee of Sponsoring Organizations of the Treadway Commission (COSO)
· The Securities and Exchange Commission (SEC)
· Public Company Accounting Oversight Board (PCAOB)
For more information, contact Darrell G. Pataska.
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