We were among the initial firms registered in 2003 with the Public Company Accounting Oversight Board (PCAOB). Our partners and staff have extensive experience in this complex and ever-evolving practice area that is rigorously regulated by the SEC and PCAOB.

We conduct numerous audit engagements that are subject to public reporting; and are prepared to conduct required internal control procedures mandated by the Sarbanes-Oxley Act. We have access to individuals whose contacts with the PCAOB, SEC and Financial Accounting Standards Board enable us to be an effective voice for our clients.

Sarbanes-Oxley Act of 2002 (SOX)

SOX was an attempt to restore confidence in public and regulatory agencies and is a complex and comprehensive law that covers a broad scope of corporate responsibility issues for public companies. Section 404 of the Act does not merely require companies to establish and maintain and adequate internal control structure, but also to access its effectiveness on a quarterly basis, with annual attestation or certification by an external auditor.

The SEC has mandated the use of an internal control framework, based on recommendations by the Committee of Sponsoring Organizations of the Treadway Commission (COSO). The elements of Section 404 compliance involve corporate management's evaluation of design and operation of internal controls over financial reporting, disclosure of all known controls, significant deficiencies and acts of fraud, if any.

In order to achieve an integrated control program within COSO's parameters, the following components must be addressed: competency within the control environment, risk assessment, control activities, information and communication, and monitoring. Our 404 specialists assist their clients to navigate the complexities of the Act and avoid potential criminal liability.