Assurance Services. thinking strategically to your best advantage

Similar documents
GRANITE CONSTRUCTION INCORPORATED AUDIT/COMPLIANCE COMMITTEE CHARTER

Auditing and Attestation (AUD) - Content Outline Effective January 2014

Management Advisory Services

Family Office and Concierge Services

After completing this Session, you should be able to answer the following questions:

Community Bankers Conference

B S R & Co. LLP. Reporting on Internal. Reporting An Overview. Sarbanes Oxley Act (SOX) 28 December 2013

AUDIT COMMITTEE CHARTER

THE AUDITOR S RESPONSIBILITIES AND FUNCTIONS, INTRODUCTION TO GAAS, AND THE GENERAL STANDARDS (INCLUDING THE QUALITY CONTROL STANDARDS)

FDICIA Reporting for Financial Institutions. Reporting Changes Under Part 363 and SAS 130

Chapter 2. The CPA Profession

Internal Control and Fraud Detection

SOX and PCAOB. Introduction. SOX Act. In what year did the Sarbanes Oxley Act pass into law?

TEVA PHARMACEUTICAL INDUSTRIES LIMITED AUDIT COMMITTEE CHARTER

Your Partners in Success

PART I. Sarbanes-Oxley for the Finance Professional COPYRIGHTED MATERIAL

AUDIT RESPONSIBILITIES AND OBJECTIVES

Philips Lighting Policy on Auditor Independence

EXTERNAL AUDITOR INDEPENDENCE CHARTER

Internal Financial Controls New perspectives as per Companies Act 2013 and CARO 2016

2. The auditors' report on a corporation's financial statements usually is addressed to the president of the company.

The Audit Committee of the Supervisory Board of CB&I

GARMIN LTD. Audit Committee Charter. (Amended and Restated as of July 25, 2014)

covered member immediate family impaired not a covered member close relative not impaired

Detailed competency map

STANDARD ON QUALITY CONTROL (SQC) 1

Leading the Board, challenging the effectiveness of the group as a whole, and each director individually

Audit Independence Policy

Checklist for Higher Education

EY Center for Board Matters. Leading practices for audit committees

New Role of Audit Committee: A Post-Financial Crisis Analysis

an international network with a regional focus

INTERNATIONAL STANDARD ON AUDITING 210 TERMS OF AUDIT ENGAGEMENTS CONTENTS

Audrey A. Gramling Kennesaw State University. Larry E. Rittenberg. University of Wisconsin Madison. Karla M. Johnstone

CLIENT ALERT: INTERNAL CONTROL OVER FINANCIAL REPORTING

Nonprofit Association of the Midlands. August 26, 2014

External Auditor Independence Policy

STANDING ADVISORY GROUP MEETING AUDITOR'S REPORTING MODEL MAY 18 19, 2016

29 th Regional Conference of WIRC

Private Client Services Are your internal controls supporting your business strategy?*

financial advisory services healthcare services

Inspection of HJ & Associates, LLC (Headquartered in Salt Lake City, Utah) Public Company Accounting Oversight Board

AM Consulting. Professional I Reliable I Innovative

FREQUENTLY ASKED QUESTIONS ABOUT INTERNAL CONTROL OVER FINANCIAL REPORTING

September 9, 2016 kpmg.ca

2013 INSPECTION OF ENTERPRISE CPAS, LTD.

AEC Corporate Governance Framework

Completion and review

IPO Readiness. Sarbanes-Oxley Compliance & Other Considerations. Presented by:

IIROC 2015 Financial Administrators Section Conference

STARWOOD HOTELS & RESORTS WORLDWIDE, INC. CHARTER OF THE AUDIT COMMITTEE OF THE BOARD OF DIRECTORS

INTERNAL FINANCIAL CONTROLS COMPLIANCE REPORTING APPLICABILITY SCOPE OPINION FRAMEWORK ACTION. Strictly for private circulation

Ethics and Financial Reporting: Delivering on the Commitment

Sarbanes-Oxley Compliance

Chapter 2 The Public Accounting Profession

HLB MANN JUDD AN INTEGRATED ACCOUNTING & ADVISORY FIRM

SAMPLE BEC SuperfastCPA Review Notes

KING III COMPLIANCE ANALYSIS

Audit Committee Performance Evaluation

AUDIT FIELD WORK Laws and Regulations. Presenter: Errol Gardner

MANDATE OF THE AUDIT AND FINANCE COMMITTEE

Essential IT Considerations for Sarbanes-Oxley Act

i am pleased to transmit to you a summary of the Public Company Accounting

Scott R. Lutz. Greenbrier Ventures. Allegiance Advisory Group. PwC. President. Director. Senior Manager

Chapter 25 Other Assurance Services. Copyright 2014 Pearson Education

Capital Markets: IPO Advisory

CATERPILLAR INC. CHARTER OF THE AUDIT COMMITTEE OF THE BOARD OF DIRECTORS (adopted by the Board of Directors on February 11, 2015)

SARBANES-OXLEY COMPLIANCE MANAGING CHANGING EXPECTATIONS January 20, 2017

Accounting (ACCT) Courses. Accounting (ACCT) 1

RISK AND AUDIT COMMITTEE TERMS OF REFERENCE

MNP COMMERCIAL REAL ESTATE & CONSTRUCTION INDUSTRY SERVICES

Community Bank Solutions WE HELP COMMUNITY BANKS GROW CONFIDENTLY

Guide to the Sarbanes-Oxley Act: Internal Control Reporting Requirements

The Institute of Directors of South Africa ( IoDSA ) is the convener of the King Committee and the custodian of the King reports and practice notes.

Quality Control Systems and Engagement Files Monitoring and Inspections the Protocol

Currently offered as an international partner program and open only to students affiliated with the international partner institution.

AUDIT COMMITTEE OF THE BOARD OF DIRECTORS OF THE TORONTO-DOMINION BANK CHARTER

Terms of Audit Engagements

Auditing & Assurance Services, 7e (Louwers) Chapter 2 Professional Standards

Beyond Compliance. Leveraging Internal Control to Build a Better Business: A Response to Sarbanes-Oxley Sections 302 and 404

1.17 How have corporate collapses influenced the role of auditing in recent years?

Powered by technology, our experts are unlocking the value of your audit. Dynamic Audit

Texas Municipal Retirement System Audit plan for the year ended December 31, 2016 March 30-31, 2017

KING IV GOVERNANCE PRINCIPLES APPLICATION BY MURRAY & ROBERTS FY The governing body should lead ethically and effectively (Leadership)

2013 INSPECTION OF GEORGE STEWART, CPA

Chapter 02. Professional Standards. Multiple Choice Questions. 1. Control risk is

JOB DESCRIPTION. GRADE: ( 36,379 to 47,480) 37 hours per week. Head Office, Southampton PURPOSE OF THE JOB:

Halton Community Housing Corporation Audit Findings Report For the year ended December 31, 2016

Test Bank Auditing A Risk Based Approach To Conducting A Quality Audit 10th Edition

Factors for a Successful Implementation

TASSAL GROUP LIMITED ABN

AUDIT COMMITTEE CHARTER

Corporate Governance Statement

We confirm that the representations we make in this letter are in accordance with the definitions as set out in Attachment I to this letter.

Audit Committee Performance Evaluation Form

IAASB Main Agenda (March 2005) Page Agenda Item 12-C

AEGON N.V. AUDIT COMMITTEE CHARTER

The digital fund lifecycle

International Standard on Auditing (Ireland) 300. Planning an Audit of Financial Statements

Report of the Ad Hoc Citizens Advisory Committee. to the. City of San Diego Audit Committee

Transcription:

Assurance Services thinking strategically to your best advantage

Behind BNKJ s assurance services are many years of experience, which cut across varied industries and business Assurance services mean far more than basic financial reporting. It is about offering solid business advice on internal controls, business risks, accounting issues and the quality of information used to make business decisions. types. This depth of experience allows us to provide assurance services with both a business perspective and a technical approach. Our professionals are business people who deliver extra value. Business owners, CEOs and CFOs appreciate the fact that we re with them all the time - not just when statements are due. They know our work is trusted by bankers, investors and the entire financial community. BNKJ maintains an independent posture in all our services. We adhere to procedures to maintain client confidentiality and avoid conflicts of interest that might jeopardize the integrity of our work and our opinions. We are also registered with the PCAOB and comply with their independence and quality control standards. BNKJ s assurance services include three primary components. Financial statement reporting. Internal controls and accounting systems consulting. Specialized reporting.

Accounting is the language of business. BNKJ translates that language for you. Financial Statement Reporting Financial reporting is often viewed as a commodity service to test transactions and balances. BNKJ offers more than a simple reporting function - we improve the operation of a business. We look for ways to improve systems and tighten controls, but always with sensitivity towards costs and efficiency. Financial statement reporting is a seamless culmination of our services throughout the year. We are always there reviewing and analyzing financial situations to help you make better decisions. Looking beyond the numbers to understand your culture, goals, risk parameters and core philosophies is how we ensure you get the vital information you need, when you need it, to manage your business.

Whether it s financial statement audits, reviews or compilations, BNKJ s accounting and auditing group translates your business into the appropriate financial statement picture. Reports under generally accepted accounting standards (GAAP) on a historical cost or fair value. Reports under other comprehensive bases of accounting (OCBOA) including tax, cash or contractually defined accounting methods. Reports of combined or consolidated entities. Reports on personal financial statements. Meeting disclosure requirements are important, but our overall goal is to tell the story of where you are, how you got there and what lies ahead. We enhance the meaning of the numbers by developing the most useful and informative presentations. Whether your needs relate to industry-specific issues and developments, the effects of recent pronouncements, or complex accounting and reporting implementations, BNKJ can help.

Businesses with the appropriate financial, operational and management systems make better and more profitable decisions. Internal Controls and Accounting Systems Consulting The cornerstone of a solid business foundation is an accounting and information system that can reliably produce accurate and timely financial and management information. An accounting system is not just the hardware and software that generates data. It encompasses the entire system of data, people, processes and the controls that manipulate, accumulate and report information. In addition to providing more accurate information, controls also provide protection over assets. Past accounting scandals at public corporations have highlighted the risks of faulty internal controls, which allowed frauds and reporting errors. The Sarbanes-Oxley Act mandates stringent requirements for controls and accurate financial reporting for public companies and their senior management. Due to more limited resources, private companies have an even greater need to establish reliable controls over reporting and for protection of assets.

The goals of an internal control report are simple transactional assurance knowing that your company is operating with financial accuracy, and that there is reasonable protection of assets. Our internal control services can be tailored to individual needs and include a range of items. Documenting the existing accounting system and its controls and weaknesses. Testing the accounting and control system to determine if identified controls are actually in place and functioning as intended. Assisting management in improving the effectiveness of the design of an internal controls system and the efficient functioning of controls. Developing a plan to periodically test controls and report findings to management.

Specialized Reporting More and more companies, especially in the context of financing, are finding that specific reports better suit their needs and statutory requirements. These may be analysis of a particular critical component of financial data or a specific report on peripheral entities, such as retirement plans. We are highly experienced in special reports and can help you determine if this service area is a fit for you. Audits of regulated employee benefit plans. Audits of specific financial statement elements. Forecasts, projections and pro forma financial statement presentations. Cash flow modeling for business plans and financing transactions. Forensic accounting and investigations. Expert witness testimony in accounting, auditing and financial reporting. Reports on agreed upon procedures for diligence reviews, loan collateral reviews, or other types of situations.

5909 Peachtree Dunwoody Road Suite 800 Atlanta, GA 30328 770.261.1900 www.bnkj.com