Independent, Experienced, Personalized
Sarbanes-Oxley Consulting Services

With the passage of the Sarbanes Oxley Act of 2002, management is now required to asses the effectiveness of internal controls regarding the reliability of financial reporting. We understand the challenges that you face when it comes to complying with the new requirements, and that is why we have designed our Sarbanes-Oxley consulting services to help CEOs and CFOs of public companies to:

• Certify that they have reviewed financial statements and each annual or quarterly report.  
• Certify that each such report fairly represents the company's financial condition.  
• Certify that they have established and are maintaining internal controls  
• Ensure the effectiveness of such internal controls every quarter.  
• Address significant changes in internal controls or other factors that could significantly affect such controls.  
• Identify corrective actions taken regarding deficiencies/weaknesses in controls.  
• Disclose any significant deficiencies in internal controls and/or any fraud involving persons with a significant role in upholding such controls.

Why Hood & Strong LLP?

• We offer experience and flexibility. This allows us to develop a customized and tailored plan that focuses on your individual company's needs in accordance with Section 404 compliance.
• We deliver more than just compliance. As a result of our extensive risk-based internal audit experience we can often identify process and control improvements that extend beyond financial reporting.
• Expertise without adding people. You will have internal control documentation, testing expertise, and access to Information Technology Control specialists but you will not have to add additional permanent staff.
• We can help you do what you do best, run your business. Our project management allows you to focus on ongoing operations while the Section 404 compliance effort is in progress.
• We understand your needs, and the needs of your auditor. We can increase efficiency and reduce your workload by preparing schedules and information that your auditor can use when auditing your internal controls.

Our Approach 

Hood & Strong LLP has a multi-phased approach that can help you build towards compliance of Sarbanes-Oxley Section 404. Our financial reporting process evaluation is a building plan that will assist in assessing and documenting your company's internal control. The five phases of our approach, which is tailored to the specific needs and complexities of your company, are: 

1. Planning   
2. Assess Design Effectiveness  
3. Assess Operating Effectiveness  
4. Reporting  
5. Ongoing Monitoring

For more information about Sarbanes-Oxley's Section 404, and how Hood & Strong LLP can help you build towards compliance, please contact us.