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FINANCIAL ACCOUNTING AND
INTERNAL CONTROLS
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Your BFG team of accounting specialists provides many support services to your management team as well as to your finance and accounting department. Our professionals are experts in many specialty areas, including revenue recognition, stock-based compensation, forensic accounting, internal controls, and government contracting. Our professionals can assist you in the recoverability assessment of tangible and intangible assets, and can help you allocate asset values as part of an acquisition. We are also versed in the implementation of International Financial Reporting Standards (IFRS) as well as many other complicated areas.
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BFG is a leader in providing management the critical assistance necessary to develop an effective internal control structure that is fully compliant with section 404 of Sarbanes-Oxley, and in establishing a comprehensive internal control monitoring plan. Public companies, large and small alike, are now required by law to establish and maintain effective internal accounting control systems. Management is also required report on the effectiveness of those control systems. Noncompliance can be extremely costly, not only in terms of financial penalties, but in terms of business reputation. BFG reduces management’s compliance burden by designing, implementing, documenting, and testing internal control systems that are fully compliant with section 404 of Sarbanes-Oxley.
BFG has provided Sarbanes-Oxley compliant internal control documentation for many public companies in the US, as well as in Canada. BFG professionals have over 25 years experience dealing with internal accounting controls, and have participated in the Congressional internal control steering committees that developed the COSO Integrated Framework to Internal Controls used by most companies. BFG professionals are on the teaching faculty of the American Institute of CPA’s and have instructed hundreds of business professionals on the compliance requirements of Sarbanes-Oxley.
BFG professionals are also well versed in all aspects of government contracting, including hands-on experience with Cost Accounting Standards, Federal Acquisition Regulations, and indirect cost allocation methodologies. Our experts can assist you in ensuring that your accounting system meets the rigors of DCAA audit requirements, preparing cost and technical proposals compliant with government regulations, and with the periodic reporting requirements of DoD, NASA, and other government agencies.
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| Bethesda Financial Group |
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Developing a World of Business Opportunity
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