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Process & Controls Consulting

Major corporate failures continue to make headline news. Financial fraud and misstatements of financial information have shaken the foundation and integrity of American business.

Government actions to address the problems include 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 states to review and revise regulations. More action and regulations are expected to follow.

Not limited to public companies, these changes have also increased the expectations on management and boards of directors of privately held companies, government entities and non-profit organizations.

Our Process and Controls Consulting Group focuses exclusively on helping clients deal with new regulations and expectations thrust upon them. Services we provide to our clients include:

Sarbanes-Oxley Compliance

  • Assistance in complying with Section 302, Officer Certification, and Section 404, Management Assessment of Internal Controls aspects of Sarbanes-Oxley
  • Facilitate the process of attesting to management’s assessment of the control environment by working with your organization’s financial statement auditor
  • Provide a clearly segregated role to eliminate any perception of independence conflict between management and the independent auditor

Corporate Compliance

  • Assist with the development, operations and monitoring phases of your corporate compliance program

Outsourcing of Internal Audit Function

  • Act as part of the internal audit function for both public and private companies (where we do not provide attest services)
  • Assist in the development of an annual internal audit plan and the performance of related procedures

Assessment of Business Risks

  • Facilitate a session with the organization’s executive management, board and other personnel to identify, assess and evaluate key business risks
  • Provide an in-depth report to 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 the beginning of a plan for ongoing monitoring and review of your company’s internal control processes.

Documentation of the Current Internal Control Environment

  • Documenting your controls or updating and organizing any existing documentation. This is a key element and prerequisite for any assessment of the internal controls of an organization, or a function within an organization, is that the existing processes and controls must be documented and “auditable.”

Assessment of the Adequacy of the Internal Control Structure

  • Through our testing approach, perform specific tests of the operation of the internal control environment

Conducting of Special Projects

  • Assess the risks and controls of particular areas of concern
  • Provide recommendations on how to develop and implement processes and controls to mitigate these risks

Contact our Audit Team for more information:



Advisors | Auditors | Consultants | CPAs - Blum Shapiro is one of the premier public accounting firms in the northeast and a Top 100 CPA Firm in the U.S. Our professionals serve businesses, individuals and organizations in Boston (MA), Hartford (CT), Cranston (RI), Shelton (CT) ,Quincy (MA) and Newton (MA) with audit, tax and business consulting services. Our firm has developed practice areas in automotive, construction, education, government, healthcare, hospitality, manufacturing, nonprofit organizations and professional service firms. New Haven CT, Fairfield CT, Norwalk CT, Waterbury CT.