The deadline for complying with Sarbanes-Oxley requirements is nearing fast.  Your organization needs to urgently "assess" the status of your internal control systems for financial reporting and the internal control structure for all business processes that generate information that will end up in the financial statements.  This is typically  phase one of the overall effort.  Furthermore, the SEC has intimated that a sound and  acceptable framework for internal control must be employed by your organization. They also indicate that the COSO internal control framework would be acceptable

Whether you use a COSO framework or not, you need to evaluate whether:

      a)       The COSO approach is being utilized and how well; and

      b)      The internal controls under the COSO framework are adequately being addressed.  

We can assist your team in this critical assessment process that will help you elucidate what needs to be done to be compliant with sections 302 and 404 of Sarbanes-Oxley. 

In order to effectively accomplish this crucial task, your organization no doubt also needs a practical risk assessment and risk prioritization methodology to accomplish the analysis phase.  Applying this risk assessment methodology will highlight those areas of high exposure that should receive the "highest" level of internal control attention.

MASP has such a methodology.  We have  successfully used this methodology in consulting and training assignments for decades worldwide. 

We have trained hundreds of risk management professionals and regular employees on how to conduct these risk assessments in a very short time period.  The methodology is so practical and simple that it can be taught to people with all educational levels and without any previous experience in risk assessment in a matter of hours via hands-on workshops using their real-life situations.

Whatever you need:

We also collaborate with CPA firms and consulting firms to complement their expertise and internal resources that may be overcommited to clients.

Contact us at: or call: 781-235-2895.    

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