CFO Connect™ provides Board Services to early stage and mid stage companies wishing to
take advantage of senior level financial acumen and experience. Whether serving
as a board member or advisor to the board, CFO Connect provides the necessary
financial expertise to assist the board in moving the business toward the direction envisioned by the company’s business
plan. Additionally, with the onset of the Sarbanes-Oxley Legislation, boards serving publicly held companies have had to comply
with stringent internal control requirements as well as ensuring the appointment of Audit Committee Financial Experts. Audit Committee financial Experts must have the following attributes;
(i) an understanding of GAAP and financial
statements;
(ii) the ability to assess the general application
of such principles in connection with the accounting for estimates, accruals and reserves;
(iii) experience preparing, auditing, analyzing
or evaluating financial statements that present a breadth and level of complexity of accounting issues that are generally
comparable to the breadth and complexity of issues that can reasonably be expected to be raised by the registrant's financial
statements, or experience actively supervising one or more persons engaged in such activities;
(iv) an understanding of internal controls
and the procedures for financial reporting; and
(v) an understanding of audit committee functions.
While Sarbanes-Oxley legislation is directed
toward publicly held companies, more and more privately held, venture backed companies
are finding it prudent to comply with the major elements of the legislation.
CFO Connect can provide your company with
he necessary Financial Expert to serve on your Audit Committee. Our Financial
Experts help to ensure correct adherence to corporate governance procedure ,
financial reporting and internal control requirements.
