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We provide Board Services to early- and mid-stage companies seeking independent, senior level financial acumen and experience.

Through CFO Connect® Board Services, we can provide professional, senior level fiscal advisement by serving as:

  • An independent financial expert on the Board of Directors and chairing or serving on audit committees, or

  • An independent financial advisor to the Board and/or audit committees.

Ultimately, the goal is to assist the board in ensuring the company has solid corporate governance, complies with Sarbanes-Oxley legislation, and maintains a management team dedicated to moving the business toward the direction envisioned by the company's business plan.

Adherent to our age of heightened corporate and accounting responsibility, CFO Connect® is fully versed and compliant with Sarbanes-Oxley legislation and requirements. This legislation outlines new or enhanced standards for all US public and private company boards, management, and public accounting firms.

Sarbanes-Oxley Requirements

While Sarbanes-Oxley legislation is directed toward publicly held companies, privately held venture-backed companies are finding it prudent to comply with the major elements of the legislation.

According to Sarbanes-Oxley legislation 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.