Attestation Services
To succeed in business, you need to know your company's fundamentals are sound. Additionally, your company's investors, suppliers and customers need to have confidence in your business practices and external reporting. MCG provides a forward-looking audit strategy that focuses on anticipating contingencies, not just discovering what has gone wrong in the past. Accordingly, our risk-based audit approach is designed to increase the quality of a company's procedures and internal controls so companies can manage their business risks more effectively. Whether your need is for an audit, review, compilation or other attestation services, our focus is on getting to know your business and adding value long after the initial engagement.

Sarbanes-Oxley Act of 2002 (the "Act")
The Act represents the most significant overhaul of federal securities regulations since the Securities and Exchange Act of 1934. By founding the Public Company Accounting Oversight Board, the legislation creates a system for federal oversight of public auditors. It also mandates new disclosure requirements for public companies and harsher civil penalties for individuals and firms convicted of accounting or reporting violations. The Act presents many challenges for companies today, and MCG is ready to meet those challenges in an efficient and cost effective way. We are working with many of our public clients to strengthen their internal control documentation in connection with Section 404 of the Act and shore up their corporate governance responsibilities and risk management programs to insure compliance with the laws and there applications as they are worked out in the market place.

Transaction Advisory Services
MCG provides a variety of transaction advisory services to buyers, sellers and other parties interested in confirming management's assertions of financial and non-financial data associated with transactions. These services include due diligence, debt transactions, restructuring, mergers and acquisitions.

External Audit Support
Most emerging-growth or pre-IPO companies that have never been audited have no idea what they are about to encounter. MCG can provide companies with insight into the audit process so they can be better prepared. We can perform limited scope audit procedures designed to identify internal control weaknesses and address accounting issues before a national firm audit begins. Additionally, we can help companies close their books and records for the years under audit so that generally accepted accounting principles are applied and transactions are well documented.

During an audit, many schedules of financial and non-financial data are prepared for the auditors. If financial information requested by the auditor is not presented in the proper form or accounts are not adequately reconciled and documented, the auditor may perform these services at premium rates; resulting in significant cost overruns. Our firm can assist in the preparation of your financial statements and related footnotes as well as information and schedules requested, and thus better prepare your company for the difficult task ahead while containing audit costs.

Not only can we help prepare companies for external auditors and perform much of the needed detail work, we can help companies manage the audit process itself. MCG acts preemptively to help your company establish and clarify accounting policies, procedures, estimates and contingencies. In short, MCG will act as an advocate for the company and buffer the relationship between you and the auditors.

Internal Audit Services
Most small to medium size companies cannot afford a permanent internal audit group. We can provide this service on an as needed basis or as a recurring function of cyclical review. Companies generally employ an internal audit group to give management confidence in the internal workings of each department and the related accounting procedures, internal controls and financial reports under their review.  Additionally, companies engage internal audit groups to circumvent issues that may arise during the engagement.

According to Statements on Auditing Standards No. 78, control activities are the policies and procedures established to help ensure management's directives are carried out.  Control activities may occur at all levels and functions of an organization. MCG can perform an internal control study and test control activities over various segments of a company's operations which may include the following:

Performance reviews - such as comparison of actual results to budgets, forecasts, and prior period performance.

Information processing controls - such as controls to check the accuracy, completeness, and authorization of individual transactions. Information processing controls include automated as well as manual controls.

Physical controls - such as physical security of assets, including adequate safeguards over access to assets and records, authorization for access to computer programs and data files, and periodic counting and comparison with amounts recorded in the accounting records.

Segregation of duties - such as assigning the responsibility for authorizing transactions, recording transactions, and maintaining custody of assets to different people within the organization.