McConnell Jones Lanier & Murphy llp McConnell & Jones llp
Dedicated Team of Specialists Member of the American Institute of Certified Public Accountants and registered with the America Counts on CPAs™ Public Company Institute Accounting Oversight of Board
CPA
Top 15 Accounting Firm in Houston Internal Auditors Member
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Firm Profile
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Introduction McConnell & Jones LLP (M&J) and McConnell Jones Lanier & Murphy LLP (MJLM) are Houston-based professional services firms with offices in Dallas; Huntsville, Alabama; and Washington, D.C. Our firm is built on integrity ,trust, and sound character and we are passionate about what we do and confident in our ability to deliver high value, high quality service. Established in 1987, M&J is a full-service public accounting firm offering Audit and Assurance Services (including Employee Benefit Plan Audits), SEC, Commercial and Governmental Audits; Tax Planning and Compliance; and M&A Consulting. Today, it is among the 15 largest accounting firms in Houston (according to the 2011 Houston Business Journal’s Book of Lists). MJLM is a well-established and nationallyrecognized, business consulting and advisory firm whose business experts specialize in solving problems, reducing risk and improving business performance. MJLM provides value-added services specializing in Internal Audit; Business Process Improvement; Strategy & Operations; and Business Process Outsourcing. Together, the firms have a well-credentialed and ethnically diverse workforce of over 180 employees, the majority of which are certified in their practice area and/or have an advanced degrees.
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National Presence
M&J and MJLM offer a highly competent and professional staff fluent in more than 15 languages. We seek individuals who demonstrate superior technical skills, integrity, and sound character, and in fact, there is not a CPA or business consultant on our team with fewer than seven years of industry experience. McConnell & Jones
LLP
Offices in: Washington, DC
Huntsville, AL Houston, T X Dallas-For t Wor th, T X
Certified Public Accountants
yy Assurance Services yy Tax & Accounting Services yy M&A Services MJLM Business Management and Consulting Services
yy Process Improvement yy People & Change yy Strategic Consulting yy Internal Audit Services yy Business Process Outsourcing yy Technology Consulting MJLM Engineering and Technical Services
yy Program Management yy Integrated Logistics Support yy IT Support yy Research & Development
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representative clients M&J and MJLM serve more than 200 clients in a myriad of industries and market sectors from publicly-traded organizations to privately-held companies and governmental /nonprofit groups. Because client service and customer retention is woven into our company culture, we are pleased to have a robust listing of representative clients: BAKER BOTTS LLP
technical services
DEPARTMENT OF DEFENSE Military Retirement Fund
Energy Future Holdings ____________________________ logos for TXU,Luminant and Oncor below it.
Energy Future Holdings Energy
Luminant
ONCOR
MITSUBISHI CATERPILLAR FORKLIFT AMERICA INC.
PRIDE
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CO
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WA N
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NIES,
TEXON TEXON
Nonprofit and Govermental
Privately held
Publicly Traded
Add it to 1) privately held companies column in our capabilities profile 2) to our one page cut sheet
USA
Works
Working to make a difference
Metropolitan Transit Authority of Harris County, Houston, Texas
TEXON
R O WA N C O M PA N I E S
Texas Children’s HospitalŽ
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Audit & Assurance services At McConnell & Jones LLP, we are passionate about what we do and we are confident in our ability to deliver outstanding results. Our CPAs provide comprehensive assurance, tax and accounting services. We specialize in financial statement and employee benefit plan audits, internal control reviews, tax planning and compliance, and business strategy consulting for public, private and government clients as well as individuals across the nation. McConnell & Jones is proud to be among the top 40 accounting firms in the country that audit employee benefit plans and one of the top 15 largest CPA firms based in Houston, Texas.
U n d e r s t a n d i n g t h e t e r r i t o r y. E n s u r i n g y o u r c o m p l i a n c e .
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audit services Financial data is just one element of making sound business decisions. Audits, reviews, and compilations are the financial reporting tools you need to form a complete financial picture of your business. With greater accountability at stake, the accuracy and completeness of your financial reporting is essential. At McConnell & Jones llp, our staff is trained to examine not only the facts and figures of transactions, but also the implications to your company. Assurance services begin with the rendering of an opinion on our client’s financial statements, but also include providing recommendations for improving internal controls, operating efficiency, and profitability. These services are more valuable to our clients because of the personal attention and management assistance we incorporate into every engagement. P r i vat e C o m pa n y A u d i t S e r v i c e s
Em p l o y e e B e n e f i t P l a n A u d i t S e r v i c e s
yy Financial Statement Audits
yy Defined benefit plans (cash balance, retirement) yy Defined contribution plans (401(k), 403(b)) yy New compliance requirements 403(b) yy Health and welfare plans yy Preparation of Form 11-K to satisfy SEC reporting requirements yy Member of AICPA Employee Benefit Plan Audit Quality Center
yy Annual Financial Audits Required by: −− Banks, lenders and other investors −− Regulatory agencies Att e s tat i o n Ex a m i n at i o n s
yy Agreed-upon Procedures yy Compliance Examinations P u b l i c C o m pa n y A u d i t S e r v i c e s
yy Annual and quarterly reporting on Form 10K and 10Q yy IPOs, S-1 Registration Statement, and Form 10 Filings yy Reverse mergers and related “Super” 8-K filings yy Capital Raises through PIPEs or sale of equity or debt to the public yy Sarbanes Oxley 404 Compliance 11
G o v e r n m e n ta l a n d Nonprofit Audit Service s
yy Financial Statement Audits −− US Generally Accepted Auditing Standards −− Governmental Auditing Standards (Yellow Book) −− Single Audits in Accordance with OMB A-133
yy Program Audits yy Financial Reviews and Monthly, Quarterly, and Annual Financial Compilations
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L i m i t i n g y o u r l i a b i l i t y.
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tax Services Today’s business environments and regulations are constantly evolving. The tax professionals of McConnell & Jones stay abreast of legislature change, technology updates and evolving tax laws so that you don’t have to. Our firm offers a complete range of services to meet the tax planning and reporting needs of individuals, small business, and non-profit organizations. McConnell & Jones navigates the waters of regulations and tax codes and identifies the path of least resistance to help you reach your goals as an individual and as a business. Personalized attention is made to develop tax plan strategies to limit liabilities, create potential cost savings on future interests, and avoid potential tax consequences. McConnell & Jones provides accurate and timely deliverables, and we are sensitive to the benefits of appropriate lead times that affect planning planning and reduce risk. McConnell & Jones LLP offer a full range of tax services to limit exposure and identify potential cost savings to keep your business in compliance with the latest regulations while developing strategies to pave the way for the future. Services offered include:
yy Preparation of Individual, Business, and Trust Income Tax Returns yy Preparation of Estate, Gift, and Generation-Skipping Tax Returns yy IRS and State Tax Representation yy Obtaining Tax Exempt Status yy Tax Research and Planning yy Tax-Saving Strategies yy Sales Tax Preparation and Audit Representation yy State and Local Tax Consulting yy Analysis of Tax Law Changes
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S o u n d f i n a n c i a l s t r a t e g y.
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Bottom-line results.
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accounting services Every day you’re faced with myriad issues requiring sound financial decisions. When it comes to accounting, accuracy is Job One. Timely deliverables can affect capital acquisitions and staff development decisions. McConnell & Jones LLP provides bookkeeping services for businesses and prepares financial statements in accordance with Generally Accepted Accounting Principles (GAAP) for use by banks, investors and other third parties. Our firm will also prepare custom financial reports for internal management use. Services offered include:
yy Financial Statement Preparation and Analysis yy Reconciliations yy Budgets and Cash Flow Projections yy Reviews and Compilations yy Controllership Services yy Bookkeeping yy QuickBooks Consulting and Training yy Special Reports and Analyses
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Seasoned experts. Sensible solutions.
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virtual cfo services Your organization’s finances are connected to every part of business, from operations to marketing and sales. However, for many businesses, it’s not practical to have a salaried CFO. By bundling together accounting, finance and business expertise as a cost-effective solution, McConnell & Jones can provide you access to CPAs and financial experts ready to assist with your business goals. Our Virtual CFOs can help to identify cost savings, negotiate better contracts and provide numerous other CFO-related functions. Available services include:
yy Federal & State Tax Planning and Compliance yy Property Tax Planning and Compliance yy Financial Statement Preparation yy Bookeeping / Accounting Services yy Controllership Services yy Budgeting / Forecasting yy Invoicing yy Reconcilations yy Process Develoment / Improvement yy Financial Monitoring and Measurement yy Financial Statement Interpretation and Trend Analysis yy Financial Modeling yy Cash Flow Analysis yy Budgeting / Forecasting
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U n d e r s t a n d i n g t h e t e r r i t o r y. E n s u r i n g y o u r c o m p l i a n c e .
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merger & acquisition consulting Merger or acquisition, divestiture, restructuring, joint venture or IPO— we can help your team evaluate transaction structures and execute accretive deals. Edward Hlousek, a former partner with both Deloitte and Andersen, leads our M&A Practice. His experience as a Global Practice Leader includes M&A due diligence and merger integration projects in the oil & gas, utility, manufacturing and oil field services industries. T r a n s a c t i o n a l a n d C o n s u lt i n g S e r v i c e s
yy M&A Strategy - Aimed at identifying and defining deal parameters to help assure accretive transactions as well as those that fit the corporate strategy and culture. yy Due Diligence - Aimed at identifying and assessing risks by conducting financial, tax, IT and human resource reviews. We work with your team to identify contingencies and commitments, positive and negative synergies and to determine expected cash flows. yy Cash Flow Model Review - Our experience has shown that many business models contain assumptions and/or errors that lead to potentially poor management decisions. We lend an experienced, objective, and unbiased eye during crunch time. yy Integration – Effective integration of processes, systems, operations, people, and performance metrics make a huge difference on how soon a merger or acquisition turns accretive. We have the experience to lead the PMO or aid specific integration teams. We work with your team to keep the necessary pace of the integration as well as to help arrive at a “best of both” solution by understanding, analyzing and, at times, arbitrating. yy Divestitures, Spin-offs, IPOs and JVs – We have worked with numerous management teams to carve-out, spin-off, or otherwise structure transactions which maximize the value of the underlying businesses or assets. We can aid in untangling, spinning off stranded subsidiaries, going public, or any transaction in between.
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consulting services In today’s challenging economy businesses are fighting to maintain their competitive advantage. Organizations today must have a high-performance team to execute a wellplanned strategy. To ensure a sustainable advantage for our clients, MJLM uses a customized approach based on specific goals along with dedicated business consultants to provide sound advice based on extensive real world experience. McConnell Jones Lanier & Murphy LLP offers a wide range of solutions to organizational challenges including proven expertise helping clients operate more efficiently and costeffectively.
Superior tactics. Competitve advantage.
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Business Process Improvement Many companies will employ a number of tactics to improve their business operations with the ultimate goal of seizing new business and subduing the competition. MJLM’s Business Process Improvement (BPI) services provide a systematic process for aligning operational outcomes with strategic objectives and stakeholder demands. Our consultants use a methodical approach to help organization optimize underling processes to achieve efficient results that keep them ahead of the opposition. Our experience in the field of business process improvement is unsurpassed, and our process mapping methodology is used by clients in both the public and private sector to increase performance and productivity and realize ROI. Our knowledgeable consultants are highly skilled in business process analysis, development and deployment. Furthermore, we take a flexible, cooperative approach that is sensitive to your staff and to ongoing operations. Services offered include:
yy Analytics yy Management Performance Reviews & Assessments yy Human Resource Solutions
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C r e a t i n g s u s t a i n a b l e r e s u l t s . I m p r o v i n g p r o f i t a b i l i t y.
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strategy and Operations The essence of strategy is based on competition—the success of any company’s strategy is therefore contingent upon its ability to respond to competitive forces. MJLM works with clients to help them understand competitive dynamics within their industries as well as how these dynamics impact the functional areas of their operation. MJLM’s tailor-made services are driven by best practices. We focus our efforts on building achievable strategies with sustainable financial results. We provide extensive experience helping organizations to review and redesign their planning approaches. Whether focused on strategic planning for a multi-operational firm or for one or more business units, our recommendations are grounded in the same basic principle—creating sustainable results designed to achieve high performance and improve profitability. Services offered include:
Industry Focus:
yy Financial Analysis
yy Consumer Business
yy Strategic Planning
yy Energy
yy Supply Chain Management
yy Financial Services
yy Restructuring / Turnaround Management
yy Healthcare and Life Sciences yy Manufacturing yy Public Sector yy Real Estate yy Technology / Telecom yy Transportation
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B u s i n e s s s t r a t e g i s t s . Tr u s t e d a d v i s o r s .
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internal audit services Protecting and safeguarding company assets is a major responsibility of executive leadership and management teams. The pressures of today’s economic environment have forced staff reductions and a reshuffling of tasks in order to remain competitive. Organizations are required to produce more with less and staff are performing tasks that may not be adequately segregated. Unfortunately, internal controls are often neglected in this process. Now, more than ever, you need to do everything to ensure company assets are safeguarded and being used to achieve the organizational goals and objectives. Whether you are creating a new internal audit department, considering outsourcing your internal audit function, supplementing existing staff, or you just need help with a specific audit or assessing your internal controls, MJLM has the skills and expertise to meet your objectives. With each engagement, MJLM is committed to delivering unmatched service and uncompromising value. Our audit methodology and toolbox go beyond traditional auditing to provide you with a cost-effective solution for your internal audit needs. Our professionals abide by the International Standards for the Professional Practice of Internal Auditing promulgated by the Institute of Internal Auditors and the Government Auditing Standards (Yellow Book). Additionally, we have the technical knowledge and expertise to assess internal controls according to additional financial reporting requirements that impact governmental agencies such as the Chief Financial Officers Act of 1990, the Federal Financial Management Improvement Act of 1996, and the OMB Form and Content guidelines. Services offered include:
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yy Co-sourcing / Outsourcing
yy Fraud & Forensic Services
yy Internal Control Assessments & Audits
yy Audit Readiness Assessments
yy Enterprise Risk Assessments
yy Sarbanes-Oxley (SOX) Services Financial Analysis
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mjlm/mcconnell & jones ...the best choice.
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Leadership
Experience
Quality
Value
The best never rest. Each of our partners and directors have more than 20 years of experience, including work within ‘Big Four’ accounting firms and large corporations. We perceive our roles to be that of an advisor to our clients and we know that understanding your needs is the most critical first step in our relationship.
We recruit individuals with unique, comprehensive and challenging work experiences who know how to make things happen.
MJLM and McConnell & Jones have established systems for achieving and maintaining superior standards in each of our services and processes.
Our associates know the drill. We are seasoned professionals with proven track records in a broad range of client solutions, from business consulting and implementation assistance, to tax and financial planning, audit and accounting services.
We achieve this through our commitment to consistent evaluation and continuous improvement. Our goal is complete client satisfaction. As a testament of our commitment to quality, both our PCAOB and Peer Reviews are without exception.
Our value is in our people and the experience we bring to each new challenge. MJLM and McConnell & Jones provide tremendous value by integrating unique perspectives to deliver effective solutions. Our clients benefit from rapid response, high quality, and innovation delivered by a team of experts with broad and deep experience.
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www.mjlm.com www.mcconnelljones.com