Audit and Assurance Services Understanding the territory. Limiting your liability. 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.
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MC & J CERTIFIED PUBLIC ACCOUNTANTS
Assurance Services Understanding the territory. Limiting your liability. 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.
Public Company Audit Services Annual and quarterly reporting on Form 10K and 10Q IPOs, S-1 Registration Statement, and Form 10 Filings Reverse mergers and related “Super” 8-K filings Capital Raises through PIPEs or sale of equity or debt to the public Sarbanes Oxley 404 Compliance
Employee Benefit Plan Audit Services Defined benefit plans (cash balance, retirement) Defined contribution plans (401(k), 403(b)) New compliance requirements 403(b) Health and welfare plans Preparation of Form 11-K to satisfy SEC reporting requirements Member of AICPA Employee Benefit Plan Audit Quality Center
Our Commitment to Quality Registered with the Public Company Accounting Oversight Board (PCAOB) Member of the American Institute of Certified Professional Accountants (AICPA). Member of the AICPA Employee Benefit Plan Audit Quality Center Member of the AICPA Governmental Audit Quality Center Member of the AICPA Public Company Practice Section Our commitment to quality is underscored by the fact that we consistently received an unqualified opinion in external peer reviews of our accounting and auditing practices by the AICPA and the PCAOB. After thorough studies of our procedures and work practices, which include reviews of our governmental, not-for-profit, and commercial audits, it is concluded that McConnell & Jones complies with the stringent quality control standards established by these oversight agencies.
Governmental and Nonprofit Audit Services Financial Statement Audits –– US Generally Accepted Auditing Standards –– Governmental Auditing Standards (Yellow Book) –– Single Audits in Accordance with OMB A-133 Program Audits Financial Reviews and Monthly, Quarterly, and Annual Financial Compilations
Private Company Audit Services Financial Statement Audits Annual Financial Audits Required by: –– Banks, lenders and other investors –– Regulatory agencies
Attestation Examinations Agreed-upon Procedures Compliance Examinations
About McConnell & Jones llp McConnell & Jones llp is a certified public accounting firm specializing in solving problems, reducing risk and improving business performance. We offer a complete spectrum of tax, assurance and small-business accounting services to individuals, private companies and non-profit agencies. McConnell & Jones is an affiliate of McConnell Jones Lanier & Murphy llp, a full-service professional services firm providing accounting, financial planning, management consulting, engineering and technical services.
SEC Attest and Compliance Services Understanding the territory. In today’s highly sensitive compliance and reporting environment, public companies require an experienced and judicious attestation firm to provide an objective, comprehensive and cost-effective audit. At McConnell & Jones llp, our experienced team not only examins the facts and figures of transactions, we are able to help your company go public cost effectively whether through IPO or reverse merger.
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MC & J CERTIFIED PUBLIC ACCOUNTANTS
SEC Attest & Compliance Services Understanding the territory. McConnell & Jones llp offers a range of services to assist companies registered with, or wanting to register with, the Securities & Exchange Commission (SEC). Our SEC Services Group is focused on serving publicly traded, mid-sized and emerging-growth companies with compliance filings (i.e.10K’s, 10Q’s and 8-K’s) If you’re preparing to go public, McConnell & Jones can advise you on the IPO process and preparation of the Form S-1 or Form 10 as well as with a reverse merger. We can also provide a PCAOB audit of your financial statements. Our specific services include:
Public Company Audit Services Annual and quarterly reporting on Form 10K and 10Q IPOs, S-1 Registration Statements, and Form 10 Filings Reverse mergers and related “Super” 8-K filings Capital Raises through PIPEs or sale of public equity or debt
M&A Services M&A Strategy Due Diligence Merger Integration
Industry Leadership All our audit engagements are staffed with experienced CPAs that can handle the complexity of your engagement. Our leadership team members have “Big Four” partner backgrounds and together they offer six decades of practical experience with SEC registrant clients. Having worked on more than 80 SEC audits and worked with more than 100 SEC registrants, McConnell & Jones’ SEC Services Group brings a wealth of experience that translates into efficient audits and financial reporting that meets compliance standards.
Commitment to Quality McConnell & Jones is registered with the Public Company Accounting Oversight Board (PCAOB), and as such, we are subject to the rules of the PCAOB, including its periodic inspections of our firm. Our commitment to quality is underscored by the fact that we consistently receive an unqualified opinion in external peer reviews of our accounting and auditing practices by the AICPA and the PCAOB. After thorough studies of our procedures and work practices, which include reviews of our commercial audits, it is concluded that McConnell & Jones complies with the stringent quality control standards established by these oversight agencies.
Internal Audit and Sarbanes-Oxley Services SOX 404 Compliance Assessments SOX 404 Compliance Monitoring Internal Control Advisory & Implementation Process Improvement Reviews Fraud Risk Assessments
Tax Services M&A Tax Structuring Tax Planning & Compliance Change of Ownership Financial Derivatives
About McConnell & Jones llp McConnell & Jones llp is a public accounting firm specializing in solving problems, reducing risk and improving business performance. We offer a complete spectrum of tax, assurance and accounting services to individuals, private companies and non-profit agencies. McConnell & Jones is an affiliate of McConnell Jones Lanier & Murphy llp, a full-service professional services firm providing accounting, financial planning, management consulting, engineering and technical services.
MJ www.mcconnelljones.com
Your mission. Our passion Services for Nonprofit Oganizations. As a nonprofit organization, you are faced with a variety of concerns unique to your industry. We have a thorough understanding of the important factors that determine the success of your non-profit organization including funding from federal and state agencies as well as individual and corporate donations and compliance regulations. These factors can determine how successful your organization will be as well as determine your ability to grow and continue to serve the needs of the community.
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MC & J CERTIFIED PUBLIC ACCOUNTANTS
Your mission. Our passion. Services for Nonprofit Organizations McConnell Jones Lanier & Murphy, LLP, has first hand experience working with non-profit organizations. Our clients include health care and human services providers, schools, private foundations, trade associations, charitable organizations and other similar groups. Through our extensive background in providing audit, accounting, and management consulting services, our non-profit specialists understand the unique aspects of your business. Our experience allows us to provide you with innovative solutions that meet the needs of your organization. Our nonprofit accounting and consultant services include:
Consulting Informing clients of changing standards affecting nonprofit organizations Assisting start-up, nonprofit organizations in implementing FASB 117, Financial Statement of Nonprofit Organizations
Audits, Reviews and Compilations Audits and reporting requirements including OMB A-133 Audits of employee benefit and retirement plans
Tax Planning and Compliance
Investment planning Investment & Insurance planning Retirement planning Setting up endowment accounts By partnering with MJLM, not only will you gain access to the comprehensive breadth of industry-leading accounting and consulting services that we offer, but these solutions will all be tailored to your business-specific needs as a nonprofit organization.
Philanthropic Commitments MJLM’s dedication to the community and philanthropic activities can be seen in our partner’s and principal’s personal commitment. Our leadership team has served or is currently serving on the following boards: American Heart Association Aspiring Youth The Ensemble Theater Dominion Community Development Corporation Greater Houston Convention Center and Visitors Bureau Greater Houston Partnership National Kidney Foundation
Nonprofit tax and related reporting issues Assisting nonprofit organizations in implementing FASB 116, Accounting for Contributions Received and Contributions Made Analysis of unrelated business taxable income Needs analysis and regulatory filings Preparation of tax-exempt bond financing compliance documentation, including arbitrage accounting
Accounting Fund accounting Assistance and evaluation of public charity accountability standards Bookkeeping / Virtual CFO Services Internal financial systems and controls Assistance in budget development Budget and cash flow projections Feasibility studies Agreed upon procedures
About McConnell & Jones LLP Founded in 1987, McConnell & Jones LLP is a certified public accounting firm providing a full spectrum of audit, tax and advisory services that effectively assists individuals, small businesses and non-profits throughout in dealing with operations and financial accountability matters. Our experienced auditors, accountants and business consultants have a deep understanding of the business and operational challenges faced and are skilled in solving problems, reducing risk and improving business performance. McConnell & Jones LLP is an affiliate of McConnell Jones Lanier & Murphy LLP, a full-service professional services firm (continued on the back) providing accounting, financial planning, and management consulting.
Small Business Solutions Sound financial strategy. Trusted advisors. Running a successful business isn’t easy. In today’s complex economy, taxes and financial matters can be very confusing. Even growth doesn’t come without considerable growing pains. At McConnell & Jones, our business is helping you make your oganization run better. From basic accounting issues to the most complex strategic planning initiatives, we have a solution for you and your business.
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MC & J CERTIFIED PUBLIC ACCOUNTANTS
Small Business Solutions Sound financial strategy. Trusted advisors. McConnell & Jones has a thorough understanding of the factors that determine the success of your small business uncovering revenue sources, maintaining cash flows and reducing overhead cost. These factors not only determine how successful your organization will be, but can also indicate your ability to grow and continue to serve the needs of your clients. We offer a talented, knowledgeable team that blends an appreciation for your business environment and culture with a steadfast understanding for your bottom line. Our small business team provides the following services:
Audit Services
Virtual CFO
Financial Statement Audits Financial Reviews and Compilations Employee Benefit Plan Audits Program Audits Agreed-Upon Procedures Internal Control Reviews Quality Control System Reviews Internal Auditing Support Services
As a Virutal CFO, we provide accounting, financial and business expertise, and tax services that meet today’s requirements and open doors for tomorrow. Process Develoment / Improvement Financial Monitoring and Measurement Financial Statement Interpretation and Trend Analysis Financial Modeling Cash Flow Analysis Budgeting / Forecasting
Tax Services Federal Tax Returns –– Corporate & Partnership –– Estate / Gift Returns –– Form 990-T and 990-PF DOL Reports –– Form 550 Tax Research and Strategic Planning Tax Credit Reviews State and Local Tax Consulting Property Tax Planning and Compliance
Consulting Services* Strategic Planning Organization Development Human Resource Consulting Procurement Assistance Entity Choice Succession Planning Exit Strategy Evaluation Compensation, Benefit and Retirement Planning Accounting System Implementation and Consulting
Accounting Services Financial Statement Preparation Reconciliations Budgeting and Cash Flow Projections Controllership Services Bookkeeping QuickBooks Consulting and Training Special Reports and Analyses
About McConnell & Jones llp McConnell & Jones llp is a certified public accounting firm specializing in solving problems, reducing risk and improving business performance. We offer a complete spectrum of tax, assurance and small-business accounting services to individuals, private companies and non-profit agencies. McConnell & Jones is an affiliate of McConnell Jones Lanier & Murphy llp, a full-service professional services firm providing accounting, financial planning, management consulting, (continued on the back) engineering and technical services.
MJ www.mcconnelljones.com *Services provided through affiliate McConnell Jones Lanier & Murphy LLP
*Member of AICPA Employee Benefit Plan Audit Quality Center
Tax Services Understanding the territory. Limiting your liability. 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.
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MC & J CERTIFIED PUBLIC ACCOUNTANTS
Tax Services Understanding the territory. Limiting your liability. 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.
Tax Services
Virtual CFO
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.
As a Virutal CFO, we provide accounting, financial and business expertise, and tax services that meet today’s requirements and open doors for tomorrow.
Preparation of Individual, Business, and Trust Income Tax Returns Preparation of Estate, Gift, and Generation-Skipping Tax Returns IRS and State Tax Representation Obtaining Tax Exempt Status Tax Research and Planning Tax-Saving Strategies Sales Tax Preparation and Audit Representation State and Local Tax Consulting Analysis of Tax Law Changes
Process Develoment / Improvement Financial Monitoring and Measurement Financial Statement Interpretation and Trend Analysis Financial Modeling Cash Flow Analysis Budgeting / Forecasting
Accounting Services Accuracy is job number one. Timely deliverables can affect capital acquisitions and staff development decisions. McConnell & Jones LLP provide timely and accurate accounting services so that you can focus on your business and your goals. Reviews and Compilations Controllership Services for Small Businesses Special Reports and Analyses Bookkeeping Reconciliations Financial Statement Preparation and Analysis Budgets and Forecasts QuickBooks Consulting and Training
About McConnell & Jones llp McConnell & Jones llp is a certified public accounting firm specializing in solving problems, reducing risk and improving business performance. We offer a complete spectrum of tax, assurance and small-business accounting services to individuals, private companies and non-profit agencies. McConnell & Jones is an affiliate of McConnell Jones Lanier & Murphy llp, a full-service professional services firm providing accounting, financial planning, management consulting, engineering and technical services.
MJ www.mcconnelljones.com *Member of AICPA Employee Benefit Plan Audit Quality Center
American Recovery and Reinvestment Act
Single Audit Services for the Power Industry As a result of the Recovery Act, approximately $300 billion dollars in additional federal funds are being passed down from federal agencies. Department of Energy alone is set to receive approximately $40 billion to foster various energy, environmental, and science programs and initiatives. To protect the interest of taxpayers, an unprecedented amount of oversight and transparency around the spending of all funds associated with the law has been mandated and all entities receiving Recovery Act funds are subject to Single Audit requirements as issued by the Office of Management and Budget (OMB) A-133.
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American Recovery and Reinvestment Act Single Audit Services for the Power Industry Determining the Need for a Single Audit
McConnell & Jones Single Audit Experience
Recovery programs are considered higher risk programs and many are subject to Single Audit procedures. The Recovery Act requires entities who expend greater than $300,000 in Recovery federal funds to undergo a rigorous compliance based audit of those transactions in addition to their financial statement audit.
All our audit engagements are staffed with experienced CPAs that can handle the complexity of your engagement. The CPAs of McConnell & Jones spend thousands of hours annually performing Single Audits for numerous clients in a variety of market sectors including commercial organizations, nonprofit organization, and governmental agencies. We have performed assurance services for a myriad of funding sources and programs including:
Department of Energy Recovery Act Initiatives The Department of Energy is set to receive more than 10 percent of Recovery Act funds with the objectives to promote energy efficiency, modernize the power grid, deploy renewable power, and restore America’s scientific leadership. Some of the most popular programs include: Smart Grid Investment Grant `` Smart Grid Demonstration & Energy Storage Grant `` Workforce Training for Electric Power Sector `` Interconnection- Level Transmission Planning ``
Assurance Services for Recovery Fund Recipients –– Financial statement audits of Single Audit Recipients –– Audits in accordance with OMB Circular A-133 –– Audits in accordance with the Single Audit Act Amendments of 1996 –– Program Specific Audits –– Audit in accordance with OMB Circular A-21 –– Audits in accordance with OMB Circular A-122 –– Completion of the Data Collection Form as required by the Federal Audit Clearinghouse
Commitment to Quality Our goal is to offer the same high standard of service typically associated with large, multi-national firms. We know that quality service delivery is highly dependent on knowledgeable professionals with the right skills, therefore, we work hard to maintain high standards of professional practice which includes a strong system of quality control that emphasizes independence and objectivity. As a testament to our quality standard, the firm is a member of the American Institute of Certified Public Accountants (AICPA) as well as the AICPA Governmental Audit Quality Center.
Representative Funding Sources –– Department of Education –– Department of Health and Human Services –– Department of Housing and Urban Development –– Department of Agriculture –– Department of Homeland Security
Representative Programs –– Student Financial Aid Cluster –– Head Start –– National School Lunch –– School Breakfast Program –– Title I Part A Grants to Local Educational Agencies –– Special Education Cluster (IDEA) –– Community Development Block Grant –– Social Services Block Grant –– Block Grant for Prevention and Treatment of Substance Abuse –– Disability and Rehabilitation Research and Related Projects –– Military Medical Research and Development
About McConnell & Jones llp McConnell & Jones llp is a certified public accounting firm specializing in solving problems, reducing risk and improving business performance. We offer a complete spectrum of tax, assurance and small-business accounting services to individuals, private companies and non-profit agencies. McConnell & Jones is an affiliate of McConnell Jones Lanier & Murphy llp, a full-service professional services firm providing accounting, financial planning, management consulting, engineering and technical services.
MJ www.mcconnelljones.com
Employee Benefit Plan Audits Trained specialists. Consistent, high-quality audits. Representative Clients
McConnell & Jones llp* is a leader in auditing employee benefit plans. We work with both single-employer and multiple-employer plans for Fortune 500/1000 companies as well as privately owned organizations. With a portfolio of employee benefit plans totaling more than $55 Billion in total assets, McConnell & Jones LLP is in the top 40 accounting firms in the country that audit employee benefit plans.
® WASTE MANAGEMENT
Texas Children’s Hospital®
Specialized Services Audits of all types of employee benefit plans including: –– Defined contribution plans (401(k), 403(b)) –– Defined benefit plans (cash balance, retirement) –– Health and welfare plans –– Employee Stock Ownership Plans Forms 5500 / 990 Preparation SEC Form 11-K filings
Energy Future Holdings ____________________________ logos for TXU,Luminant and Oncor below it. Add it to 1) privately held companies column in our capabilities profile 2) to our one page cut sheet
Hands-On Experience Pension & Savings Plans Audited by McConnell & Jones: –– Participants range from 100 for plans sponsored by nonprofit entities to 25,000+ for plans sponsored by publicly-traded organizations –– Assets range from $1 Million - $18 Billion Welfare Plans Audited by McConnell & Jones: –– Participants range from 200 to 19,000+ –– Benefits paid range from $75k to $250M
Why McConnell & Jones | All of our team members have multiple years of benefit plan audit experience and we have a solid record of ensuring team continuity year after year. Experienced Auditors
| Because our professionals work exclusively in this one discipline, they are available all year round, so we can design an audit timeline to accommodate client schedules and the regulatory deadlines. Specialized Expertise
| Our use of automated processes and advanced IT systems streamlines engagements, provides rapid responses, enhances productivity and reduces the need for client assistance. Automated Processes
| Our long and extensive history of working with various third party administrators on a consistent basis has provided us valuable insight into their record keeping procedures and reporting. With this working knowledge, we can “streamline” our services and keep the costs to a minimum. Effective Working Relationships
BAKER BOTTS LLP Metropolitan Transit Authority of Harris County, Houston, Texas
Energy Future Holdings Energy
Luminant
ONCOR
Baker Botts LLP Bechtel Jacobs CenterPoint Energy Cooper Industries Duke Energy Dynegy Express Energy Services Energy Futures Holdings FMC Technologies InfoPrint Solutions JB. Poindexter & Co., Inc. Marathon Oil Memorial Hermann NCI Building Systems Newfield Energy Pride International
Rice University Riviana Foods Inc. Rowan Companies, Inc. Sandridge Energy Seahawk Drilling Shell St. Joseph Medical Center Stolt-Nielsen S.A. Stewart & Stevenson Southern Union TARGA Resources Texas Children’s Hospital U.S. DOD Military Retirement Fund
Wärtsilä Waste Management
Rance Buss, Principal and Practice Leader
Employee Benefit Plan Assurance and Compliance Services
713.968.1634 | rbuss@mjlm.com
About McConnell & Jones llp McConnell & Jones LLP is a public accounting firm specializing in financial statement audits, internal control reviews, tax planning and compliance, and strategy and business process consulting for public, private and government clients. Our
Employee Benefit Plan Team prides itself on delivering high-quality audits while giving personalized and responsive service. We are dedicated to benefit plan compliance and take a proactive approach to helping clients meet their filing deadlines year after year. www.mcconnelljones.com *Member of AICPA Employee Benefit Plan Audit Quality Center