As a result of corporate fraud involving numerous public companies in the United States, the regulatory bodies and the accounting profession in the United States and Canada have published new laws and regulations such as Sarbanes Oxley Act (SOX) and its Canadian equivalent in order to hold CEOs and CFOs accountable. Directors have a fiduciary responsibility towards the business they manage and must respect governance guidelines.

In Canada, the authorities require CEOs and CFOs of a reporting issuer to certify that they have evaluated the effectiveness and functioning of the issuer’s financial internal control and internal control over financial reporting in their annual and interim filings.

PSB Boisjoli has participated in numerous mandates of this nature and possesses the necessary tools to assess the needs of businesses. We are familiar with the widely recognized “COSO” (Committee of Sponsoring Organizations) internal control framework.

We can assist in any one of the following phases:

• Initial and overall planning
• Risk assessment
• Documentation and identification of key controls
• Testing of controls
• Diagnostic (identification of gaps and corrections)
• Continuity

Companies must not lose sight that adequate and ongoing follow up of documentation of controls must be in place.

For more information about our range of services, we invite you to contact us for a complimentary consultation