You’ve decided to take your company public – now what?  It’s an exciting time for your company but you will face many challenges with the complexities of SEC financial reporting.  Gollob Morgan Peddy specializes in providing assistance to small publicly-traded companies that do not have their own accounting departments.

Our range of services includes:

• Bookkeeping on a monthly or quarterly basis to ensure that your records are properly maintained and accurate.
• Preparation of pro-forma financial statements.
• Preparation of SEC financial reports such as Forms S-1, 10-K, 10-Q, etc.
• Assistance with writing the Management’s Discussion and Analysis section of the SEC financial reports.
• Assistance with your annual audits and quarterly reviews required by the SEC.  We will be the liaison with your auditors.
• Consultation on GAAP accounting issues.

In addition, we understand the accounting and reporting implications for clients in the Oil & Gas industry including:

• Production Revenue and Royalty Accounting
• Joint Venture Accounting and Joint Interest Billings
• Depletion, Depreciation and Amortization
• Reserve Report and FAS 144 Analysis
• SEC Rule SX 4-10 Full Cost Accounting
• FAS 19 Successful Efforts Accounting
• FAS 69 Oil and Gas Reporting Disclosures
• FAS 143 Asset Retirement Obligations

Section 404 of the Sarbanes-Oxley Act (SOX) requires management of public companies to annually assess and report on the effectiveness of their internal control over financial reporting.  GMP can provide the following compliance services to your company: 

• Determining the financial reporting process and financial statement assertions.
• Documenting the internal controls in place.
• Testing and monitoring the controls.
• Identifying and evaluating internal control deficiencies.
• Making suggestions for improvements in internal controls.

Effective internal controls add significant benefits to companies such as ensuring reliable and timely information supporting management’s decision-making, consistent transaction processing, and the ability to accurately communicate business performance.  Consider Gollob Morgan Peddy as an independent provider to assist you in documenting your processes and controls, or in helping you to ensure that they are operating efficiently.

To obtain more information about our services for small publicly held companies contact Tommy Chambers, Officer, at Tommy@gmpcpa.com or Jeanne Lewis, Manager, at Jeanne@gmpcpa.com.