CPA Solutions Overview

CMG Logistics knows that clients require sound internal practices to manage their freight operations, financial reports on freight, and compliance to corporate standards. A company’s freight expense can reach 10% of the Cost of Goods Sold. Yet few companies have the internal controls to manage the process.

Our CPA Solutions follow the framework developed by the Committee of Sponsoring Organizations (COSO). CMG Logistics helps clients to benchmark and optimize their internal freight process, financial reporting and compliance. We work with the client to develop a comprehensive report on freight auditing, payment and analysis.

Control Features:

• Control environment: The individual attributes, including integrity, ethical values and competence that characterizes CMG Logistics and the client organization
• Risk assessment: Established mechanisms to identify, analyze, and manage the risks related to freight expenses and processes
• Control activities: How the client carries out management’s policies and procedures to secure raw material, components and deliver goods and services to their customers
• Information and communication: Systems that enable client organization to capture and exchange data, information and business intelligence needed to effectively manage its freight operations
• Monitoring: The monitoring of the entire freight process to react as warranted by the changing conditions in the company’s supply chain

Benefits:

• An auditing framework that financial managers accept and commonly use to manage SOX compliance
• Documentation and benchmarking of freight processes and internal controls
• Identify areas of risks
• Increased ability to analyze and improve financial and operational performance