Company Engages with a member of the RSM McGladrey Network to represent and implement Vibato solutions.
SAN FRANCISCO, Calif. – December 16, 2009 – Vibato, the only provider of the fixed-price, best-practice, modular approach to meeting Sarbanes-Oxley and SAS-related compliance requirements, today announced that HJ Associates & Consultants, L.L.P., an independently-owned member of the RSM McGladrey Network, executed an agreement to represent and implement Vibato solutions, including SOX Compliance Made Simple (SCMS) which is part of the Vibato Internal Control Suite line of products. HJ Associates & Consultants intends to expand its business by attracting and engaging new clients, in part through representation of Vibato’s unique offerings.
After seeing a demonstration of the SCMS approach, HJ Associates & Consultants referred several SEC audit clients to Vibato. Because of the high quality, cost-effective results of those implementations, HJ Associates & Consultants determined that offering Vibato’s solutions could add value to its existing array of services and contribute to additional growth. Under the agreement, HJ Associates & Consultants will represent Vibato solutions to existing and prospective clients and provide implementation services on behalf of Vibato. HJ Associates & Consultants will be able to leverage the benefits of the SCMS approach while maintaining the client relationship directly to provide any other ongoing services the client might need.
“We have been very impressed with the value and efficiency delivered to some of our existing clients through Vibato’s solutions,” said Bruce Kartchner, partner at HJ Associates & Consultants, L.L.P. “By leveraging the capabilities and cost-effectiveness of SCMS with our firm’s expertise, we can more effectively attract new client business. We can enhance our existing offerings to better serve companies that are public, private and venture-backed, pre-IPOs who need to complete their internal control development and documentation, and any other organizations that understand the management benefits of properly developed and documented internal controls.”
“Partnering with firms such as HJ Associates & Consultants, who share the same commitment to value and excellence as we do, is a natural fit for us,” said Teresa Bockwoldt, chief executive officer, Vibato. “We are delighted to see audit firms recognize the benefits of our unique approach, for both themselves and their clients. Our expanding client and partner base supports our confidence that the market is ready for our unique approach to taking much of the cost out of financial reporting compliance activities, whether a company is just getting started or already has an implementation in place. We look forward to supporting HJ Associates & Consultants as they introduce more clients to the benefits of the SCMS methodology.”
Vibato continues to expand its client roster and sees growing interest from potential partners for inclusion of the SCMS toolset in its portfolio of service offerings. Vibato clients and its audit partners benefit from the strong value delivered through the best-practice, fully-integrated, SCMS approach for establishing and documenting internal controls, or reducing existing control counts. This approach has been benchmarked against the Big Four audit plans and has been deployed successfully across a diverse array of industries and companies.
HJ Associates & Consultants, L.L.P. is a full-service locally owned certified public accounting firm located in downtown Salt Lake City, Utah. Their objective is to provide high quality audit, tax, accounting, and advisory services to their clients in a cost effective and timely manner. HJ Associates & Consultants, L.L.P is an independently owned member of the RSM McGladrey Network. The RSM McGladrey Network is the premier affiliation of independent accounting firms in the nation. They are members of the AICPA and CAQ, and are enrolled with CPCAF and registered with the PCAOB. For more information, please visit www.hjcpafirm.com
The SCMS suite is currently available for companies of all sizes and industries. For more information please click here or call (888) 4VIBATO.
About Vibato
Vibato, LLC is dedicated to providing the most cost-effective compliance solutions available. Our mission is to help you reduce audit and compliance fees, improve financial transparency and run your business more efficiently. For more information, please visit us at www.vibato.com or contact us directly at mail@vibato.com