We’re one of the big guys, but we don’t act like it
At MaloneBailey, LLP, we deliver high-integrity compliance services that provide our clients increased peace of mind. In April 2012, MaloneBailey was named one of the ‘Dynamite Dozen’ – the top 12 SEC audit firms – by Accounting News Report. The ranking is a testament to our niche specializations and denotes our market leadership.
We have extensive experience navigating the complexities of SEC compliance. Open and constructive communication with the SEC is complemented by our ability to identify and efficiently resolve issues and to deliver audits that will withstand SEC scrutiny. We take pride in combining our responsive problem-solving capabilities with a proactive approach to render a smooth and positive client experience. The efficiency and integrity inherent in MaloneBailey’s SEC audit methodology facilitates our ability to serve clients as active, business advisors while adhering to the rules of independence.
Clients choose MaloneBailey because we have successfully delivered unparalleled service through high levels of quality and efficiency. Our vision to change the way auditing and accounting are done for SEC reporting companies has over time, translated into the reality that we deliver higher quality audits with the GAAP expertise our clients require and expect. We have developed methodologies, designed for SEC audit specialization, for delivering competent and cost-competitive public company audits quickly. In addition, we are 100% paperless, increasing our flexibility on fast turnaround and complete service. We anticipate your needs and your frequent deadlines and work within those parameters to always be there for you.
MaloneBailey maintains state-of-the-art technology, which allows us to prepare financial statements, state and federal income, payroll and estate tax returns in the most efficient manner possible. This system also allows us to provide minute to minute time and billing information related to the services provided.
Our small public clients share a similar profile:
- Going public via a “reverse merger” with a publicly-traded shell, where national accounting firms are not as familiar with this process.
- Not using an “initial public offering” because IPO’s are often too expensive and are currently restricted to companies raising at least $20 million in capital.
- Having an entrepreneurial CEO who works full-time on site and is a major stockholder. The CEO and/or the CFO are involved in day-to-day transactions in smaller, tightly-controlled lean companies. This is called “management override” in auditing lingo. Because national firm personnel are trained in “systems auditing” and not “transaction-based auditing,” they are often not as experienced or as efficient in transactional-based auditing where management override exists. Utilizing them in such an environment can be very expensive.
We know “shells.”
Many of our clients use a publicly-traded shell because there is a network of smaller market makers willing to trade the smaller companies and there are promoters willing to speculate in such stocks.
These shells are inactive public companies, generally with no assets. This method of going public may be less costly and occur faster than traditional IPO processes.