financial reporting – McConnell & Jones LLP

Financial Statements for Nonprofit Entities FASB Proposed Guidance, Exposure Draft on Net Asset Classifications

Posted on July 7, 2016

by Johnson Olatunji, Audit Manager – McConnell & Jones LLP In April 2015, the Financial Accounting Standards Board (FASB) issued a Proposed Accounting Standards Update titled Presentation of Financial Statements...

GASB 72 – Fair Value Measurement and Application

Posted on April 14, 2016

by Minnie Cariaga, Audit Manager GASB 72 - Fair Value Measurement and Application Last year, GASB issued Statement No. 72, Fair Value Measurement and Application. Is your agency ready? This...

Firm History

1987

McConnell & Company

In July 1987, Ira Wayne McConnell founded McConnell & Company at his kitchen table. McConnell’s aim was to create a firm that would provide comprehensive services with a more personalized, hands-on approach. At the time of its inception, McConnell & Company performed assurance, internal audit outsourcing, tax, and financial planning services for companies in the public and private sectors.

1992

Empirical Management Services

With the goal of providing more personalized service, Odysseus Lanier and Sharon Murphy formed the management consulting firm Empirical Management Services (EMS) in January 1992. EMS provided management advisory services to meet the needs of clients in both the public and private sectors, and provided a variety of services, including conducting management and operational performance reviews, process improvement, cost containment, revenue enhancement studies, and research and focus groups.

1996

McConnell & Jones LLP

In January 1996 tax expert Thomas Jones Jr. joined Wayne McConnell and the company expanded to become McConnell & Jones LLP.

1999

McConnell Jones Lanier & Murphy LLP

In March 1999, McConnell & Jones LLP merged with Empirical Management Services (EMS). With the merging of the two organizations, the highly-qualified, full-service professional firm McConnell & Jones Lanier & Murphy LLP (MJLM) was formed.

1999-2015

MJLM

Between 1999 and 2015 MJLM served as a consulting firm providing risk advisory and business profit improvement, while separate affiliate, McConnell & Jones LLP provided assurance and tax service.

2015

Rebranding: McConnell & Jones LLP

In 2015 the consulting division of MJLM began operating under the McConnell & Jones LLP brand. Today, McConnell & Jones provides all financial and tax services, as well as business process improvement and risk advisory services, under the same brand.