Audit Readiness & Support
Alleviate audit stress
Whether this is your company’s first audit or simply its next one, preparation is essential. Lack of readiness can result in timeline delays, audit inefficiency, unexpected costs and control deficiencies. We combine technical capability with extensive accounting expertise to deliver successful audit readiness and support, whether it’s an AICPA or PCAOB audit.
Preparing and supporting successful audit
Cash to Accrual Accounting Conversion
Many businesses still utilize cash accounting because it is the easiest way to track revenue and expenses. However, accrual accounting is more accurate with reported results, but can require complicated adjustments. Our experts possess a deep understanding of accounting principles and complex processes, providing a sustainable plan to convert your organization to the accrual method – a step that will inevitably become necessary as you scale.
Technical Accounting
Rules and regulations introduce complexities into audit processes and limit auditors in offering advice and direction on how a new or unique transaction should be handled. We possess the advanced technical know-how and knowledge to supply on-demand accounting expertise for implementing new financial rules such as:
- ASC 606 (Revenue Recognition)
- ASC 842 (Leases)
- ASC 326 (Credit Losses)
- Complex debt/equity arrangements
- Purchase price accounting
- S1/S4 preparation
- 10Q & 10K Reporting
PCAOB Preparation
PCAOB standards demand a higher level of financial transparency and responsibility, and are required as part of your IPO process, or ongoing public company compliance. Our specialized team ensures all relevant information is prepared, collected and provided to auditors on a timely basis.
Ongoing Support
As auditors request additional information throughout the audit process, we’ll be right by your side ready to dig deeper into the area of concern to provide clarity. As your trusted partner, we know audits can put a strain on your organization. We help alleviate stress by focusing on the required compliance and support and allowing your team to focus on their daily activities.
Cash to Accrual Accounting Conversion
Many businesses still utilize cash accounting because it is the easiest way to track revenue and expenses. However, accrual accounting is more accurate with reported results, but can require complicated adjustments. Our experts possess a deep understanding of accounting principles and complex processes, providing a sustainable plan to convert your organization to the accrual method – a step that will inevitably become necessary as you scale.
Technical Accounting
Rules and regulations introduce complexities into audit processes and limit auditors in offering advice and direction on how a new or unique transaction should be handled. We possess the advanced technical know-how and knowledge to supply on-demand accounting expertise for implementing new financial rules such as:
- ASC 606 (Revenue Recognition)
- ASC 842 (Leases)
- ASC 326 (Credit Losses)
- Complex debt/equity arrangements
- Purchase price accounting
- S1/S4 preparation
- 10Q & 10K Reporting
PCAOB Preparation
PCAOB standards demand a higher level of financial transparency and responsibility, and are required as part of your IPO process, or ongoing public company compliance. Our specialized team ensures all relevant information is prepared, collected and provided to auditors on a timely basis.
Ongoing Support
As auditors request additional information throughout the audit process, we’ll be right by your side ready to dig deeper into the area of concern to provide clarity. As your trusted partner, we know audits can put a strain on your organization. We help alleviate stress by focusing on the required compliance and support and allowing your team to focus on their daily activities.
