Accounting Advisory
Financial Statement Preparation and Audit Preparedness
Whether you have had audits completed regularly or are entering the process for the first time, we can provide support through all phases of audit preparation including:
- pre-audit planning,
- reconciliation of critical balance sheet accounts,
- preparation of audit workpapers and schedules,
- evaluation of revenue and expenditure accounts including flux analysis and/or transactional review,
- drafting financial statements and accompanying footnote disclosures, and
- assistance with external auditor requests and communications.
As part of our process, we will make any recommendations for GAAP accounting and SEC reporting compliance and financial reporting to facilitate ease of the process in future fiscal periods and propose any required journal entries to align financial results with U.S. Generally Accepted Accounting Principles ("US GAAP"). We can also assist with transition from other modified bases of accounting (e.g. tax basis accounting, cash basis accounting, Small Business Reporting) to full accrual accounting under US GAAP.
Standard Adoption / Technical Accounting Whitepapers
Organizations need a comprehensive action plan to interpret applicable accounting requirements and disclosures, identify key issues to manage, process revisions, adjust accounting systems, identify applicable data capture requirements, and revise internal controls. We can assist across a range of increasingly complex accounting areas, including matters such as business combinations and divestitures, goodwill and investment impairments, consolidations including foreign currency translation support, financial instruments and adoption of new standards such as revenue recognition and leases. We offer comprehensive plans for implementation and go-forward accounting, including financial statement disclosures, for enacting standards newly issued by the FASB or new to your organization as a result of changing business needs that may include policy drafting if none exist.
Public Company Transition
Taking a company public via initial public offering ("IPO") or through acquisition is a complex and time-consuming process that results in rigorous reporting requirements. Our team has the IPO and SEC reporting expertise required to assist organizations with the preparation of documents vital to the IPO process such as S-1 and S-4 financial information, as well as handling the complex array of components essential to going public inclusive of preparing SEC annual and quarterly filings (10-Ks and 10-Qs) and implementing a robust internal control framework as required by Sarbanes Oxley. We can assist with pre-IPO assessments to develop appropriate timelines and goals to maximize success of an offering or a de-SPAC transaction. Further, we will collaborate with you, and your external auditors, on the execution of these plans as and when your organization determines the time is right to launch in the public market.
Interim Accounting Support
For a myriad of reasons, companies may have insufficient resources to execute critical initiatives such as special projects or address technical accounting or compliance requirements. Whatever the reason, our professionals offer significant senior operating experience in the areas of financial operations, financial reporting, and financial planning and analysis. We assist with addressing the needs of companies that need interim or part-time support, as well as integration of newly acquired companies to transition new organizations to maximize the chances of success in a transaction. Using our technical accounting expertise and deep operational know-how, we provide you with integrated support during critical transition periods by becoming an extension of your team, whether participating in special projects or providing day-to-day execution. Our services are provided on a fractional basis so you pay for only the time you need.
Internal Controls over Financial Reporting ("ICFR")
