External Audit Preparation

We provide full project management and support to ensure you are ready for and get through your external audit in the most efficient and effective way possible.

Receive assistance with the preparation of account reconciliations, equity and fixed asset roll-forwards, and other schedules requested by the audit team as well as various testing procedures ahead of the audit team to minimize audit adjustments.

With our experience as former external auditors, you can communicate effectively with the audit firm and have support for responding to the auditor’s inquiries which often includes drafting of technical memos and function as the overall project manager for external audits

Our team can get you ready for a PCAOB audit by doing the following:

• Converting private company financial statements and footnotes into SEC-compliant financial statements and footnotes.
• Developing and drafting a policy for allocating overhead costs to profit and loss (P&L) departments.
• Preparing a cheap stock letter that outlines the valuation methodologies used to determine the value of significant equity grants during the 12 to 18 months preceding an initial public offering (IPO) or de-SPAC event.
• Creating EPS (Earnings Per Share) calculations and a memo addressing segment disclosure requirements.