External Audit Preparation

External Audit Preparation

Preparing for an external audit takes bandwidth.

Advisory Test

Our team is comprised mainly of former external auditors from the Big 4 and other top-tier audit firms; this experience provides us with a unique perspective that helps alleviate your financial statement audit pain points. We can act as the external audit project manager to ensure efficiency, assist with preparing schedules, analysis and drafting financial statements.



Advisory services that elevate your business.

Our experienced technical accounting professionals can help your organization be ready for this rigorous process and anticipate roadblocks that could prolong your external audit.

Audit Preparation and Support:

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.

Reconciliations and Schedules:

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.

Communication with Audit Firms:

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

Audit Support for PCAOB Uplift Procedures:

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.
The mergers and acquisitions (M&A) landscape is currently facing an unprecedented era of uncertainty, with historically low transactions, rising interest rates and broader concerns about economic volatility.

The challenges of rising interest rates, a sluggish economy and the possibility of a recession are all factors that have the potential to weigh heavily on the financial health of companies.

The IPO market has hit a relative standstill after frothy valuations, easy money and investor enthusiasm drove a record-setting 2021.

Gary Klintworth

Senior Managing Director


Jim Loughmiller

Senior Managing Director


Kevin Jacobson

Managing Director