Whether you are preparing for an external audit for the first time or just need technical expertise and bandwidth in order to prepare for this rigorous process, our team is here to help alleviate pain points and anticipate roadblocks. Our team can act as the external audit project manager in order to ensure efficiency.
- Reconciliations and Schedules: We can handle preparation of account reconciliations, equity and fixed asset rollforwards, 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, we can communicate effectively with the audit firm, respond to the auditor’s inquiries which often includes drafting of technical memos, as well as function as the overall project manager for external audits.
- Financial Reporting: We assist with preparation of GAAP compliant financial statements, including drafting of financial statement footnotes, classification review and completion of disclosure checklists required by the audit firms.