Whether it’s your first time or one of many, preparing for an external audit takes bandwidth. Experienced technical professionals can help your organization be ready for this rigorous process and anticipate roadblocks that could prolong your engagement.
Our team is comprised mainly of former external auditors, and 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 in order to ensure efficiency.
External Audit Preparation Solutions
- Reconciliations and Schedules: Receive assistance with the 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, 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, as well as function as the overall project manager for external audits.
- Financial Reporting: Access assistance 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.