Audit Readiness
As your Company grows, stakeholders, including investors, banks, and regulators, will become more interested in reviewing your financial statements. To give your Company's stakeholders the confidence they need to keep moving forward, you will need an audit of these statements to give your stakeholders the confidence they need to keep moving forward. A lack of audit readiness can lead to an audit that takes longer and Auditors identifying significant deficiencies and material weaknesses. Beyond paying higher-than-expected fees and taking additional time, deficiencies and material weaknesses could diminish stakeholder confidence and jeopardize whatever big step(s) your Company has planned.
For your audit, preparation can also be demanding. Many companies underestimate the time required to prepare for and records needed to support the audit process. Companies usually are staffed for daily operations, and adding in audit requirements and requests may be overwhelming. Understanding and assessing the information an audit requires before that audit begins can help companies avoid problems along the way. Our team can provide everything from an audit readiness gap assessment, audit assistance services, and even financial statement preparation assistance. Our team will tailor our audit readiness services approach and resources based on the Company's needs to assist you in being successful in your financial statement audit.