2023 Audit Committee Priorities
“Companies are continuing to re-evaluate their disclosures as stakeholders seek to understand the impact of various external developments on the business. This includes the continued global economic uncertainty; climate and other ESG factors; and evolving geopolitical developments.” - EY CEO Survey 2023
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Public Company Financial Reporting - Transformation Options
Continuous Monthly Subscription Model
Immediate same day access and ongoing monthly assistance
Detailed review and comments on all quarterly and annual filings, earnings releases, investor script, and investor presentations
Assistance with audit readiness and addressing of complex accounting matters
Ongoing review of technical memos
Quarterly competitive disclosure analysis
Monthly SEC update - SEC guidance and comment letter trends
Quarterly financial reporting controls analysis review
Comment letter response assistance - Drafting and Research
Workiva SEC Reporting - Assistance with setup, roll forward, and functionality
XBRL tagging review and troubleshooting
Access to extensive technical accounting memo library
Assist management in establishing and maintaining adequate internal control over financial reporting (ICFR) as well as disclosure controls and procedures (DCPs) for items disclosed in Exchange Act reports, and evaluating the effectiveness of ICFR.
Invitation only - Quarterly CAO/Controller Public Company Roundtable / CPE Provided
Periodic Consulting Model
Accounting Advisory & Support:
Research and drafting of technical accounting memos. Recent memos include the following: Business Combinations (ASC 805) | CECL (ASC 326) | Segments (ASC 280 | Variable Interest Entities (ASC 810) | Related Parties (ASC 850) | Impairments (ASC 350)
Assist with public offerings (S-1, S-4, 144A)
Preparation of Reg. S-X compliant financial statements and footnotes
Preparation of SEC comment letter responses.
Audit Assistance / SAB 99 Memo
Outsourced SEC Reporting:
Preparation of 10-K, 10-Q and 8-K filings
XBRL tagging and initial document prep.
Workiva / Wdesk - Setup, implementation, and ongoing reporting services
Investor Relations Quarterly Slide Deck - Preparation & Tie-Down
Interim Chief Accounting Officer / Corporate Controller:
Expertise in public company reporting.
Recent engagement included supporting the CFO in audit committee matters, managing the preparation and submission of SEC filings, coordination with external auditors and annual impairment testing.
“The SEC staff continues to emphasize the importance for disclosures that provide decision useful information to investors, including how changes and uncertainties may affect the predictive value of historical financial information ”
— BDO - Audit and Risk Committee Priorities 2023