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