Audit Readiness
OFFERING OVERVIEW
Gets a company's books into the shape an auditor expects: a clean chart of accounts, historical transactions remediated to GAAP, cash-basis books converted where needed, and balance sheet reconciliations built out and documented. Our team accelerates the transaction-level remediation and reconciliation work with AI workflows, so a company can get audit-ready cost-effectively and on a defined timeline, whether that's ahead of a first audit, a PE acquisition, or a lender requirement.
Included capabilities
Cash to GAAP Conversion
Converts a client's books from cash-basis to accrual-basis (GAAP) accounting: reconstructing historical transactions, establishing accrual accounts, building supporting schedules (deferred revenue, prepaids, accrued liabilities), and training the accounting team on go-forward methodology. Typically triggered by a PE acquisition of a cash-basis business or audit preparation.
Chart of Accounts Redesign
Restructures, renames, and rationalizes the target company's chart of accounts to align with GAAP standards, parent company conventions, or platform requirements. Most applicable for non-QBO platforms.
Historical Books Remediation
Remediates inaccurate or non-GAAP-compliant transactions in the target's historical books through a defined cut-off, typically paired with controller training.
Balance Sheet Reconciliation Build-Out
Designs and builds standardized balance sheet account reconciliation workpapers tied to supporting schedules (prepaids, accruals, fixed assets, deferred revenue), supporting clean monthly close and audit readiness.
