industry
Business Services

Business services co. needs an audit readiness service tune-up​

Key metrics:
  • Enabled successful Financial Statement Audit execution ​​​
Value levers pulled:
  • Audit readiness
  • Financial statement preparation and analysis
  • Accounting policies and procedures
  • Account reconciliations

Picture this...

You’re a business services company that’s dealing with significant delays in completing your annual Financial Statement Audit. You’re struggling to provide auditors with the necessary supporting documentation for the Purchase Price Accounting adjustments related to your recently acquired businesses, as well as the tax provisions for various reporting periods. You need help getting everything in order.

You turn to Accordion.

We partner with your team to assist with overall audit project execution, specifically managing and resolving outstanding audit requests. We:

  • Work with your finance team to facilitate the completion of your two audits, acting as the liaison between you and the audit teams.
  • Review and complete financial statements, including the balance sheet, income statement, cash flows, statement of equity, and related financial statement footnotes.
  • Document technical accounting memos to support your policies and audit processes.
  • Resolve outstanding items related to the valuation of recent acquisitions, analyze tax basis adjustments, finalize the tax provisions for opening/closing balance sheet periods and the stub period, and settle year-end tax calculations.

Your value is enhanced.

You successfully execute your financial statement Audit.

The process is so seamless that you engage us again to assist with the Financial Statement Audit with a specific focus on ASC 606 Revenue Recognition and Deferred Revenue of SaaS contacts.

Enhanced value:

You reap multiple benefits, including:

  • Audit readiness
  • Financial statement preparation and analysis
  • Successful Financial Statement Audit execution ​​​​