Over the last few weeks, we've been talking about audit prep and the importance of tackling those key areas now. But where do you start? Preparing for an audit can feel overwhelming, especially if you're unsure where to focus first. The good news? You don't have to tackle it all at once. There are some key areas that, if addressed early, can make your audit prep much smoother and less stressful. Every company is different, but there are some common focus areas when preparing your financial statements for an audit, such as: - Revenue recognition - Accounting for acquisitions - Debt vs. equity considerations - Recent accounting standards - Reconciliations and supporting documentation Want a deeper dive into audit prep focus areas? Check out our blog. 🔗 Link in comments. #auditprep #yearend #technicalaccounting
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At Zeroed-In Consulting, we understand that preparing for an audit can feel overwhelming. But it doesn’t have to be! By focusing on key areas like revenue recognition, acquisitions, debt vs. equity considerations, and reconciliations, you can make the process much smoother and less stressful. Our recent post dives into practical steps to simplify audit prep and tackle these critical areas early. Don’t wait until it’s crunch time—start preparing today! What’s your biggest challenge during audit prep? We’d love to hear your thoughts. #AuditPrep #FinancialLeadership #SimplifyingComplexity
Over the last few weeks, we've been talking about audit prep and the importance of tackling those key areas now. But where do you start? Preparing for an audit can feel overwhelming, especially if you're unsure where to focus first. The good news? You don't have to tackle it all at once. There are some key areas that, if addressed early, can make your audit prep much smoother and less stressful. Every company is different, but there are some common focus areas when preparing your financial statements for an audit, such as: - Revenue recognition - Accounting for acquisitions - Debt vs. equity considerations - Recent accounting standards - Reconciliations and supporting documentation Want a deeper dive into audit prep focus areas? Check out our blog. 🔗 Link in comments. #auditprep #yearend #technicalaccounting
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Shorter audit timelines for mid & large unlisted companies have been a topic of discussion for some time. While many of these companies, including subsidiaries of MNCs and those backed by PE investors, are prepared for audits by early April, current deadlines often lead to delays. This can be frustrating for finance and accounting teams, who ideally want audited financials completed by May. Just as early month-end closure allows teams to focus on future developments, a quicker year-end audit frees them up to concentrate on the next phase of growth. Could tighter deadlines be the answer? Enforcing stricter timelines could instill discipline in the audit process, benefiting both companies and auditors. Companies would receive audited results sooner, and auditors would be held more accountable for timely completion. This, in turn, would improve transparency and efficiency for unlisted companies, allowing them to make strategic decisions with the latest financial information at hand. What are your thoughts? Is it time to revisit audit deadlines for mid & large unlisted companies? Share your insights in the comments below! #auditing #unlistedcompanies #financialreporting #deadlines #efficiency
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💼 Elevate Your Business with AEY Auditing of Accounts! 💼 Maximize your business’s financial potential with expert financial advisory services. From internal and external audits to investment strategies, we ensure your financial operations are accurate, compliant, and positioned for success. 📊💡 Our services include: ✅ Internal & External Audits ✅ Budgeting & Forecasting ✅ Review Reports & Insights ✅ Business Valuation ✅ Investment Advisory Let us help you make informed financial decisions. Contact us at 📞 +971564134070 or visit https://auditing.aey.ae for more details. #FinancialAdvisory #BusinessGrowth #Auditing #BusinessValuation #InvestmentAdvisory #AEYAuditing #Compliance
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Winning a Financial Reporting Valuation for an Audit: Key Strategies for Success 1. Start Early: Get the Audit and Valuation Firms Talking 2. Leverage Established Relationships: Use A Recommended Valuation Firm 3. Select an Experienced Provider: Financial Reporting Valuations Are Complex 4. Support the Auditor’s Perspective: Take Their Side if A Disputes Arise
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At Moore Dixon, our audit technology and approach ensures seamless global accounting and auditing services. We focus on understanding your business and its financial risks and deliver tailored audit solutions. Our goal is to provide insights that will fuel your business’s growth and drive your success. #MooreDixon #Audit #IsleOfMan #FinancialServices
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Is your company audit-ready? CFO Consulting Partners helps businesses prepare accurate GAAP financial statements, strengthen internal controls, and provide support for SEC filings. With our pre-audit readiness services, we ensure that your numbers and documentation are in perfect order before the auditors arrive. Minimize audit stress and uncertainty—talk to an expert today: https://lnkd.in/e44FFH4A #AuditSupport #FinancialCompliance #CFOConsultingPartners
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Creating the right package is key to delivering a great client experience and getting the results client’s need. 🔑 This is the advice of Future Firm Inc. CEO, Ryan Lazanis, CPA, who grew his accounting firm from scratch and sold it five years later to a large multinational firm. “The package is really the solution to it all, for not only systematizing your firm – that's the starting point – but to also provide the very best experience to your client. I think it really comes down to listening and hearing what clients are saying.” Ryan trains other firm owners and leaders to create tiered advisory service packages that are curated by listening carefully to client feedback. Ryan’s experience included evolving his service package from basic compliance services to a comprehensive offering with virtual CFO services and regular financial insights. This included monthly or quarterly client check-ins to spread the value throughout the year and justify the monthly pricing. ______________ For more insights on Ryan Lazanis’ process and how to structure and delegate your advisory services, watch the full 60 minute interview linked in our comments 🔗
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🔍 The Key to Choosing the Right CPA Engagement: Compilation, Review, or Audit? Ever wondered which type of CPA engagement suits your business needs best? Let's dive into the captivating world of financial statements and uncover the differences between compilation, review, and audit engagements! 📊💼 🔍 In this enlightening post, we'll break down the unique features, level of assurance, and scope of each engagement, helping you make an informed decision for your financial reporting requirements. 📑✅ ✨ So, whether you're a startup seeking cost-effective financial insights or an established corporation yearning for utmost accuracy, this post has got you covered! 💡 🔎 Discover the subtle nuances between compilation, review, and audit engagements and unlock the one that aligns perfectly with your business goals. Connect with our expert CPAs to discuss your specific needs today! 📞💼 #financialreporting #CPAengagements #businessadvice #financialinsights #expertconsultation
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Ensuring your financial statements are accurate and compliant is key to making informed business decisions. Our audit services provide a thorough review of your financial statements, helping you maintain transparency and trust. Let us guide you through the complexities of tax and advisory for better financial management. #Audit #FinancialReview #TaxServices #FinancialAdvisory #ADCPA #Compliance #TaxAdvisory #BusinessGrowth
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Listed Burford Capital has appointed Big Four firm KPMG as auditor after 14-year tenure by EY The audit committee of asset management firm Burford has confirmed that the board has approved the appointment of KPMG as statutory auditors, replacing EY who has handled the audit since 2010. KPMG will review Burford's financial statements for the three and nine months ending 30 September 2024 and will audit the full year ending 31 December 2024. Burford is dual listed in London and New York, and reports in US dollars. Explaining the decision to change auditors, Burford released a statement to the London Stock Exchange, stating: ‘While Burford is not subject to traditional UK mandatory auditor rotation every 10 years, Burford is nevertheless conscious of shareholder feedback about best practices in the UK market. ‘While it would have been disruptive to have rotated auditors during the transition to US GAAP and the addition of our New York Stock Exchange listing, with those items behind us now is an appropriate moment to abide by those best practices and move to another Big Four accounting firm.’ EY stepped down as auditors on 1 July after completing the audits of the financial statements for the first three and six month period ended 30 June 2024.
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