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Audit Risk Mitigation

How We Help

Are you running a lean accounting department? Of course you are. This means that at quarter end and year end, you are always stretching your team to accomplish more with less. And it can translate into working too much overtime to meet the requests from your external auditors for certain “prepared by client” (PBC) schedules because maintaining specialized or overflow resources is impractical for most organizations

Is your organization risking turnover as team members look for a better life-work balance? Are the hidden costs of employee stress or retention challenges to the company really worth it? There is a solution!

Let Armanino’s CFO Advisory Services Team serve as an extension of your team.  We’ll be on call to lead or assist with quarterly updating of the schedules required by your auditors. We work with your team and auditors to adapt our standard schedules to meet expectations. We then use your records to develop and populate those schedules, and conduct the necessary research to explain variances as required. Armanino can ensure that at quarter and year end, all PBC schedules are ready for the auditors – with all of the required supporting information and explanations.

Do you also find that drafting the accounting position memo for a new or complex transaction is always worked on at the last minute? With the auditors waiting to review? Armanino can also assist with the documentation of those new or complex transactions that require formal position papers to be developed to meet your own needs and those of your auditor. Let us assist to make you and your team more productive.

Our team’s skillset covers all technical areas of accounting such as revenue recognition, complex liability and equity instruments, derivatives, stock-based compensation and income taxes. We can also provide financial statement preparation and SEC reporting support as needed for timely reporting to investors and regulators.

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