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IPO Readiness

Why Us

When your company is in growth mode and eyeing an IPO, the last thing you need is expensive red tape that diverts you from your goal. Let Armanino’s IPO Readiness team show you the most efficient way to reach your destination, based on your strategic plan.

Our financial and business process consultants have deep expertise in SOX and internal controls, technical accounting, SEC reporting, systems evaluations and implementations, business process re-engineering, tax consulting, and much more. We also have longstanding relationships with all the major auditing firms―and many of our team members came from the Big Four. We speak their language and can work effectively with them to help you achieve your goals.

It’s also true what they say about big ships turning slowly. This applies to our larger competitors, which means you may wait months just to be accepted as their client. Armanino provides the same level of expertise without the bureaucracy, so if you need to act fast, we can start your IPO process in a matter of days. Throughout the process, we’ll help you make the necessary changes to your organization as quickly as possible, so you can time the market correctly.

We help companies complete each of the key milestones along the IPO path, including:

  • Preparation of audited financials: We help you prepare the two to three years of audited financials required by the Securities and Exchange Commission (SEC).
  • Establishment of your plan for SOX and FCPA compliance: Our experts work with you to ensure that on day one of going public, you meet all guidelines and regulations for the Sarbanes-Oxley Act and the Foreign Corrupt Practices Act.
  • Drafting of your Form S-1: The lengthy Form S-1 registration statement is the first publicly available look at your business for investors. It provides a detailed view, not only of your financials, but of your risk factors, strategy and vision for the future. We work closely with you to assemble the required information and draft a clear, complete narrative of your entire business.        
  • Delivery of tax provision consulting for Form S-1 and filing it with the SEC: For private companies, income tax provision is an annual occurrence. For public companies, CFOs face a time-consuming process of filing returns quarterly. As your company prepares to file, we ensure your provision process is streamlined to meet reporting requirements and avoid the worse-case scenario―a restatement of a prior financial report. We can also review uncertain tax positions pre-IPO so you aren’t faced with a big fluctuation in your effective tax, as provisions are typically 30-40% of a company’s net income before tax.
  • Assessment of non-income tax areas: While provision is a key component to IPO planning, companies should also ensure that they’ve taken a full inventory of non-income tax areas prior to going public. These areas include sales tax, real property tax, stock transfer taxes, transfer pricing  and intercompany agreements, and R&D tax credits.

  • Updating of financial statements and response to SEC comments: We update your quarterly financial statements and quickly address any SEC comments on the Form S-1 or your submitted financials, so you can avoid having to file costly, time-consuming revisions.

  • Preparation of auditor’s comfort letter: Obtaining a comfort letter from your audit firm is a market standard when going public. This documentation helps confirm the accuracy of your auditor’s processes and procedures performed to arrive at their audit opinion; it’s also used to validate the financial statements as reported in your Form S-1.

  • Assistance with road shows: From compiling an accurate, effective deck to walking you through mock presentations, we help you prepare your all-important pitch to investors.

  • Performance of your 10-K annual audit: The IPO is just the beginning of your life as a public company. We help ensure that you hit the ground running and meet the critical financial reporting deadlines that occur shortly after your IPO date.

  • IPO Valuation: We provide assistance with any accounting and regulatory issues regarding pre-IPO and IPO valuations, including 409A analyses, deferred compensation expense calculations and other related services.

  • IPO Readiness Assessment: Our IPO Readiness Assessment is a structured way of analyzing and reporting on your company’s readiness for going public. It’s a good starting point for your IPO process preparations and includes key areas such as:

    • Financial reporting procedures, technology assessment and internal controls

    • Corporate structure and tax considerations

    • Financial track record

    • Corporate governance

The efficient assessment process typically takes three to six weeks from start to finish. The output? A detailed one- to two-year roadmap of what you need to address to operate as a public company.

Resources

Business Man With Briefcase At Starting Line On Track Feature

At a recent roundtable, experts from Armanino and Nasdaq spoke with tech firm finance leaders about their IPO readiness concerns and best practices.

Sneak Peek into New Standards and Emerging Issues

PCAOB has published reorganized auditing standards. We explain how the new framework will make the audit process more efficient and several emerging issues that warrant special attention.

The CFO’s 10-Step Guide to Sleep the First Year after Ringing the Bell

High growth entities should view IPO readiness not as a single, defining event, but as the CFO’s opportunity to create additional valuein the company lifecycle.

IPO Blocks on Wood Table Feature

Finance leaders who have been through the process say that as CFOs drive the private-to-public transition, they need ...

Man Looking At Watch Feature

On July 9, 2015, the FASB officially deferred implementation of the landmark global revenue recognition accounting standard by one year; IASB followed suit on Jul ...

Oversized Man in Office Building Thumbnail

Analyze the steps software/SaaS companies take to create the optimal back-office foundation for meetin ...

How-to Guide: Walking your Board through a 409A Valuation

To avoid expensive tax liability for your privately-funded company, and more importantly, your employees, ensure your Board of Directors has the tools to properly understand the valuation process.

The CFOs 5 Step Guide to IPO Execution

The CFO needs to assess all of the different areas that need to be improved—and sometimes there are some large holes—in order to ensure they are prepared to tackle this major change in their business.
Speaker Microphones Sign Jobs Act Thumbnail
On April 5 this year, President Obama signed the JOBS Act into law. The legislation designed to give a new designation of emerging growth companies an easi ...

IPO Readiness: Why Now?

Getting your company ready for an IPO isn't easy, nor is it cheap; in fact, it's disruptive and takes people out of their comfort zones. But that's exactly why you should consider preparing for the IPO well in advance ...

Experts

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