Quick Links


Home > Services > Audit > SEC Services

SEC Services



Armanino has been auditing public companies for more than 20 years. And, with the stricter requirements in Sarbanes-Oxley (SOX), our firm expanded the work provided to SEC registrants. We have served approximately 100 public registrants in four distinct ways. Armanino’s most recent PCAOB inspection report revealed absolutely no comments citing any deficiency in the audit or improvements that the PCAOB deemed appropriate. These results are a testament to the quality with which we address our work.

Internal Control

Since the introduction of SOX, we have worked with clients to meet their compliance needs. We provide more than just compliance; we address SOX strategically, with the goal of mining true value. If done with the mindset of re-engineering, this can lead to improved corporate governance and more transparent, accurate and reliable financial information.

Compliance with SOX is not a once-and-done effort

  • SOX requirements change annually for companies and audit firms
  • IT systems and infrastructure change periodically
  • Monitoring of compliance is a cornerstone of the program
  • Assessment must be done annually
  • There are new opportunities for efficiency each year
 For non-audit clients, we design, implement and maintain an infrastructure to sustain compliance efforts
  • To achieve sustainable compliance, companies should build an efficient compliance infrastructure that enables repeatable, reliable actions by:
  • Establishing processes that support the business and have appropriate integrated controls
  • Hiring and training competent staff to support business and IT control processes
  • Optimizing processes and controls using technology where possible
 Armanino’s approach is consistent with AS-5 and SEC’s Management Guidance
  • Principles based: Top-down risk-based approach
  • Management has significant flexibility to tailor approach
  • Risk assessment considers characteristics of financial reporting elements and controls
  • Effective, precise entity level controls reduce process level documentation and control testing
  • Focus on core key controls resulting in a streamlined and efficient control set
  • Amount of evidence based on level of risk
  • Allows increased reliance on management’s (or third party) work
 How Armanino can help
  • Right sizing of key financial controls through a comprehensive risk assessment
  • Optimization of your controls through process reengineering and analysis
  • Cost savings through increased reliance by external auditors
  • More expertise per dollar—No need to hire a full-time person to do a part-time job
  • Experienced professionals who work quickly and communicate in “plain English”

Tax Compliance

Armanino fields a powerful team of tax professionals who formerly served as key members of Big Four tax practices in Silicon Valley including domestic, international and state/local tax partners. Our audit team leverages their expertise in provisions (including FIN 48) and international taxes to ensure a quick and thorough review of your tax accounts.

Armanino’s tax practice understands the increasing complexity and global implications of tax issues facing growing companies. We have the diversity of expertise necessary to identify and resolve these issues. Our clients include some of the most prominent public and private companies in the San Francisco Bay Area.

Highlights of our practice include:

  • Multi-disciplined tax service offerings
  • Experienced professionals in the field (mostly partners and managers)
  • Highly competitive rates and fee structure
  • Flexibility in our approach to client service – advisory, loan staffing, complete tax department outsourcing
  • Collaborative and responsive

We also offer the following services:

  • Tax Provision Consulting/FIN 48
  • International Tax and Transfer Pricing
  • State & Local Tax
  • Loan Staffing
  • Stock Option Accounting (123R) and Complex Tax Data Analysis
  • Tax Process Design
  • IRS Audit Support
  • Net Audit Loss Limitation Analysis (Section 382)
  • Mergers and Aquisitions


There are times when you have to turn to outside expertise. The key to success is selecting the right partner. With this in mind, Armanino offers an integrated collection of services designed to meet the needs of both growing and established public companies.

Every project is unique. And the needs of each client vary. That’s why Armanino builds each engagement team based on the exact objectives of the project. We pride ourselves on being easy to do business with. Our clients benefit from the quality, reliability, and excellent value of our services.

In the end, we free you up to do what you do best. When your organization is in need of expert external capabilities, Armanino offers you a tailored approach and bottom-line results.



2020 SEC Audit Fee Survey

Armanino has compiled and analyzed more than 600 California-based public companies’ revenues and audit fees over the past three years to provide you with a tool to quickly compare your audit fees to those of your p ...

2019 SEC Audit Fee Survey

Armanino has compiled and analyzed more than 600 California-based public companies’ revenues and audit fees over the past three years to provide you with a tool to quickly compare your audit fees to those of your p ...

Grace Period for “Good Faith” Income Tax Reporting Ends Soon

Companies that follow GAAP (whether public or private) may find themselves unprepared if they don’t fully understand how the TCJA affects them.

2018 SEC Audit Fee Survey

Armanino's SEC Audit Practice Lead Matt Perreault compares public company audit fees, sorted by revenue, paid to regional, national and Big 4 external auditors during 2015, 2016 and 2017.

Loan Losses: It’s Time to Sync the FASB and SEC Guidance

SEC officials plan to update the interpretive guidance for estimating loan loss allowances to reflect the FASB’s updated credit loss standard, which takes effect in 2020.

PCAOB Outlines Priorities for the Year

The PCAOB’s new members plan to complete several existing standard-setting projects in the coming months and keep researching ways to increase the use of technology in auditing.

Are You Ready for the New Credit Losses Standard?

The new rules will require banks and other creditors to recognize losses on bad loans earlier.

Rolling Back Dodd-Frank, Piece by Piece

Proposed legislative and SEC changes would further scale back the Volcker Rule and reporting and disclosure requirements, and allow larger public companies to qualify as EGCs.

Auditor Independence: How the SEC Wants to Amend the Rules

The proposal targets situations in which auditors are borrowing funds or issuing debt to accumulate working capital.

How Does Your Company’s Pay Measure Up?

Starting this year, public companies must calculate and disclose a ratio comparing CEO compensation to the median compensation for other employees.

Materiality and Disclosures: FASB Decides to Maintain the Status Quo

The FASB has abandoned its plans to amend the definition of “materiality” and to give businesses more discretion about what to include in financial statement footnotes.

Disclosure Relief: SEC Redefining ‘Smaller Reporting Company’

The SEC is close to adopting rules revising its definition of a smaller reporting company, as a way to promote capital formation and reduce compliance costs.

Update on Equity Crowdfunding

It's been nearly a year since the SEC began allowing private companies to raise funds from everyday investors. Here’s where things stand so far.

SEC Will Require Public Companies to Hyperlink Exhibits

The SEC has approved a final rule requiring public companies to include hyperlinks to their exhibits in regulatory filings.

Will the PCAOB Expand the Audit Report?

The PCAOB is close to wrapping up a project to expand the auditor’s report to make it more useful for investors. We summarize the history of this project and the views of parties in ...

Is XBRL Reporting the Wave of the Future?

Public companies are required to submit regulatory filings using XBRL. We explain what XBRL is, how it’s evolving and how it’s gaining traction in the United States.

SaaS Companies: When to Capitalize Costs

Our 2016 survey of 90 public SaaS companies includes excerpts from their development and sales commission accounting policy footnotes. We show both the trends and the disparity in practic ...

FASB Proposes Changes to VIE Guidance

The FASB recently proposed changes to the consolidated reporting guidance entities that are the single decision maker for a VIE. We review the proposal.

How Auditors Evaluate the Going Concern Assumption

The AICPA recently issued an exposure draft that would amend the guidance for how an auditor evaluates a company’s financial viability. We review the key aspects.

Redefining “Small” for Public Companies

Do you feel overwhelmed by the regulatory red tape that comes with being publicly traded? Relief may be in the works for some companies.

How Should the SEC Define “Accredited Investors”?

Investors and private businesses are at odds over who can invest in unregistered offerings. A recent SEC report explores the options in conflict.

Has the International Accounting Convergence Project Fizzled Out?

At one point, it looked like the SEC was set to publish a rule that would allow U.S. companies to use IFRS. But for now, it doesn’t look like we’re leaving GAAP behind any time soon.

Disclosing Government Assistance

FASB recently released a proposal that would give a better idea of the economic incentives companies receive from all levels of government. We provide details on the proposed disclosures.

Spotlight on Recent SEC Proposals

The comment deadlines for five SEC proposals are in early 2016. We summarize these proposals to help public companies better understand impending changes to the regulatory environment.

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.

FASB Standard on Financial Instruments

FASB has published its accounting standard to change how to recognize and measure financial assets and liabilities. We explain what’s changed and why this standard barely won approval.

Amending the Goodwill Impairment Test: A Focus on Tech

FASB recently approved plans to simplify the goodwill impairment test. If finalized, it will be the second change since 2011. We explain the ramifications for tech companies.

Online Crowdfunding for Small Investors

On October 30, the SEC approved its final crowdfunding rules, allowing start-ups to raise equity online from smaller investors. Here are the details.

Man Looking At Watch Thumbnail

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 ...

SaaS Rev Rec Principles: How to Treat Setup and Implementation Fees

Our survey of 70 public SaaS companies includes excerpts from their revenue recognition accounting policy footnote, and their policy for recognizing non-subscription service revenues.

Conference Table Presentation Review Thumbnail

The IRS recently released guidance on two major areas affecting businesses—the Work Opportunity Tax Credit (WOTC) and the tangible property regulations, and ...

Blue Locks With Red Lock Unlocked Feature

Cyber attacks happen across all industries, to companies of all sizes. CFOs need to build and maintain an effective cybersecurity strategy to mitigate digital ris ...

FASB Issues ASU on Pushdown Accounting

On November 18, FASB issued Accounting Standards Update (ASU) 2014-17, giving an acquired entity the option to apply pushdown accounting when there is a change-of-control event.

Black Pencils Erasers With One Red Pencil Tip Thumbnail

AICPA has issued SSARS No. 21, which will help differentiate between when an accountant performs a compilation, engagement or prepares financial statements.

XBRL Advice for Non-Accelerated Filers

XBRL, a financial reporting format the Securities and Exchange Commission started enforcing for large companies two years ago, is now due to be implemented for the remainder of public companies.

Checklist for an Effective Non-Profit Audit Committee

Unless you’re a small nonprofit with no outside audit, it’s likely that your organization has an audit committee.

Revenue Recognition Overhaul Nears Final Phase

Companies will see significant changes in codes and disclosure rules due to a joint project that will replace the huge body of existing revenue recognition standards with a new single model.

SaaS: Should You Defer Setup, Install and Configuration Fees?

One of the new revenue recognition rules, ASU 2009-13 (ASC 605-25), effective for revenue arrangements in fiscal years beginning on or after June 15, 2010, is changing the rules of the game for companies selling bundled ...

SEC Calls Time: Are You Ready To Comply With XBRL?

The SEC has talked about XBRL for years — now it’s finally mandating compliance.

Public Companies: Top 5 Ways to Increase SOX Efficiencies and Cost Effectiveness

This top-five list gives you insight into the experience that accounting and consulting firm Armanino has gained while performing Sarbanes-Oxley (SOX) compliance services for sm ...

FASB Reworks Subsequent Events Guidance

On February 24, 2010, the Financial Accounting Standards Board (FASB) finalized Accounting Standards Update (ASU) 2010-09, Subsequent Events — Amendments to Certain Recognition and Disclosure Requirements. The ASU ...

The Push for Global Accounting Standards: Big Changes in the Works

In an increasingly global economy, most financial experts agree that a single, high-quality set of international accounting standards would provide significant benefits. There's less consensus, however, on how to get the ...

Many RIAs Must Comply with New SEC Custody Requirements

Late last year, the U.S. Securities and Exchange Commission (SEC) amended its custody rule — Rule 206(4)-2 under the Investment Advisers Act — to help safeguard investor assets. Now it’s time for ...