Grassi’s Post

  Audit Readiness & Advisory   Proactive Audit Preparation Is Essential - Being well-prepared for an audit is crucial for any company, big or small. An unready business can face significant financial implications.   At Calabrese Consulting, we possess a deep understanding of what auditors seek. This allows us to respond to their inquiries promptly and efficiently, ensuring your audit process is not just compliant, but also optimally structured for effectiveness. Our Comprehensive Support Services:   -Collaborating with auditors for efficient audit initiation and conclusion. -Aiding in the examination or creation of audit schedules as required by auditors. -Systematically addressing auditor requests for documentation. -Overseeing audit adjustments from initial to final trial balance. -Advising on intricate technical accounting matters. -Drafting audit financial statements and pertinent footnotes. -Ensuring adherence to SEC, US GAAP, or IFRS guidelines.   https://lnkd.in/eQ2RrqE5   #calabrese #finance #accounting #ipo #nasdaq #spac #audit Jenn Calabrese Calabrese Consulting LLC

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

Client Advisory Services have become the heart of growing businesses. While technical skills are still an integral part of accounting firms, they are gradually inclining towards providing CAS - allowing firms to transition into a more strategic role. So how do you integrate CAS into your services? What are the steps that could bring both you and your client on the same page? Read to know all about it: https://zurl.co/8iPV #finsmartaccounting #advisory #CAS #accountingandaccountants #outsourcing

Struggling to grow your CPA firm? This CPA firm did until they discovered the power of strategic outsourcing [to US]! Discover how they unlocked new expertise, boosted client service, and achieved sustainable growth. Link in the comments! . . . #CPAFirm #StrategicOutsourcing #ClientService #BusinessGrowth #Expertise #SustainableGrowth #Accounting #Outsourcing #CPA #ProfessionalGrowth #casestudy #tmgpitch

SPAC Feed: The PCAOB has released a new Spotlight on auditor independence, which provides observations from PCAOB inspections regarding independence issues and… - https://lnkd.in/ePJXm2kP #SPACs #SPACNews #SPAC #IPO #markets #news #capitalmarkets #trends #goingpublic #finance #business

Carve-out transactions are complex and come with a host of accounting challenges and potential pitfalls. Understanding these pitfalls are the first step in overcoming them. Our experts have put together an indispensable guide to help you do just that: https://bit.ly/3sYwHp9 #CFGI #CFO #CarveOutAccounting #AccountingAdvisory #AccountingPitfalls

Navigating Fair Value after an acquisition can be overwhelming, especially when working with auditors to file GAAP financials 📈. Understanding purchase accounting and working effectively with auditors is crucial 🤝. I've compiled some insights in an article titled, "How to Work with an Auditor on Fair Value Issues," 📝 where I delve into the typical process, considerations for valuing intangible assets, and common red flags 🚩 auditors look for during their review ⚖️. Whether you're making your first acquisition or you are a serial acquirer, this article offers valuable insights to help streamline the intangible asset valuation process and ensure compliance with GAAP standards ✅. #FairValue #FinancialReporting #IntangibleAssets #Auditing #Accounting #MergersAndAcquisitions #GAAP #ASC805 https://lnkd.in/gzUBaXx7

Did you know that using regular management accounts can significantly improve your decision-making process? At Critchleys, we offer outsourced management accounting services designed to provide you with the most up-to-date financial insights, ensuring your business is always on the right track. Have a chat with Josie Trainor, our Head of Outsourcing, to explore how our team can support your business. #Outsourcing #ManagementAccounting #BusinessGrowth #Critchleys #FinancialManagement #Compliance #Expertise

Deloitte is scaling back its corporate finance business to concentrate on 'larger, sector-focused M&A activity.' It seems that certain projects are too small for them and they are instead focusing on higher value work. It remains to be seen whether the rest of the Big Four will follow suit… Did you know that we offer a wide range of corporate finance services at The Carley Partnership? And no project is too small for us! Read more about our services here ➡️ https://lnkd.in/eniFKQFN #CorporateFinance #TheCarleyPartnership

🚨 Are you an #accounting firm owner or part of a #PE firm looking to stay ahead in the industry? 🚨 Let's dive into the latest #PrivateEquity and #MergersAndAcquisitions trends shaping our sector.