Audit Preparation

Delivery of this service can include full audit preparation for all accounts or just preparation of auditable financial statements and footnotes. We identify any transactions or disclosures that do not appear to be in accordance with GAAP, and we create an audit binder, prepare a lead sheet for every balance sheet account and provide supporting documentation below the lead sheet that supports the current year’s balances. AccountAbility will prepare a summary list of all major contracts that existed during the year under audit and generate a fluctuation analysis of current and prior year’s income statement accounts. Our team of professionals will develop or update each financial statement footnote, creating new footnotes when appropriate. We complete a GAAP disclosure checklist, and most of our Audit Preparation Services are provided by a CFO-level or Controller-level professional, with Accountants assigned for support and GAAP experts available to address complex technical areas.