Webinar: Preparing For an Audit Unlike Any Other

Here’s eight key pressure points companies can expect to face during this year-end audit process.

As the end of the financial reporting year approaches, external auditors are finalizing their risk-assessments and determining which financial statement accounts and processes will garner the most attention. In turn, companies are preparing to respond to numerous requests to facilitate the timely completion of a successful audit. “When CFOs and Controllers are asked about expectations for a successful audit, the most frequent response is ‘limit surprises’,” says one assurance senior manager at a Big Four audit firm. Frequently, the best path to achieving an efficient audit is to proactively evaluate and address potential audit issues before they become issues at all. In this article, Riveron explores some of the most significant emerging audit issues that represent time-saving opportunities if addressed prior to the year-end reporting period.

The inclusion of critical audit matters in a company’s audit report will provide financial statement users with more insight into the audit process.

Riveron explores three areas of focus that can strengthen this year’s audit preparations.