Karl Hardesty, CEO的动态

With 2019 year-end audits coming up, are your clients’ adoptions of ASC 606 audit ready? Many companies are booking their 2019 revenues using 2018 revenue standards to date. Are yours? If so, independent considerations may require outside expert assistance. Most emerging and middle market clients don’t have adequate personnel to lead the implementation, & audit firms are restricted of how much non-attestation services they can provide to them. Revenue is pervasive to the financials, so auditor help in this area is a bigger risk to independence than most other non-audit services. Why? Auditors cannot be making the estimates and judgements that ASC 606 principles require. We can provide your clients with technical expertise and experience in implementing the standard. While you can and should provide your private company clients best practice advice, we can do the things auditors cannot, such as assist in testing and preparing the 5-step memo for each revenue pool as well as drafting the new footnote disclosures. We will work with your audit teams and clients’ management to ensure that the adoption of ASC 606 fulfills your client’s operational goals and the audit teams’ audit documentation requirements. For more information contact Rick Broustein at [email protected].