A clear and accurate financial picture makes for good decision making
It is always important to have a clear picture of the financial health of your organization. In economic downturns and tight credit markets, it is even more important. Ledgers and internal reporting that accurately reflect your financial information enable managers to make better decisions. And financial statements that are audited by respected accounting and financial management professionals give lenders and investors the confidence they need to support you.
Internal audits ensure accurate information
To ensure the accuracy of the information, our risk management team and its specialized internal audit consultants can conduct internal control assessments and reviews. They have experience in nearly every industry across the country and around the world.
Sarbanes–Oxley compliance requires rigorous internal audits for publicly traded companies, but managers of all organizations have begun to see advantages to the information internal audits provide management.
With increasing demand for transparency, preparing for financial statement audits has become a lot more complicated. And the future seems to hold even more regulations, new requirements, and an increased compliance burden.
You will benefit from our industry knowledge
Our audit and accounting services consultants can help you assess how you collect your financial information, record it, organize it, and report it to ensure it provides a clear picture of your business. You will benefit from the deep industry knowledge our financial support services team, including accountants and auditors, bring to your projects. They will come ready to work.
Our financial accounting team won’t bog you down with a laundry list of background questions because they understand the issues your industry faces. If complicated revenue recognition is a factor in your industry, we will know about it. If legislative developments are a challenge, we’re aware of them. If percentage of completion is a concern, we’re on top of it.
And behind each team of financial accounting consultants and auditors is a professional standards department that specializes in supporting our various industry teams. For instance, if you are a technology company, the accounting and auditing team working on your financial statement audits can draw on professionals in our standards department dedicated to your issues.
Growth calls for more complex record keeping
You can depend on our accounting and auditing staff for technical advice, support tools, guidance, financial support services, accounting outsourcing, and financial services and even training when needed. For instance, after the FDA approved several of its products for testing, a medical device manufacturer saw real opportunity for growth, but the company needed capital.
Before it could go out to investors, it needed to bring the company’s books and records up to new standards, so the managers turned to our financial support services team. They retooled the company’s small accounting department and brought in a team of internal auditors who could document the status of the company’s employee benefits and the security and dependability of IT information systems. The financial support services team was able to give the managers the data they needed to successfully tell their story and demonstrate their future promise.
Technical accounting and financial reporting
If you need help with a conversion to International Financial Reporting Standards (IFRS) or if you are in or emerging from Chapter 11 and need fresh start accounting, you can depend on the Plante & Moran accounting and audit professionals. They will invest their talents in your success. Because of the firm philosophy that encourages collaboration, they can also draw on the talents of their 1,600 colleagues to provide you an exceptional level of thinking and problem solving.
And because of record-setting employee retention, you will see the same faces on your projects from one year to the next.
When we begin to work with you, you will understand what we mean when we can say – your business is our business.