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It is important to have a clear picture of the financial health of your organization. Ledgers and internal reporting that accurately reflect your financial information enable managers to make better decisions.

Audit and Accounting Services

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.

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A-133 Single Audit

The American Recovery and Reinvestment Act (ARRA) of 2009 has significant implications for audits performed under OMB Circular A-133. If you have received funds under the ARRA, you probably know that they come with an unprecedented demand for accountability and transparency and require reporting an unparalleled amount of data.

Accounting Outsourcing & Financial Services

If you need a CFO, or if you are a CFO in need of an accountant, our financial support services team can fill your request. If you need help preparing your financial records or processing transactions, our accounting staffing services team can get the work done in a timely manner providing accurate information. If you need a new accounting system or help with enterprise project management that will take your organization to a new place in its life cycle, we can also help. For instance, we have a team of project management professionals with experience in bankruptcy, accounting, tax, valuation, and systems to help you through the requirements outlined in Financial Reporting by Entities in Reorganization under the Bankruptcy Code (SOP 90-7).

Benefit Plan Audit

Plante Moran has a team of CPAs that specializes in employee benefit audits. The largest plan we audit has more than $22 billion in investments and the largest master trust has $50 billion in investments. Whether your plan is big or small, you can benefit from our experience and dedication to client service. Client surveys conducted over the last three years indicate that we have met or signifcantly exceeded their expectations.

Risk Services

The Enterprise Risk Services (ERS) team includes professionals who have experience working in large, publicly traded companies. They have held positions such as VP, general auditor, financial director of business planning and analysis, and chief audit executive.

Financial Statement Audit

Whether you follow U.S. GAAP or IFRS, or both standards, Plante Moran can provide a thorough and professional audit. You will appreciate our well-designed process and focus on client service. Our audit opinion combined with our good reputation will help assure your stakeholders, as well as tax authorities, banks, regulators, suppliers, customers and employees that your financial statement fairly represents your organization.

IFRS

The ever-increasing interconnectedness of the global economy and capital markets has accelerated the push for a single set of high quality global accounting standards. International Financial Reporting Standards (IFRS) are used as the primary accounting framework, or are in the process of being adopted, in more than 100 countries throughout the world, including nearly all significant capital markets outside of the United States.

Surprise Audit

Next year when your organization is filling out Form ADV Part 1 for the Securities and Exchange Commission (SEC), you will have to disclose the name of the accounting firm that conducted your surprise audit. Under recent rule amendments, you now have to have an independent public accountant verify the client funds and securities in your custody once during each calendar year.

They made us feel like we were their only client. They were responsive, helpful and had a professional manner. They matched their audit planning and timeline almost to the day. We’ve been through more than 35 audits over the years, and our initial experience with Plante Moran was as close to enjoyable as you can get.

President/CFO International Insurance Agency

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