Wednesday 27 June 2012

Audit Preparation


 Is your finance and accounting team ready for this year’s audit?  Are you
 ready?  Do you have an audit schedule prepared? Have you already
 started to organize and assemble the proper materials and files?
 If you did not answer YES to all four questions, you probably need
 help from Accounting Management Solutions.  Our experienced team can get you
 audit-ready quickly and cost-efficiently.
 Sedaphi Solutions provides experienced CFO,
 controllers and senior accountants for part-time, interim and project
 work in both nonprofit and for-profit organizations of all sizes
 countrywide.

 Think back to last year’s audit.  Did it cost more than it should
 have?  Was it late?  Delayed audits cause organizational pain - late
 reports, penalties, noncompliance with SEC regulations or debt
 covenants, and embarrassment in front of audit committees. The actual
 audit may be the responsibility of an outside team of CPA's, but
 preparation is your responsibility.
 Our team of consultants:
       * Reconciles bank accounts, prepaid expenses, fixed assets, accrued
 expenses
       * Prepares draft financial reports and accompanying foot note disclosures
       * Prepares audit schedules and organizes electronic files containing all
 audit schedules and support

 BUSINESS PROCESS IMPROVEMENT.
 We are committed to delivering financial transformation solutions to
 help organizations measure financial effectiveness, gain insight into
 business performance and align technology with their business
 objectives.
 A business process assessment during an implementation, upgrade, or
 improvement phase of a company's system lifecycle supports their global
 business foundation with a clearly defined roadmap.
 By investing in industry-specific integrated business processes,
 organizations of all sizes can benefit from increased profitability,
 efficiency and overall operations.
 Our Business Process Practice conducts business process assessments
 including:
       * Reviews of current processes
       * Development of new and optimized business processes
       * Project management for system implementation and upgrades
       * Development of learning plans pertaining to end-user needs

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