Audit Preparation


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.
Accounting Management Solutions, Inc. 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 life cycle supports their global business foundation with a clearly defined road map.
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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