Creating Efficiencies through the Intricacies
From the beginning, we committed to co-developing a procedure that worked for the client. We know from experience that the first question international organizations have when it comes to an audit is how to cohesively and painlessly organize the disparate reporting requirements of each location. With that in mind, we sat down with them and discussed the best methods to approach each of their international sites, one by one. Rather than insisting on a reperformance of financial statements reported under IFRS accounting standards, we rolled the work already completed at several of their locations into our audit process. And, based on our experience with other companies, we provided advice on best practices at each location that would ultimately create efficiencies in our overall audit process.
Throughout our relationship, we’ve viewed this client as our partner. We’ve guided them through the intricacies of new accounting pronouncements, lease arrangements, complex transactions and revenue recognition. Whenever a complex issue has come up, they’ve relied on us to provide guidance and support; they know we both have the resources to handle these issues and that, as our partners, they have access to all of them.
