For financial professionals, independent external audits of GAAP financial statements are an inescapable reality. For public companies, it’s a statutory requirement under SEC regulations and for many fast-growing private companies, it’s a necessity to meet the demands of lenders, VCs, and other stakeholders.
Ultimately, every audit boils down to the risk of a material misstatement in the numbers. The responsibility falls to you and your finance team to ensure that your financials present the lowest possible risk of errors. Watch the video below to learn how to avoid the common pitfalls when preparing your financials.
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In Part 1, we discussed the importance of developing an implementation strategy for ensuring a successful ERP implementation for your business. In part 2, we focus on the most common ways ERP implementations fail so yours doesn’t have to. ERP implementations are a process. By the time you’ve identified which system will bring the most
ERP implementations are a challenging task… or a challenging set of tasks, that is. Ask the many who’ve successfully undergone the digital transformation to modern technology like enterprise resource planning (ERP), and they’ll tell you the same. Despite ERP’s widespread adoption, each implementation presents new challenges since each distinct organization brings its own requirements, expectations,