Perry Kessler of RyanSharkey, LLP has expertise with the many operational and reporting challenges government contractors face during Financial Statement Audits. Join him as he shares his insight on some of the top pitfalls to help avoid common mistakes, with some tips on successful preparation of accurate, complete, and useful financial statements.
Government contractors are required to provide accurate, complete, and independently audited financial statements to varying organizations for a variety of reasons. Some of the most common reasons and concerned parties include:
- Banks or Other Financial Institutions: Resulting from new or amended debt agreements
- Small Business Administration (SBA): Resulting from certifying as a small business and/or as part of an SBA set-aside program (8a, WOSB, VOSB, SDVOSB, HubZone, etc.)
- Customers (either a prime contractor or a federal agency): Required during proposals, pre-award surveys, etc.
- Investors/Buyers: Required as part of the merger/acquisition process
What you will learn
You will come away with insight on how to avoid common mistakes and cover operational and reporting challenges that affect preparation of timely and reliable financial reporting packages, including annual financial statements. You will also learn how an audit or review can be used as an opportunity to strengthen business processes and improve both internal and external financial reporting.
Not sure if you should attend?
This webinar will steer you from the most common pitfalls and provide insight on ways to use an audit to your advantage. While an audit can be a painful process for the unexperienced or unprepared, with the proper knowledge and preparation, a financial statement audit can be used as an opportunity to strengthen reporting capabilities to help:
- Improve management’s visibility into operations
- Provide insight to analyze trends that help identify potential areas for improvement (accounts receivable collectability, etc.)
- Increase accountability related to project performance and business development
- Provide guidance on design and implementation of the right internal controls to limit bureaucracy and help ensure the reliability of financial reporting and processes.
“If you think compliance is expensive – try non-compliance.” – Former US Deputy Attorney General Paul McNulty
This webinar is sponsored by RyanSharkey, LLP.
is a leading accounting and consulting firm in the Washington, D.C. region, serving the technology, consumer services and government contracting industries. Our government contract consultants are uniquely qualified to help assure your success by guiding you through complex regulatory and compliance requirements. Our comprehensive tax, assurance and compliance consulting services offer seamless delivery with industry experts dedicated to helping you succeed. The firm’s professionals provide personalized insight and forward-thinking solutions that are strategically aligned with our clients’ specific goals.
To learn more, visit us online ryansharkey.com/govcon.
RyanSharkey’s assurance director, specializes in providing assurance and business advisory services to government contracting and technology firms. With more than 10 years of expertise, his most recent position was as assurance senior manager for BDO USA LLP. Previously, Perry spent nearly six years at Argy, Wiltse & Robinson, P.C. (acquired by BDO in 2012) first as a senior associate, then as an assurance manager.
Perry's advisory specialties include design and implementation of audit procedures that are efficient and focused on adding value to government contractors; policy and procedure reviews; government contract compliance; accounting system reviews; indirect rate structure review; merger and acquisition accounting; and due diligence engagements.