PCAOB Audit Support

Ideally, before you open the bidding for an external audit firm or at least 3 to 6 months before audit fieldwork is scheduled to begin. Preparing historical financials, drafting complex technical memos (like ASC 606 or ASC 805), and preparing clean audit trails takes time. Early preparation prevents the external auditors from pausing their work, which heavily drives up audit fees.

No. Strict regulatory independence rules prevent the same firm from preparing the financial records and auditing them. We work exclusively on management’s side as your audit preparation team. We build the workpapers, draft the technical memos, and organize the data so that your independent PCAOB registered audit firm can review and sign off efficiently.

They can, but PCAOB audits require a significantly higher level of documentation, technical precision, and evidence of management review than traditional AICPA or private-company audits. Internal teams are usually fully occupied with day-to-day operations, monthly closes, and investor reporting. Bringing us in prevents your internal team from burning out. We help bridge the gap, support your existing team, and ensure your documentation matches exactly what public-company auditors expect to see. Delays cost money.

We act as the primary technical interface between your management team and the external auditors (whether they are Big 4 or national firms). We manage the PBC (Provided by Client) request list, walk the auditors through our prepared workpapers, and directly defend the technical accounting positions and memos we authored on your behalf.

Yes. This is a core part of our service. We routinely go back into historical periods to reconstruct compliant trial balances, build detailed rollforwards, and draft look-back technical memos for complex transactions that occurred in prior years, ensuring the entire historical period is audit-ready.  This includes reconstructing inventory rollbacks, enterprise valuation, and more. 

External audit fees skyrocket when auditors encounter messy data, missing support, or delayed responses, as they have to scrap their schedules and re-budget time. We keep the audit on track by running a disciplined deliverable schedule, reviewing all data for completeness before it goes to the auditors, and addressing technical roadblocks before they turn into formal audit findings.

We handle the complex accounting areas that PCAOB auditors scrutinize most heavily. This includes:

• ASC 606: Revenue recognition streams, contract modifications, and performance obligations.

• ASC 805: Business combinations, purchase price allocations, and asset vs. business acquisitions.

• Complex Debt & Equity: Valuations and presentation of SAFEs, convertible debt, preferred stock tranches, warrants (ASC 480 & 815), and stock-based compensation (ASC 718).

We don’t just give advice; we deliver the actual components required for the audit file. This includes fully tied-out financial statements and disclosures, detailed lead sheets and rollforwards that match your trial balance, formal technical accounting memos, and structured transaction folders containing clear evidence of management review.

Not necessarily, but PCAOB auditors are required to evaluate the design and implementation of your controls and look for explicit evidence of management review on significant judgments. We perform a gap analysis on your current processes, help you implement basic but rigorous control documentation, and ensure that management’s review of key estimates is clearly provable to the auditors.

Yes. If your current auditors have raised an issue regarding a prior period or if you are navigating a restatement, we can step in to perform the look-back analysis, calculate the necessary quantitative adjustments, and author the technical positioning papers required to resolve the issue with the auditors and regulators.

Our PCAOB audit support capabilities span many sectors. We excel in industries with high concentrations of institutional funding and complex revenue streams. This includes digital assets (including cryptocurrencies), technology & SaaS, life sciences & healthcare, fintech, manufacturing, cross-border entities, and many others.

Yes. We regularly help Foreign Private Issuers (FPIs) prepare for and navigate the intensive PCAOB audit process required to enter US capital markets.

We act as your US-based technical accounting arm to bridge the gap between your local finance team and your PCAOB-registered audit firm. Our support includes:

• Audit-Ready IFRS & Reconciliations: Preparing detailed workpapers and disclosure schedules under IFRS, or building the technical documentation for IFRS-to-US GAAP reconciliations that your auditors will need to test.

• F-1 and F-4 Audit Trails: Organizing the historical financial data, source documents, and rollforwards required to support the audited financial periods presented in your registration statements.

• Historical Look-Back Audits: Reconstructing and documenting prior-period transactions to ensure your historical financial years meet the strict documentation and management-review standards required by the PCAOB.

• Clear Auditor Communication: Managing data requests and directly explaining accounting positions to the audit team, ensuring your cross-border filing moves through the audit and SEC review process without technical delays.

Our onboarding process is designed to minimize administrative friction and get our technical team integrated into your operations quickly. We follow a structured, four-step approach to ensure alignment from day one:

1. Discovery & Scoping: We start with a direct consultation to review your upcoming reporting deadlines, filing timelines, or audit schedules. We evaluate your current financial setup, accounting systems, and complex technical needs to define exactly where you need support.

2. Engagement & SOW: We provide a clear proposal and a detailed Statement of Work (SOW) that outlines specific deliverables, timelines, and fee structures. This eliminates any ambiguity regarding project scope or expectations before work begins.

3. Secure Access Setup: Once the engagement letter is signed, we set up an encrypted data room to protect your sensitive data. We coordinate with your team to secure necessary access (typically read-only) to your ERP/general ledger, historical workpapers, and cap tables.

4. Kickoff & Execution: We hold a brief kickoff meeting to introduce your dedicated team members, align on communication protocols, and deploy a shared project dashboard. We immediately take ownership of the deliverable timeline or external auditor request list, allowing your internal team to remain focused on daily business operations.

We can typically mobilize and begin work within a few business days, depending on the scope and urgency of the project.