If you’re a small or mid cap publicly traded company or a fast-growing private company that has been in acquisition mode (or plans to be), you have a number of reporting and technical requirements that go beyond your everyday accounting work.
Accounting teams within small/mid cap and fast-growth environments are often challenged when it comes to depth and technical expertise navigating SEC filings, technical accounting treatment, and audit readiness. The sitting controller or CFO may have the necessary experience but lack the time required to take on such a heavy lift every quarter.
Enter TGRP Solutions
That’s where TGRP Solutions can come in. Our consulting practice handles a wide range of engagements for companies with diverse, complex needs. Engaging a fractional consultant from TGRP translates into cost savings, access to expertise, convenience, and peace of mind. As the CFO:
- You don’t need to hire a full-time staff person.
- You don’t have to train your staff.
- You get a highly experienced Certified Public Accountant with deep experience in SEC reporting and technical accounting for a fraction of the cost of a full-time professional with the same skills.
- You can focus our consultant’s time and knowledge on the exact areas where you need support, freeing up your staff’s time to manage the day-to-day accounting.
Enhance Your Financial Reporting Controls and Accuracy by Engaging TGRP for SEC Reporting and Compliance
If your company is moving toward an initial public offering or is already publicly traded, our team of professionals can assist with SEC periodic reporting requirements.
Smaller public companies don’t typically have more than a handful of accounting staff, let alone a dedicated financial reporting department. Yet, strict, complex SEC filing requirements don’t go away. Layer these SEC requirements onto the already demanding day-to-day operational accounting and reporting duties, and you can easily overload your staff, which can lower team morale, increase turnover, and put you behind in other areas of the business.
As an extension of management, the TGRP team can handle these requirements while keeping your audit firm from performing additional work (and avoiding breaking any independence rules).
Technical Accounting Issues Require Expertise
Another reason companies engage TGRP is because they have complex technical accounting issues that must be researched, documented, recorded and disclosed. Our technical accounting consultants have proven experience working within public accounting firms and publicly traded companies. They are professionally competent and adhere to continuing professional education requirements. They know the regulations well.
Understanding technical accounting is time consuming. It could take your team weeks to research technical accounting issues, document your company’s accounting position, and obtain audit firm approval. Our team knows U.S. Generally Accepted Accounting Principles (GAAP), International Financial Reporting Standards (IFRS), other accounting standards inside and out. We have the experience to help ensure your financial statements are accurate and compliant.
TGRP’s SEC reporting and technical accounting consultants have depth and breadth and bring years of relevant experience to the table including:
- Business combinations
- Consolidations
- Debt and equity instruments
- Debt restructurings
- Derivatives and hedging
- Goodwill impairment
- Leases
- Revenue recognition
- Stock-based compensation
- …and more
Be Better Prepared for Your Audit
Retaining technical accounting and SEC reporting support throughout the year helps to ensure your company is ready with the necessary memos, analyses and documentation of complex transactions at audit time. That means your team can focus on other audit readiness tasks like reconciliations, inventory observation, and completing the PBC list to help ensure your auditors receive the documentation they need to perform their audit testing on a timely basis.
This proactive approach will help you avoid audit delays and make your audit much smoother, minimizing stress and saving you money in the long run.
Call TGRP Solutions for SEC Reporting and Technical Accounting Help Now
If you’re a publicly traded company or rapidly growing private company, let’s talk about our tailored technical accounting and SEC reporting services. These services streamline processes, enhance controls, and enable staff-constrained companies to strategically allocate their resources in critical times.
Contact us to learn more by reaching out or calling 303.789.1500.
