Accounting & Audit Support

Complex accounting rules and the ever-changing world of compliance can be a lot for any accounting or finance team to handle. But when sudden changes take place, whether inside the organization or in the larger reporting environment, the demand to absorb new responsibilities can cause systems and processes to break down. The stress of navigating rules and staying current with compliance measures can lead to inefficient reporting practices, compliance risks, staff burnout, and suboptimal processes.

Why MorganFranklin?

MorganFranklin alleviates the pressures on accounting and finance teams. In periods of rapid growth, we assist with acquisition activity, international expansion, and equity transactions. During periods of change caused by bankruptcy, untimely turnover, relocation, large-scale restatement, or SEC filing delinquency, we provide the additional support companies need to weather the storm.

When facing structural realignment, demands to improve the quality of financial schedules, or spikes in compliance requirements, companies turn to MorganFranklin. Our team of former Big Four accountants, CFOs, controllers, internal auditors, and financial managers has significant experience resolving accounting and reporting issues, implementing accounting policies, and preparing for external audits. We combine technical expertise with an ability to blend seamlessly into client organizations to make a significant impact quickly.

"When navigating complex technical accounting and reporting matters, we frequently engage a trusted technical advisor and partner that has become an invaluable part of our team in addressing the ever-changing accounting landscape. MorganFranklin brings a wealth of knowledge as well as a hands-on, get-it-done attitude that has helped establish sound accounting and reporting processes and transform our organization."

Richard Cornetta
Controller, ChannelAdvisor


Capabilities

  • Interim staffing and management backfill
  • Personnel training
  • Technical accounting support and research
  • Complex revenue recognition transaction and policy analysis
  • New accounting rule implementation and adoption
  • Period-end reviews and reconciliations
  • Data manipulation and account analysis
  • Journal entry preparation adjustments
  • External audit planning and schedule preparation
  • Auditor communications and liaising
  • Project management of external audits
  • Financial reporting support
  • SEC readiness
  • Audit committee reporting
  • IFRS conversion support
  • XBRL compliance

Impact & Value

  • Free up time for management to focus on strategy
  • Fill critical resource voids
  • Prevent staff burnout
  • Meet tight reporting deadlines
  • Improve audit preparation time
  • Reduce external audit fees
  • Improve auditor relationships
  • Prevent independence conflicts