Skill in assessing the quality of disclosures - - Audit committees, investors, analysts, rating agencies, regulators and others are placing increased emphasis on the transparency and clarity of a company's financial reporting. But evaluating the quality of financial disclosures requires more than the completion of a disclosure checklist. The professionals at FRA bring decades of experience and in-depth knowledge to their reading of a company's financial statements, notes, schedules, management discussion and analysis, and related disclosures. Contact us if you are interested in getting a fresh, highly skilled "check up" of the quality of your company's quarterly and annual financial reporting.
Assistance in understanding complex accounting issues - - The responsibilities and expectations of audit committees have never been greater. The same complexities and changes that challenge management, accountants, and auditors also confront audit committee members. Knowing what questions to ask and what answers to accept requires that audit committee members invest in their financial literacy and, on occasion, obtain input from highly skilled, plain-speaking advisors. Our seasoned professionals take pride in their ability to simplify the complex and explain issues in plain English. We can educate audit committee members on emerging financial reporting topics, explain the pros and cons of alternative accounting practices for specific transactions, supplement the committee's review of the company's external financial reporting, or advise the committee on the merits or shortcomings of the company's accounting practices. Ask for our assistance when the audit committee you serve on faces challenging financial reporting issues.