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During our audit readiness process, our specialized consultants identify potential weaknesses and areas for improvement, while working to improve the efficiency of your operational functions. The Livian team has deep audit experience, accounting and audit standards expertise, and an understanding of what auditors are looking for. We provide the following services to prevent damaging findings—and put you in the best possible position to successfully navigate an audit:
- Clear documentation and evaluation of current controls. We begin each engagement by reviewing and documenting your organization’s current controls to level-set—and identify areas for improvement.
- Pre-audit testing. Our team runs multiple audit scenarios to test internal controls, and ensure compliance.
- Review financial reporting processes. We work to understand your financial reporting processes to identify weaknesses and to implement improvements.
- Post-audit remediation. Following an audit, our team collaborates with stakeholders to implement changes, design new processes, and implement reliable controls - to prevent future audit issues.
- Objective input. When working through complex accounting issues, our team provides objective, third-party insights, and offers appropriate recommendations for productive changes.
- Hands-on accounting consulting. Our team works with yours to develop and implement new accounting pronouncements, and to encourage organizational adoption of recommended changes.