We approach the audit as a service for the benefit of all the organization's stakeholders – the board, shareholders, customers and bankers – all who need to trust the quality of your financial statements. The financial report also serves as intelligence to help the business operate better, now and in the future.
Being Understood By Your Stakeholders
An audit provides value by helping you communicate with banks, investors/shareholders and other financial partners. We have strict quality standards and high expectations of our professionals to deliver a final financial report that fairly, fully and independently assesses the organization's financial statements.
Industry Reputation and Leadership
McGladrey is a member of the Center for Audit Quality and the Private Company Practice Section of the American Institute of Certified Public Accountants. We are also registered with the Public Company Accounting Oversight Board.
Current Thinking and Insight
FASB releases financial instruments recognition and measurement exposure draft
The proposal would result in more financial assets being accounted for at fair value with changes in fair value recognized in net income and would also provide a new and comprehensive recognition and measurement model for financial instruments.
Global Cash: Deceivingly Liquid?
Keith Wallace, international assurance practice leader, addresses global liquidity issues in NACD's Directorship magazine and what directors should understand about the accessibility of overseas cash and the repercussions of repatriating it to the U.S.
GASB Statement No. 68, Accounting and Financial Reporting for Pensions
Long before the current economic downturn, the issue of public pensions and the viability of individual plans has been a much-debated topic. The Governmental Accounting Standards Board has been well aware of the rising tide of unfunded pension obligations.
FASB and IASB convergence projects at-a-glance
A high-level overview of four convergence projects currently being worked on by the FASB and IASB as of January 15, 2013. These projects will bring significant changes to the accounting for leases, financial instruments, revenue recognition and consolidation.
Revised communications with audit committees of public companies
This white paper provides a summary of recently adopted PCAOB Auditing Standard No. 16, Communications with Audit Committees, including the enhancements to pre-existing communication requirements, new communication obligations and incorporation of certain SEC auditor communication requirements.
Insights for Governance and Growth
An eight-page summary produced with NACD covering key governance issues, including Dodd-Frank, cloud computing, enterprise risk management and IT security and privacy.
An overview of the JOBS Act
A seven-page summary outlining the JOBS Act’s major provisions regarding capital access and reduced regulatory reporting requirements for small to midsized companies.
Are your retirement plan’s expenses reasonable?
A guide to the retirement plan service provider fee disclosure regulations.
The impact of amendments to fair value measurement and disclosure requirements
What management should understand about the impact these amendments will have on their financial reporting.
A Guide to Accounting for Business Combinations – Second Edition
This edition addresses many insights gained as a result of the application of Topic 805, "Business Combinations," since its effective date in 2009.
Phyllis Deiso Discusses Governance Issues Facing Small and Mid-Sized Public Companies
National SEC practice leader Phyllis Deiso sits down with NACD's Directorship magazine to discuss the issues that are top-of-mind for today's small and mid-sized public company corporate directors.