For mid-market businesses with institutional debt, investor reporting obligations, or regulatory requirements, the quality of financial statements is not an administrative matter. It is a direct input into the cost of capital, the terms lenders offer, and the confidence institutional partners place in management. Assurance work done at the standard these stakeholders expect requires both technical rigor and the judgment that comes from having worked at the scale they are accustomed to evaluating.
What this engagement covers
- Financial statement audits – full audit engagements under US GAAP or IFRS, providing the highest level of assurance on the accuracy and completeness of financial statements.
- Reviews – analytical procedures and management inquiry to provide limited assurance, appropriate for businesses whose lenders or investors require reviewed financials.
- Compilations – preparation and presentation of financial statements based on management-provided information, for businesses that require professionally prepared financials without the level of assurance an audit or review provides.
- Technical accounting advisory – guidance on specific accounting treatments under GAAP or IFRS, including revenue recognition, lease accounting, and complex transaction structures.
- Internal control assessment – evaluation of the design and operating effectiveness of financial reporting controls, identifying gaps and recommending improvements.
- Audit preparation support – working with the finance team in the months preceding an audit to ensure the financial records, supporting schedules, and documentation are prepared to a standard that reduces audit friction and timeline.
Who this is built for
Mid-market businesses with institutional lenders who require audited or reviewed financials as a debt covenant condition. Businesses with PE investors, board members, or minority investors who expect GAAP-compliant financial reporting. Companies in regulated industries with statutory audit requirements. Businesses preparing for a transaction where audited historical financials will be required by a buyer or their advisors.
Standards applied
US GAAP and IFRS. For businesses with cross-border operations or international investors, Krishnan brings direct experience applying both frameworks in operating environments.
Engagement model
Annual engagement with preparation support begins two to three months before the audit or review period. Scope and timeline defined at engagement outset based on the complexity of the business and the requirements of the relevant stakeholders.
When assurance work is typically required
- A lender’s credit agreement includes an annual audit or review covenant – a standard condition on most institutional debt facilities above a certain threshold.
- A PE investor or institutional minority shareholder requires GAAP-compliant audited financials as a condition of their investment or ongoing reporting obligations.
- The business is preparing for a sale and a buyer or their financial advisors require three years of audited historical financials as part of the diligence process.
- A regulatory body or industry-specific compliance requirement mandates annual audited financial statements.
- The board or management team requires an independent opinion on the accuracy of financial reporting as a matter of governance.