Begin with complete underlying records
Reconcile bank activity, revenue, expenses, receivables, debt and equity transactions. Keep supporting schedules for material balances. A financial statement assembled for internal planning may not meet the requirements for a securities offering. Ask your accountant what accounting basis, periods and disclosures your route requires.
Understand the level of work
A compilation, review and audit are different services with different procedures and levels of assurance. Reg CF requirements vary with the offering amount and the issuer’s circumstances, including prior Reg CF use. Reg A Tier 2 requires audited financial statements. Do not infer the applicable requirement from a generic online threshold without checking the current rules and your facts.
Get a scope and readiness list
Request a written engagement explaining periods covered, deliverables, management responsibilities and prerequisites. Ask about opening balances, prior-year records, related-party transactions and revenue recognition. For a public-company route, verify the auditor qualifications and standards that apply. A quote without a records assessment may leave substantial cleanup outside the price.
Keep finance ready after launch
Schedule monthly closes and maintain the documentation that supports public claims. Reconcile any campaign metrics with the financial statements. Assign responsibility for required annual or other periodic reports. Treat the accounting process as part of running the business, not a document-production exercise that stops at closing.
Put it into practice
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General education, not individualized investment, legal or tax advice. Rules, eligibility and product terms can change. Confirm the requirements for your company with qualified professionals.