Documenting complex transactions and the related accounting conclusions may be extremely challenging given today's standards for internal controls over financial reporting. At the same time, finance departments are expected to create value across the entire business, making it critical that accounting and financial reporting are handled efficiently and with an eye toward what’s best for the organization as a whole.

While an organization's independent auditors can be helpful in identifying applicable guidance and discussing the application of such guidance in practice, there are limits to the amount and type of advice an independent auditor can provide due to applicable independence regulations. Having an accounting adviser can help you resolve your pressing issues, and potentially lower the overall cost of your financial statement audit. 

Download our full report to explore the eight things an accounting adviser may do to help you start addressing your accounting challenges and ultimately, prepare a better work product.