SEC Audits
A commitment to high audit quality
Our top priority is to deliver high-quality PCAOB audit services to our clients in an era of rapid change. We are committed to our important role in the U.S. public capital markets and delivering high-quality audit services. We aim to provide our clients with confidence in their accurate, objective, and compliant financial reporting, and observe that they maintain transparency, manage risks, and provide all relevant and material information to users of their financial statements.
Attest services are provided through CohnReznick LLP.
Client acceptance
Our attest entity, CohnReznick LLP, is registered with and inspected by the Public Company Accounting Oversight Board (PCAOB). We perform PCAOB audits on middle-market commercial entities, real estate funds, and registered investment companies that either have periodic reporting obligations with the SEC or are considering an initial public offering (IPO) registered with the SEC. Our SEC Audit practice accepts commercial entities and real estate funds that need PCAOB audit reports because they are considering alternatives to traditional IPOs such as a direct listing in the U.S., a reverse merger with an SEC registrant, or a de-SPAC transaction. It currently does not accept SPACs, SEC-registered shells, or commercial entities that conduct more than 50% of their operations outside the U.S., Canada, and Europe. Entities with significant operations outside these jurisdictions may consider a Nexia affiliate firm to CohnReznick.
Approach to audit project management
Our SEC practice audit partners are positioned to provide technical excellence and are well-versed in the business dynamics of the industries they serve. They are also committed to developing our professional staff and executing high-quality audits through intense focus on team-level collaboration and consultation with our National Assurance subject matter experts and quality control resources. While the lead audit engagement partner with signing authority is ultimately responsible for assigning appropriate staff to their PCAOB audit engagement, office managing partners and the resourcing function of People and Culture help the lead partner by prioritizing the staffing of PCAOB audits, while the National Director of SEC Practice monitors that the assignments are adequate to complete such audits with high quality while meeting the relevant SEC reporting deadline.
Related services
Our solutions are tailored to each client’s strategic business drivers, technologies, corporate structure, and culture.