ZRG Interim Solutions Helps Fast-Growing Tech Company Achieve Audit Readiness

2 Min. Read

At a Glance

• Company Type: Private, Emerging Growth

• Industry: Technology

• Solution Area: Audit Preparation and Support, Technical Accounting

Client Background

This fast-growing technology company, with approximately $20 million in revenue and a team of 75 employees, recently secured $100 million in funding. With this influx of capital came new expectations from investors, including a comprehensive financial audit conducted by a Big Four audit firm.

The Challenge

Facing an aggressive deadline for its first-ever financial audit, the company needed to overhaul its accounting processes to meet Generally Accepted Accounting Principles (GAAP) standards. Complex financial transactions required meticulous analysis, and new accounting standards had to be implemented. However, the company’s internal accounting team was already operating at full capacity, lacking the bandwidth to handle the substantial workload of preparing for an audit.

The Solution

To tackle these challenges, the company engaged ZRG Interim Solutions. Our experts provided the audit preparation and technical accounting support necessary to achieve compliance with GAAP and meet investor expectations. By embedding our team with the company’s internal accounting function, we offered hands-on support and guidance to identify and address the critical gaps in their financial processes.

• Technical Accounting Support: ZRG Interim Solutions analyzed and documented complex transactions, ensuring they were treated accurately under current accounting standards.

• Audit Preparation: We worked closely with the client to establish clear workflows, align their accounting processes to meet Big Four standards, and streamline communications with the audit firm.

• New Standards Implementation: Our team helped apply new accounting standards, providing tailored solutions that aligned with the company’s operations and compliance requirements.

Results

With ZRG Interim Solutions by their side, the company successfully completed its audit within the timeline, satisfying investors and building a solid foundation for future growth. By augmenting their internal resources with specialized expertise, they achieved “audit readiness” without overextending their team.

Client Testimonial

The client’s controller expressed their appreciation for ZRG Interim Solutions, stating:

“ZRG Interim Solutions was critical to our success. This was our first-ever audit, and there were many things that needed to be addressed to help us be ‘audit ready.’ ZRG addressed these areas and was a true partner to us, augmenting and supporting our team through the process. Leveraging ZRG’s breadth of experience enabled us to get through this process—we couldn’t have done this on our own.”