High Technology
Hih Technology


AUDIT SERVICES FOR TECHNOLOGY COMPANIES

Our audit approach is risk based and designed to be efficient and effective for us and our clients. We focus on a number of key areas that are common across technology companies.  Because of our deep bench strength of audit professionals worldwide, we offer not only financial statement audits but also SAS 70 audits.

Processes, Internal and IT Controls

  • Review of significant transaction cycles
  • Revenue/AR, Purchasing/AP, payroll, cash
  • Review of closing & financial reporting process
  • Review of IT control environment
  • Provide recommendations to management

Revenue Recognition

  • Understand the terms of contractual arrangements and the effect on the timing of revenue, including multiple deliverable arrangements

Stockholders Equity and Share-Based Compensation

  • Review the terms and conditions of equity, options, securities, warrants, deferred compensation agreements, and equity incentive programs

Intangibles/Transactions

  • Equity investments, joint ventures, impairment analysis, acquisition method accounting, variable interest entities, non-controlling interests, presentation and disclosures

Operations

  • Focus on margin analysis, cost allocation & analytical review
  • Understand your business model, strategic partners/vendors, consultants, financing, and leasing

Financial Statements

  • Help to ensure compliance with all relevant domestic and international accounting standards and required disclosures
  • We are a registered firm with the PCAOB, a member of the AICPA SEC Section and a participating firm with Canadian Public Accounting Board

The Audit Committee

At UHY LLP, we have seasoned professionals who know how to work closely with audit committees to serve their needs in this increasingly regulated environment.  We will provide:

  • Cutting edge insight into recent technical financial and accounting developments
  • Tools for use in assessing audit committee preparedness including:
    • Corporate governance checklists
    • Financial literacy assessment toolkits
    • Assessment of Audit Committee charter
    • Audit committee meeting planners
    • Oversight of Auditors
    • Fraud risk assessment
  • Year round communication regarding audit scope, risk assessment, internal control assessments, quarterly reviews, and other matters the audit committee considers critical