SEC Technical Outsourcing
Outsource Complex SEC-Related Accounting and Reporting Tasks
A Key Resource for Experienced Professionals
In the current economic downturn, companies are faced with reducing staffing, containing costs and responding to increased regulatory and fiduciary scrutiny. Additionally, being faced with delivering complex financial, accounting and reporting requirements each month, companies are looking for smarter solutions to resolve complex issues.
By outsourcing complex accounting and reporting issues, companies can leverage the skills of experienced professionals who have the technical and subject matter expertise to get the job done accurately and quickly in a cost-efficient manner. Armanino McKenna is a key resource for such professionals, who can provide technical accounting and reporting solutions to your company.
Outsourcing Advantages
Highly specialized knowledge and skills are required at peak times during the monthly or quarterly close cycles and it’s often too expensive to have those resources in-house year round. Analyzing the exact job duties and understanding the monthly time needed to complete the deliverables is the first step in making a valuable move towards outsourcing.
SEC Technical Expertise
Armanino McKenna is composed of professionals with “Big Four” audit and tax experience, complemented by deep industry experience. Our people have held positions as CFOs, corporate controllers and directors of FP&A and SEC reporting. We are independent with respect to your audit firm, are a proven and reliable resource for management, and have the skill and experience to help management arrive at the right solution.
Cost Analysis
The average annual salary with benefits and bonus for an SEC Reporting Manager is approximately $200,000. Approximately 400 hours a year out of a potential of 2,080 hours are spent on SEC reporting duties, which means you are paying an effective rate of $500/hour. Armanino McKenna can perform those job functions at a savings of 40% of a regular FTE, thus saving you nearly $80,000 annually.
Services
Some outsourcing services we offer include:
- SEC reporting, comment letters, restatement projects
- Technical assistance with complex accounting needs
- FIN 48, tax provisions and international tax accounting
- Stock option accounting and the valuation of goodwill and intangible assets
By delivering resources when needed, Armanino McKenna can help companies manage their bandwidth issues, increase the finance and reporting team’s success, and work with external auditors to produce fewer audit hours and fewer control deficiencies.
For more information on any of our services, contact Robert Tuvell at 408-200-6432 or Robert.Tuvell@amllp.com
Armanino McKenna
Certified Public Accountants
& Consultants
50 W. San Fernanco St. Suite 600
San Jose, CA 95113
925.200.6400
Offices:
San Ramon
San Jose
San Francisco