ROSE Insights: What Happens When Growth Meets an Auditor
Issue 131 - ROSE Insights: What Happens When Growth Meets an Auditor
The Audit Notice Arrives
The notice is short. Sometimes it is a single page on letterhead. It names a period, requests a list of documents, and sets a date. And in most companies, the moment it lands, the temperature in the finance function changes.Someone forwards it with a note that just says "call me." A meeting gets scheduled. People start asking where things are. What did we tell them last year? Who has the support for that number? Is the documentation actually where we think it is?...
The Contract You Can't Yet Support
A founder called me about the biggest win in her company's history. She had just won a contract that would push her business past $10M. Years of pursuit, and it finally landed. The team celebrated. Then the questions started. Could the current close handle a contract this size? Were the systems set up to track it the way the customer required? Who was going to build the reporting the new work demanded, and when? Underneath the celebration was a worry she could not shake. Here is what I told her, and what I want to tell you. The win did not create the problem. It revealed one that was already there...
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