Reporting Accountant for IPO

Embarking on the Journey to Public Listing

Taking your company public is a significant milestone that elevates your business to a new level of growth. This step offers numerous benefits to your company and its shareholders, including:

• Access to capital-raising opportunities at a lower cost compared to debt financing, enabling you to fund growth, capital expenditures, strategic acquisitions, and reduce existing debts.
• Increased corporate transparency and efficiency in your company’s overall operations.
• Enhanced company stature through listing on a major stock exchange, attracting top talents and opening doors to increased business opportunities.
• A potential exit strategy and liquidity for investors, owners, and employee shareholders.
• The potential to achieve higher valuations than private enterprises.

Supporting Your IPO from Inception to Launch

Becoming a publicly listed company requires transparency in financial reporting, strong corporate governance, robust internal control systems, among other key areas.

At Wanconnect, our experienced team of specialists, with diverse skill sets and backgrounds, is ready to help you preempt potential issues in financials, tax, legal matters, internal controls, and risk management before and during the audit. We work closely with your management team, providing expedient and practical solutions throughout the IPO process.

If your company is poised for a significant growth milestone, speak to a our Specialist today. Discover how we can support your journey from pre-IPO planning to IPO advisory and execution.

Wanconnect’s Reporting Accountant Services:

• Accountant’s Report on Historical Financial Information:Your company will need to present audited historical financial statements, typically for 3 years. In certain instances, interim financial information may be required. Our Reporting Accountant will assist you on the preparation of these financial statements in the Accountant’s Report.
• Preparation of Pro Forma Financial Information:Pro forma statements of financial position and comprehensive income will be prepared to account for the impacts of certain transactions on your company’s latest financial results and position. We will assist you on the preparation of these pro forma financial information to ensure it has been properly compiled on the stated basis, and is consistent with your company’s accounting policies.
• Pre-IPO Internal Control:IPO Sponsors are required to perform reasonable inquiries on the listing applicant’s established corporate governance policies and procedures, accounting and management systems, and internal controls. We can assist sponsors in performing an internal control review to determine the listing applicant’s readiness state. We will act as an independent internal control and corporate governance consultant and provide recommendations on internal control processes and corporate governance structure.
• Preparation of Comfort Letter on Prospective Financial InformationDirectors are required to issue a statement concerning the company’s prospective financial information and the adequacy of its working capital for a post-transaction period of 24 months. This forecast/projection typically includes:
  • The basis of preparation of the projections
  • Profit and loss projections
  • Cash flow projections
  • Balance sheet projections

At Wanconnect, we will assist you on the preparation of these forecasts/projections in accordance with the stipulated requirements. This ensures that your company’s prospective financial information is thoroughly reviewed and validated, providing assurance to stakeholders and potential investors.

• Agreed Upon Procedures on Offer Document and Comfort LetterDirectors bear the legal responsibility to ensure the integrity and accuracy of the information disclosed in the offer document. To assist in this critical task, we offer our Agreed Upon Procedures service.

We will perform verification procedures in accordance with ISRS 4400, Engagements to Perform Agreed-Upon Procedures Regarding Financial Information. This involves a thorough review of the financial and related information included in the offer document. A Comfort Letter will be addressed to your company and its Sponsor, detailing our findings from the procedures performed.

This service ensures that the information disclosed in your offer document is accurate and reliable, fostering trust among stakeholders and potential investors.

At Wanconnect, we are committed to supporting your journey towards public listing. If your company is ready to embark on this significant milestone, speak to a our Specialist today. Discover how we can support you from pre-IPO planning to IPO advisory and execution.

Our services include:

• Pre Initial Public Offering (”IPO”) Preparation
• Reporting Accountant for IPO
• Outsourced Chief Financial Officer (”CFO”)
• Valuation Advisory
• Transaction Advisory
• Merger & Acquisition Advisory