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Non-audit service · Independence applies

SEC Accounting & Financial Statement Preparation

Financial statement preparation, GAAP conversion, registration statement support and complex instrument valuation for companies filing with the SEC — performed as your accountant, which means we cannot also be your auditor.

Talk to a Partner Independence & Quality Control

PCAOB-Registered Firm · Reg. No. 7333CPA — Texas & the Philippines · CFE · CISA20+ years in audit practiceAuditor of record for multiple SEC reporting companiesHouston, Texas

Standards we apply

US GAAPSEC Regulation S-XSEC Regulation S-KASC 815 derivativesASC 718 stock compensationASC 606 revenueBlack-ScholesBinomial lattice models

Who this is for

Private companies preparing a Form S-1, S-11 or Form 10 registration statement

Companies converting from cash or tax basis to US GAAP ahead of an offering

Issuers whose internal accounting team needs capacity for 10-K and 10-Q preparation

Companies with warrants, convertible notes or embedded derivatives requiring valuation

Companies whose auditor has raised a valuation, classification or disclosure issue

Pre-IPO companies that need to know what an audit will actually ask of them

What the engagement includes

What we prepare

Financial statements in Regulation S-X form for 10-K, 10-Q, 8-K and registration statements

GAAP conversion from cash, tax or foreign basis of accounting

Registration statement financial sections for S-1, S-11 and Form 10

Derivative liability valuation using Black-Scholes and binomial lattice models

Stock compensation valuation and ASC 718 disclosure support

Technical accounting memoranda on revenue, leases, business combinations and instrument classification

Audit-readiness support — schedules, reconciliations and documentation your auditor will request

Coordination with your independent audit firm and your securities counsel

How the engagement runs

A process built on dates, not hope

Decide which role we take

Before anything else. If you want us as your auditor, we cannot do this work. If you want this work, your audit goes to another firm. This is the first conversation, not the last.

Assess the gap

We look at what you have against what Regulation S-X requires, and tell you the distance in plain terms.

Prepare

Statements, schedules, valuations and memoranda produced on a calendar built backward from your filing date.

Hand off to the auditor

We package the support the way an auditor will ask for it, and stay available to answer their questions.

We plan backward from your deadline

Filing dates, plan-year deadlines and board meetings do not move. Neither does our schedule. Every engagement starts with a written timeline built backward from your date, and we hold the milestones we commit to.

A dated engagement calendar issued before fieldwork begins

One consolidated request list — not a trickle of emails

Weekly status against the calendar, in writing

Issues raised the week we find them, never at the closing meeting

Partner reachable directly when a date is at risk

If we prepare it, we cannot audit it

Independence rules do not allow a firm to audit financial statements it prepared. If JV CPA performs your accounting or financial statement preparation, your audit must be performed by a different firm — and we will say so at the first conversation, not the fourth.

Choosing which role we take early is faster and far less expensive than unwinding it later.

Read our independence policy

Common questions

Questions we get asked

Can you prepare our financials and then audit them?

No. This is the one question with no flexibility in it. Independence rules prohibit an audit firm from auditing financial statements it prepared. If we do this work, your audit must be performed by a different firm. We would rather lose the audit than blur that line, and any firm that tells you otherwise is telling you something that will surface later.

Then why would we use you for this instead of our auditor’s firm?

Because your auditor cannot do it either — for the same reason. Registrants need two firms: one that prepares and one that audits. We are comfortable in either chair. You choose which one.

How do you value warrants and convertible notes?

Depending on the instrument’s terms, using Black-Scholes or a binomial lattice model, with the inputs and assumptions documented so your auditor can evaluate them. Instruments with reset provisions, down-round protection or multiple settlement paths usually require a lattice.

We are pre-revenue and pre-audit. Is it too early?

Usually it is exactly the right time. Fixing basis-of-accounting and equity-instrument issues before an audit starts is materially cheaper than fixing them inside one.

Do you work with our securities counsel?

Yes, and it makes the process faster. Counsel drives the registration statement; we produce the financial sections that go into it.

Preparing to file?

Tell us what you are filing and when. The first thing we will settle is which role we can take with your company — accountant or auditor, not both.

713-931-3080 · admin@jvcpa.com · 820 Gessner Road #300, Houston, Texas 77024