Nov. 19, 2024: RETC Finance Series: Effective Strategies for Financial Statement Audit Success - Video

Michael Novogradac, CPA, and Novogradac partner Tony Grappone, CPA, examine the complexities of year-end financial statement audits for renewable energy companies. They outline critical steps to ensure a seamless audit process, including the review of prior audits, identification of common errors to avoid and management of non-recurring items. Additionally, they provide guidance on proportional amortization accounting for new investors and emphasize important financial reporting deadlines for developers. This discussion is particularly beneficial for renewable energy accountants preparing for the forthcoming year.

Summaries of each topic:
1. 00:00 Introduction
2. 02:11 Highlights from the Novogradac 2024 Renewable Energy Fall Conference
3. 05:29 Tony Grappone's Role and Services
4. 08:07 Reviewing Prior-Year Audit Activity
5. 11:54 Common Mistakes and Overlooked Items
6. 16:57 Importance of Recording Non-Recurring Items
7. 25:38 Accruals and Financial Reporting Deadlines
8. 32:05 Proportional Amortization Method for Investors
9. 33:50 Off-Mike: Industry Shout-Outs

Find podcast show notes and more Tax Credit Tuesday episodes at www.novoco.com/podcast.