Engagement summary
Client Background
Providence Medical Technology develops innovative tissue-sparing surgical solutions for the cervical spine. The company is pursuing an IPO and required a comprehensive readiness program.
Engagement Scope
R&M leads Providence's IPO-readiness program, addressing ASC 480 debt instrument classification, ASC 606 revenue recognition refresh, ASC 842 lease accounting, ASC 718 equity compensation, and SOX 404 control environment design.
Services Provided
- IPO readiness program coordination and remediation
- ASC 480 debt instrument analysis and classification
- ASC 606 revenue recognition for medical device sales
- ASC 842 lease accounting policy refresh
- ASC 718 stock-based compensation policy and expense
- SOX 404 control environment design and documentation