Many private companies consider going public as the finish line, when in reality, it is simply the starting line for an entirely new life with deadlines, board members, investors, and regulations that have to be answered to. In this episode of Accounting for the Future, host Armand Capisciolto, BDO's National Accounting Standards Partner and Accounting Advisory Services Leader, sits down with Alex Lalka, a partner at Miller Thomson in their M&A and Securities group, and Anne-Marie Henson, a public company partner in BDO's Montreal office. Together they discuss life as a public company — what it is, what it isn't, who needs to be on a successful team, and the proactive steps companies can take now to avoid problems in the future.

What You'll Hear In This Episode:

[2:02] A look at the road to becoming a public company over the last 12 months.

[5:05] Significant growing pains associated with becoming a public company.

[8:02] The vast leadership and advisor requirements for a public company.

[13:00] Essential financial reporting changes when transitioning to public.

[16:55] What happens when companies don't comply with deadlines?

[20:00] How to minimize risks associated with missing deadlines.

[25:25] The importance of a strong CFO for a newly public company.

Mentioned:

BDO Alex Lalka Anne-Marie Henson

Additional Resources:

Life of a Public Company: What to consider after you've gone public