Modus added two former Grant Thornton audit leaders — Matt Van Buren as full-time Director of Audit Transformation and Jim Burton as an advisor. Burton served as Grant Thornton's Chief Auditor during a 35-year career, as Modus works to bring the rigor of the largest firms to the mid-market.
VC Magazine features Modus Alliance as a primary case study on how AI-native firms compete above their size. CEO Arush Jain describes accelerating audit-firm growth from mid-single-digits to the mid-20s while keeping headcount flat.
Modus, founded in 2025, raised $85 million led by Lightspeed to invest in audit firms and build AI audit tools.
Coverage of Modus's $85 million raise, led by Lightspeed, bringing AI automation and risk assessment to the audit.
Lightspeed announced it led Modus's $85 million Seed and Series A round to build AI-native audit technology.
Learn what audit materiality means, how auditors set thresholds, and why audit sampling lets them reach reliable conclusions without testing every transaction.
Learn what an ERISA audit is, how Form 5500 triggers the requirement, and what the 100-participant threshold means for your plan. Plain-English guide for plan sponsors.
Vishing uses phone calls and AI-cloned voices to trick finance teams into wire transfers and credential theft. Learn how to recognize and prevent voice phishing.
What is a SOC 2 report and how does it work? Learn the five trust services criteria: security, availability, confidentiality, processing integrity, and privacy.
Learn what outsourced FP&A is, what it delivers, and how mid-market CFOs use it to produce board-ready forecasts without building a full finance team.
A WIP schedule tracks earned revenue, costs, and billings on every open contract. Learn how auditors and sureties read overbillings and underbillings.
Agentic AI in accounting vs. generative AI: how each works, where agents run the close and audit, and what finance leaders need to govern in 2026.
Hiring accountants is harder than ever. Learn why the shortage is structural, what it costs mid-market finance teams, and how to close the gap.
GAAP governs how financial statements are prepared. GAAS governs how auditors examine them. Learn the difference and when each set of standards applies.
What are Scope 1, 2, and 3 emissions? A plain-English guide for CFOs and controllers covering GHG accounting, carbon reporting requirements, and assurance.
Section 174 R&D expensing is restored under OBBBA. Learn what changed, how Section 174A works, and how to recover costs capitalized in 2022 to 2024.
ESOP, 403(b), and pension plan audits each carry distinct rules. Learn what triggers an audit, what auditors examine, and how these plans differ.
Learn how to prevent AP and AR fraud with layered payment fraud controls: positive pay, dual approval, vendor verification, and AI detection.
SOC 2 Type 1 vs Type 2: learn the core differences, timelines, costs, and which report your customers actually need before you engage an auditor.
Fractional CFO vs. full-time CFO: compare costs, roles, and the right revenue stage for each. See which model fits your business in 2026.
IRC 280E bars cannabis businesses from deducting operating expenses. Learn how to maximize COGS under Section 471 and what the 2026 rescheduling changes.
Learn how AI in the audit is changing financial statement audits in 2026, from full population testing to agentic workflows and PCAOB guidance.
An open-source benchmark for evaluating AI agents on financial statement audit tasks.
The CPA shortage is real and growing. Learn why accountant talent is disappearing, how it affects your business today, and what finance leaders can do.
Learn what audit committee responsibilities include: financial oversight, auditor oversight, risk management, and charter requirements for boards.
The single audit threshold is now $1 million. Learn what changed under the 2024 Uniform Guidance, who's affected, and what the new rules mean for your organization.
Does your nonprofit need an audit committee? Learn who's required to have one, what a charter covers, and how to build a committee that actually works.
Do private equity funds need audits? Learn the SEC, GAAP, and PCAOB requirements for a private equity audit and how to prepare your fund.
The SEC climate disclosure rule was adopted in 2024, stayed immediately, and is now proposed for full rescission. Here is what the current status means for your company.
What is the Pillar Two global minimum tax? A guide for mid-market CFOs on the 15% rate, EUR 750M threshold, and what it means for US companies.
Learn what the 80-120 participant rule means for your 401(k) audit requirement, how the 2023 counting change affects your threshold, and when an audit is required.
Sequencing a finance transformation the wrong way is the top cause of ERP project failure. Learn the right order: clean up before you cut over.
Use this SOC 2 audit checklist to prepare for your first exam: scope controls, fix gaps, gather evidence, and know what to expect from your auditor.
What are client accounting services (CAS)? Learn what CAS includes, how it differs from traditional outsourced accounting, and when it makes sense for your business.
Percentage-of-completion accounting lets contractors recognize revenue as work is performed. See how it works under ASC 606 and how WIP schedules apply it.
AI risks in finance include hallucinations, data bias, regulatory gaps, and control failures. Here is what every CFO needs to assess before deploying AI.
What is an alternative practice structure? How APS CPA firms split attest and non-attest work, the independence rules, and how PE investment fits in.
A financial statement audit is an independent examination of your financial records. Learn what auditors do and what triggers the requirement.
What is a single audit? Learn when federal funding triggers single audit requirements, who must comply, and what the process involves under 2 CFR Part 200.
Learn the form 990 red flags that attract IRS scrutiny and donor concern: governance gaps, compensation errors, and functional expense misreporting.
How does a net working capital adjustment work in M&A? Learn how the working capital peg is set, what's included, and how the post-closing true-up moves the price.
Use this ESG audit readiness checklist to prepare your sustainability data, controls, and documentation for limited or reasonable assurance engagements.
How do OBBBA tax changes affect private equity deals? Learn the key provisions on bonus depreciation, interest deductions, R&D, and carried interest.
How to choose employee benefit plan auditors: EBPAQC membership, ERISA experience, DOL audit quality findings, and the questions plan sponsors should ask.
Fake invoice fraud and ghost vendor schemes now use AI-generated receipts. Learn how to detect vendor fraud and protect your AP function.
SOC 2 audit cost ranges from $15,000 to $150,000+ depending on type, scope, and firm tier. Learn what drives the price and how long a SOC 2 audit takes.
A cash flow forecasting service gives CFOs and owners a live, rolling view of liquidity without building the model in-house. Learn what it includes and when to use one.
Is standard costing GAAP-compliant? Learn how ASC 330 governs standard costs, variance capitalization, and what auditors look for in manufacturing accounting.
How finance teams should build an AI governance framework: NIST AI RMF, ISO 42001, the 2026 Treasury FS AI RMF, and practical controls for CFOs and controllers.
Accounting offshoring vs outsourcing: understand the difference, cost savings, control trade-offs, and how to choose the right model for your business.
Learn the difference between a material weakness and a significant deficiency in internal controls, what each means for your audit, and when disclosure is required.
Learn what the SEFA is, what must be included, and how to prepare the schedule of expenditures of federal awards for a clean single audit.
Not for profit accounting standards require nonprofits to allocate every expense to program, management, or fundraising. Here's how to do it right.
A quality of earnings report evaluates whether a business's earnings are real, recurring, and sustainable. Learn what's included and when you need one.
ESG assurance explained: what it is, how limited and reasonable assurance differ, and what ISSA 5000 means for your sustainability reporting.
Bonus depreciation 2026 is 100% and now permanent under the OBBBA. See what qualifies, when the clock started, and how to plan capital spending.
A plain-English guide to preparing for an employee benefit plan audit: who needs one, what documents to gather, and how to avoid common deficiencies.
Deepfake CFO fraud uses AI voice cloning to impersonate executives and steal millions. Learn how the scam works and how to prevent it.
When does a company need a SOC 1 report? A plain-English guide to SOC 1 Type 1 and Type 2 audits, who needs them, and how to prepare.
What are the top CFO priorities for 2026? Finance leaders are balancing AI adoption, tax law changes, Pillar Two exposure, and a widening talent gap. Learn what matters most.
How does ASC 606 apply to healthcare revenue? A healthcare audit guide to net patient revenue, implicit price concessions, and readiness.
How AI financial forecasting is transforming FP&A, from predictive analytics to rolling forecasts, and what CFOs and controllers should do now.
What does the accounting firm of the future look like? AI-native workflows, advisory-first models, and new talent pipelines are reshaping the profession now.
Audit vs review vs compilation: understand the three levels of CPA assurance, what each requires, and which one your lender, investor, or regulator actually needs.
A SOC 2 audit examines whether a service organization's controls meet AICPA Trust Services Criteria. Learn what it covers, who needs it, and how to prepare.
SOC 1, SOC 2, and SOC 3 serve different purposes. Learn which SOC report your organization needs and how each type works.
What is going concern in accounting? Learn the going concern definition, how management assesses it under ASC 205-40, and what auditors look for.
How CECL (ASC 326) applies to private companies: scope, effective dates, allowance methods, and the ASU 2025-05 simplification for trade receivables.
Lease accounting ASC 842 audit findings include embedded leases, operating vs finance misclassification, and IBR errors. See what triggers adjustments.
Quality of earnings due diligence looks different depending on which side of the table you sit. Here's how buy-side and sell-side QoE reports differ and when each applies.
A yellow book audit is required when federal funding, statute, or grant terms trigger GAGAS. Learn who needs one and how it differs from a standard audit.
Find out when a 401k audit is required, how the 100-participant rule works, and what changed in 2023 for plan sponsors filing Form 5500 with the DOL.
Does your nonprofit need an audit? Learn the federal Single Audit threshold, state rules, and funder triggers that determine nonprofit audit requirements.
Learn what internal controls a growing private company needs, from the COSO framework and segregation of duties to IT general controls and fraud prevention.
What can an AI accounting agent actually do? A plain-English guide to autonomous bookkeeping capabilities, hard limits, and what human oversight still requires.
AI accounts payable automation can cut invoice costs by 70% or more and shorten processing from weeks to days, but only with the right controls in place.
What is an AI-native accounting firm? Learn how AI-native design differs from traditional and tech-enabled CPA firms, and what it means for your business.
Accounting firm consolidation is reshaping the profession. Learn why firms are merging, what private equity is doing, and what it means for your business.
Advisory vs compliance accounting explained: what the difference means for mid-market businesses, and why the shift to accounting advisory services matters now.
Beneficial ownership reporting under the Corporate Transparency Act: who still has to file a BOI report in 2026, what FinCEN's final rule changed, and what to watch next.
Bookkeeping vs CAS: learn the exact signals that tell you it's time to graduate from basic bookkeeping to client accounting services and advisory.
Does CSRD apply to US companies? Learn who's in scope, the EU turnover thresholds, Omnibus changes, and what US CFOs should do now.
Learn why cybersecurity for accounting firms is critical, what makes CPAs prime targets, and how to protect client financial data from growing threats.
Data governance finance: learn what it means, how finance teams implement it, and why data quality is now central to audit readiness and AI accuracy.
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