Financial reporting is one of the areas where early coordination can help a contractor. If bonding is an important part of the business, make sure your CPA understands that context and knows when updated statements may be needed.
Ask questions before year-end about reporting timing, work-in-progress schedules and any material business changes. The appropriate reporting level and documentation depend on the company and surety request.
TBG can help explain what an underwriter is asking for so the contractor and its CPA can respond to the actual requirement.
This resource is general information. Bond requirements and underwriting decisions depend on the specific request and surety review.