GAAP Convergence

We can assist clients in:

Managing conversion as well as interpretations and potential approaches

Understanding the impact of conversion on existing systems and processes and designing new ones, or integrating new processes with existing systems

Preparing the first set of IFRS/IPSAS financial statements

Understanding the ongoing tax reporting implications of complex accounting treatments

Implementation of new IND AS

We can assist companies in implementing new accounting standards and regulation in their business. Our support includes assistance:

Implementing IFRS for forthcoming financial statements including advice on notes to financial statements and adequacy of documentation

Technical assistance in complex accounting issues

Meeting local regulatory requirements under their local GAAP

Identifying reporting needs and the impacts in the implementation phases

Understanding the tax implications to assist and manage tax reporting requirements and the effective tax rate

Benchmarking and analysis of prospective impacts of accounting standard developments on financial statements