Financial Accounting Advisory Services

In the current economic conditions shareholders, regulators and professional bodies are taking greater interest in how companies derive, report, disclose and communicate about their financial position. This environment is driving extensive change across accounting standards. Companies seeking to optimize their business face complexity in both IFRS and US GAAP accounting for mergers, acquisitions, IPOs and carve-outs. Accounting convergence also changes the requirements for reporting on financial instruments, fair value accounting, impairments and revenue recognition. The current environment requires business to be able to address the concerns of their stakeholders and be prepared to change processes in order to adapt accounting and finance practices. This will allow them to ensure they are positioned to respond to market demands both now and in the future.