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Management Consultancy >> INTERNATIONAL ACCOUNTING AND AUDITING | US GAAP Restatement Services and US GAAS Audits
The Firm's skills are based on knowledge of US GAAP, and international experience in this field with several foreign companies who have had to restate their accounts to US GAAP for the purposes of potential IPO / borrowings in the US or for reporting to a US parent in conformity with GAAP.
US GAAP Restatements are considered specially because of :
- Transparency
- Conservatism
- Precision
- Strengthens Financially
- Creates premium in share markets
- Improves Investor Confidence
- Prestige Value
A Partner of the Firm who is an Associate Member of the American Institute of Certified Public Accountants (AICPA), USA, has worked in the US undertaking audits of companies there, and possesses skills required to successfully head US GAAP Reconciliation / Restatement Projects. The nature of the service is similar to a compilation of financial statements, i.e. presenting in the form of financial statements information that is the representation of the management without undertaking to express any assurance on the statements.
Services involving multi-national accounting standards, especially International Accounting Standards involving worldwide consolidation of financial statements under Indian GAAP are also undertaken. The Firm provides a unique combination of significant domestic accounting and audit standing with an international exposure.
The Firm also performs US GAAS Audits for those clients who are listed in the US and require such a service.
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