Growth-oriented companies need quick and efficient access to capital to fund their initiatives. For U.S. and non-U.S. companies alike, the U.S. securities markets represent a viable and relatively inexpensive way to attract significant capital. Yet, with this opportunity come challenges. Securities offerings in the United States are complex, time-consuming and potentially risky. Any company that offers securities in the U.S. must comply with U.S. accounting principles and disclosure requirements (U.S. GAAP), as well as the rules and regulations of the Securities and Exchange Commission (SEC). Failure to do so can mean significant time delays and possibly civil and criminal penalties for company officers.

Deloitte's Global Offerings Services team is comprised of highly experienced professionals who have successfully guided hundreds of companies through the initial public offering process. Beyond the technical knowledge necessary to help your company launch its U.S. offering, we provide practical and unique advice that can help you attain positive results, both immediately and in the long term. Our team includes dedicated partners and senior staff throughout the Americas, Europe and Asia-Pacific. With in-depth knowledge of U.S. GAAP, International Financial Reporting Standards (IFRS) and SEC rules and regulations, we can help your company navigate the offering process, from initial strategy through implementation and follow-up.

For U.S. company IPOs we:

• Provide seasoned insights throughout the course of your transactions to you and other members of your transaction team, such as your SEC attorneys, underwriters and investor relations firms
• Participate with you in discussions with the SEC prior to filing
• Help you identify the financial statement requirements, including footnote disclosures, financial statement schedules, pro forma financial statements and other separate financial statements
• Review drafts of the prospectus or offering memorandum, including the financial statements
• Anticipate SEC comments and advise your company on how to address and resolve SEC comments
• Assist your Deloitte engagement teams in their preparation of comfort letters
• Provide training related to the implementation of and changes in U.S. GAAP and the SEC's rules and regulations
• Advise your company on how to meet ongoing SEC reporting obligations

For non-U.S. company IPOs, in addition to the services listed above, we can:

• Evaluate alternatives for entering the U.S. capital markets
• Assist you in indentifying and quantifying differences between local accounting principles (or IFRS) and U.S. GAAP and assist in drafting required disclosures
• Develop and deliver U.S. GAAP, IFRS and SEC technical training

For clients with an auditor other than Deloitte we can:

• Assist in the drafting and preparing SEC filings and financial statements, including reconciliation to U.S. GAAP
• Assist in maintaining accounting records necessary to support your financial statements
• Provide advice on the implications of new U.S. GAAP or IFRS accounting pronouncements

Our Global Offerings Services professionals will be there every step of the way to ensure that your transaction runs smoothly and that your continued reporting meets all applicable local and global requirements.