The pace of change of accounting standards in the Netherlands, the US and internationally has reached unprecedented levels and the new standards are becoming increasingly complex. The focus on the quality and integrity of reported financial results by analysts, investors and regulators has never been higher. In addition, financial reporting entities are required to adopt new, complex accounting and disclosure rules appropriately under increasingly tight time lines.

Our assurance group is structured to assist clients with the analysis, interpretation and application of new accounting standards and securities filing regulations.
The group currently has specialists in the following areas:

• Hedging and derivatives
• Stock-based compensation
• Business combinations, goodwill and intangibles
• Securitization
• SPE (Special Purpose Entities) consolidation
• Leasing and other off balance sheet structures
• Revenue recognition
• Structured transactions
• US GAAP
• IFRS
• Dutch and US securities commission requirements

International Financial Reporting Standards
The International Financial Reporting Standards have become a globally accepted standard. Subsidiary companies of many foreign organizations are influenced by the transition to IFRS. Organizations complete their reporting according to US GAAP with IFRS-related remarks to give investors the option of comparing their reporting with that of competitors who apply IFRS.