Foreign Private Issuers and U.S. company subsidiaries based in Australia face significant challenges when trying to maintain the independence requirements initiated by the Sarbanes-Oxley Act of 2002.  When compliance includes the need to maintain independence from auditors during the preparation of their US GAAP financial statements and their Annual Report on Form 20-F, Deloitte have a team dedicated to assist.

Deloitte US Services comprises experts in the fields of international reporting practices and, specifically, US GAAP and SEC reporting.

Deloitte US Services can offer clients the following:

Compliance services

We can provide direct, tailored assistance in the following areas:

• assistance in the preparation of the organisations' financial statements, Form 20-F and reporting packages
• assessment of the implications of new US accounting literature and interpretation of the impacts of recent developments in US GAAP
• provision of accounting assistance and advice for specific transactions.

Training

Deloitte offers US GAAP training courses that can be tailored to meet the specific information requirements of your organisation.

• detailed training - Deloitte can provide tailored training in a variety of specialised areas, depending on specific requirements. These can cover a particular area of interest or a number of areas.
• webcasts - our global firm provides regular webcasts on topical issues. The webcast is an internet based conferencing system and our clients have access to the live webcast or can access a replay for a period of time after the live conference.

Accounting Updates

Stay informed of audit, accounting and financial reporting developments in the U.S., as well as U.S. regulatory and professional developments.  Several newsletters are available from our global practice for electronic subscription.  You can access the current issue or subscribe to receive notification of new issues as available. 

These publications include:

• Accounting roundup - a periodic newsletter which briefly describes key regulatory and professional developments that have occurred in accounting
• EITF Roundup – a quarterly newsletter that discusses matters discussed at the open Emerging Issues Task Force
• Heads Up – a periodic newsletter that keeps you informed of the latest accounting and regulatory developments
• and other publications such as the Roadmap series which provides guidance on selected topics, such as share based payments and Audit Committee Brief.

Our team

Deloitte US Services is led by Anna Crawford, supported by directors and managers based primarily in Sydney and Melbourne.  Anna is a partner in the technical advisory division of the firm and her area of expertise is international reporting practices, specialising in both International Financial Reporting Standards and US GAAP.  Anna provides a range of US support and advisory services to partners and staff, and directly to our clients.  Anna has broad experience assisting companies reporting under US GAAP, including companies registered with the United States Securities and Exchange Commission (SEC), those seeking registration with the SEC, and the subsidiaries of US companies who report internally using US GAAP.

Anna Crawford
Tel: +61 (2) 9322 7177

Leighanne Carroll
Tel: +61 (2) 9322 7209