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Global IFRS and offerings services

Accounting advisory

Overview

In today’s dynamic business and regulatory environment, companies face constant changes in financial reporting. Key business trends, such as the adoption of new accounting frameworks, the increasing number of cross-border transactions, and the shortage of finance resources and talent, are just some of the factors heightening this challenge. Now more than ever, companies are looking for help in navigating the path of today’s financial reporting and regulatory environment.

Our Global IFRS and Offerings Services (GIOS) group consists of more than 400 professionals located in key markets in Asia, Europe and North and South America. Deloitte’s GIOS group of professionals has extensive, diverse and industry-focused experience and resources: it takes a multidisciplinary approach to client service and has the ability to meet specific needs on a local as well a global scale. We are aligned with the regulatory requirements of key markets and are able to address the complexities of cross-border listing and accounting for complex transactions.

Focused service offerings within GIOS include: 

 Accounting standards conversion services (IFRS, U.S. GAAP, ASPE and PSAS) 

Financial reporting is never static and the financial reporting framework that a company is required to follow may evolve over time.  Although challenging, a conversion can substantially improve the performance of the finance function, streamline the statutory reporting process, enhance controls and reduce costs.  Our technical and consultative teams guide companies through the conversion process by focusing on the following activities:

  • Evaluation of the potential impact of adopting a new accounting framework
  • Preparation of readiness assessments and diagnostics
  • Development of roadmap and detailed implementation plan
  • Support of conversion activities through project management, technical accounting research and training
  • Evaluation of broader conversion implications in such areas as treasury, tax, financial operations, technology and operations
  • Preparation of reconciliations and/or financial statements prepared under the new accounting framework

 Complex accounting & transaction expertise 

Reliable and timely financial reporting is essential given the heightened expectations of today’s investors, regulators and other stakeholders.  This, combined with increasingly complex financial reporting requirements and a shortage of necessary finance resources and talent, poses significant challenges for companies.  The need to proactively manage the accounting and external reporting function has never been more pronounced.  Deloitte’s Complex accounting & transaction expertise services assist a company’s finance function by providing the following services:

  • New accounting and reporting standard implementation services     
    • Apply an accounting pronouncement to a complex or non-routine transaction
    • Adopt a new accounting standard
    • Comply with the requirements of a complex accounting standard
    • Evaluate accounting policies for compliance or benchmarking purposes
  • Financial statement preparation and regulatory assistance including
    • Preparation of financial statements
    • Response to regulatory comment letters
  • Financial reporting training services
  • Advisory services in connection with the structuring and assessment of complex arrangements and transactions

 Financial Services Industry (FSI) advisory 

While the need to provide accounting expertise can be pronounced in any organization, the needs of the financial services industry are unique.  Deloitte’s accounting advisory group provides expertise to the financial services industry with focused services in such areas as:

  • Financial instruments accounting and reporting
  • Financial instruments valuation
  • Hedging consultation and strategy development
  • Financial risk management
  • Treasury consulting
  • Cash management consulting
  • Regulatory reporting

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    Learn more about our Global IFRS and Offerings Services (GIOS)