IFRS, UK GAAP and US GAAP Advisory
- Applying new or existing IFRS, FRS (UK GAAP) or US GAAP standards
- Accounting for specific complex transactions, events and structures
- Remediation projects and resolving GAAP application issues
- Reporting improvements and simplification
- Assessing which GAAP to apply at Group and Subsidiary levels
GAAP conversions
- All aspects of GAAP conversion project (UK GAAP to IFRS, IFRS to US GAAP, FRS/IFRS to US GAAP)
- Preparing conversion impact assessments
- Delivering end-to-end conversion projects
- Providing your clients with focused support where needed on their GAAP conversion project
- Assessing approach to and implementing new GAAP in subsidiaries
ASC 842/ IFRS 16 Leases
- Implementing IFRS 16 for major complex companies, listed groups, leading retailers, and global groups
- Implementing IFRS 16, The Code and FREM for the Public Sector
- Advising on complex application issues and performing technical analysis of structures and agreements including writing accounting memos
- Data validation and completeness testing including in depth embedded leases analysis
- Disclosures advice and support
- Vendor selection and support in Implementing software
- Identification and measurement of the bargain purchase or goodwill and the required treatment.
Statutory Accounts Preparation Service
- Drafting US GAAP, IFRS, FRS 101, FRS 102 and Companies Act compliant financial statements from client’s trial balances
- Use of specialist accounts production software
- Supporting clients through the financial statements audit process
Financial Instruments
- Applying the complexities of IFRS 9, Financial Instruments, to a wide range of financial products, instruments and structures
- Determining appropriate classification and measurement
- Modelling expected credit losses
- Advising clients on hedging structures, hedge accounting and related treasury matters
Why FinAudit CPA Stands Out in US GAAP & IFRS advisory
Our team blends global credentials, cybersecurity expertise, and industry specialisation to give you more than compliance audit assurance—we provide confidence.
Global Credentials
California-registered CPAs, UK-registered ACCAs, and certified accountants ensure your reports are prepared and reviewed in accordance with applicable accounting standards such as U.S. GAAP and IFRS.
Industry Specialization
From technology and SaaS to manufacturing and finance, we tailor our engagements with sector-specific expertise and practical insight.
Independent & Ethical Engagements
We follow professional ethics and independence rules. Note: Independence is required for attest engagements (audits and reviews); for compilations and preparation engagements, independence is generally not required under SSARS. Even for CPA compilation or audit review and compilation services, we maintain professional ethics across all work.
Data Confidentiality & Security
Using encrypted portals and secure evidence collection, we safeguard your sensitive data and comply with global privacy requirements (GDPR, CCPA). Our IT audit expertise further strengthens the integrity of evidence.
Actionable Reports & Ongoing Support
We deliver clear recommendations, help implement control improvements, and provide follow-up advisory services after the engagement.
Our Process – Delivering Clarity at Every Step
Process 1
Initial Consultation & Engagement
Agree on engagement objectives, reporting framework (GAAP/IFRS), and overall scope with management.
Process 2
Document Request & Planning
Prepare a tailored checklist (e.g., trial balance, ledgers, bank and tax records) and develop a project plan for timelines and responsibilities.
Process 3
Risk Assessment & Analysis
Identify high-risk areas, set materiality, and design targeted procedures or inquiries based on your unique environment.
