KPMG’s Accounting advisory Services (AAS) professionals are experienced in providing advice on a wide range of issues; from helping to reach compliance with new or revised accounting standards, and advising on the implications of these accounting standard changes on the financial reporting processes to help ensure that the accounting operations match the long- and short-term objectives of the business. We work alongside with Audit, Tax and other Advisory Service Lines to help ensure delivery of a complete service offering that meets our client’s goals.
AAS teams provide advice on accounting standard (IFRS/US GAAP) and other regulatory changes, new policies, and their implications on the accounting and financial reporting related processes. Our team members are experienced in providing advice to clients on transactions and events that may require complex accounting issues such as business combinations, consolidations, fair value measurements, securitizations, derivatives, hedging, and share based payment transactions.
Our teams are comprised of specialists from our firm’s AAS, Tax and Financial Risk Management and other Advisory service lines aiming at ensuring that all accounting and financial reporting related processes are covered. We provide advice on complex technical issues surrounding the accounting and reporting related process, the definition of pragmatics work arounds to comply with the requirements of IFRS/US GAAP and related disclosures, on chart of accounts harmonization, and on the writing of IFRS/US GAAP accounting and financial reporting manuals.
AAS teams specialize in converting one accounting basis to another and understand that it is more than an accounting exercise – it will have an impact on the entire organization. Team members are skilled in handling each element of the conversion process and have a well-established track record of delivering and managing complex, global, large-scale projects, which enable our firm’s professionals to anticipate and address client’s needs. High level technical accounting knowledge (IFRS/US GAAP) necessary for a GAAP conversion are balanced with advisory skills which help progress the conversion project effectively.