United Kingdom

Review of US GAAP financial statements and accounting policies 

  • Are you concerned that poorly drafted policies and omissions from your US GAAP accounting policy manuals might result in errors and inconsistent application of accounting requirements? Do your US GAAP accounting policy choices present the group results in the most appropriate way to investors and analysts? Do you need support in preparing US GAAP financial statements that are fully compliant with all disclosure requirements? Do you want to know how your financial statements compare to your peers?
  • We can help you ensure that your US GAAP accounting policy manual reflects all the latest US GAAP accounting requirements and is presented in a user friendly way. We can review your US GAAP financial statements to ensure compliance with disclosure requirements and to highlight US GAAP accounting policy choices that might present results in a more appropriate way to investors. We can also benchmark your financial statements against peer companies.
  • We understand the practical issues non-US companies face when applying US GAAP or SEC rules and requirements and can help you to form pragmatic conclusions.

Your issue

  1. How can you be sure that the group US GAAP accounting policy manual reflects current accounting requirements?
  2. Are you concerned that poorly drafted US GAAP policies and omissions from the manual will result in errors and inconsistent application of US GAAP accounting requirements?
  3. How can you be sure that your US GAAP accounting policy choices present the group results in the most appropriate way to investors and analysts?
  4. Are you fully compliant with all US GAAP disclosure requirements in your financial statements?

How we can help

For your accounts we can:
  1. Prepare a draft of US GAAP financial statements.(a)
  2. Perform pre-issuance compliance reviews of US GAAP financial statements or specific notes.(a)
  3. Provide support in drafting specific US GAAP disclosures.(a)
  4. Benchmark against industry peers.

For your accounting policy manual we can:

  1. Confirm the technical accuracy of the US GAAP manual.
  2. Update US GAAP policies to reflect US GAAP accounting developments.(a)
  3. Benchmark US GAAP policies against industry norms.
  4. Expand the US GAAP manual to cover all US GAAP areas that are relevant to the group.(a)
  5. Highlight US GAAP accounting policy choices and the implications of each option.

-----------------------------------------------

Note: (a) For non-audit clients only.

Contact

Iain Alexander

 

Iain Alexander

 

Partner

KPMG in the UK

 

020 7694 8004

iain.alexander@kpmg.co.uk

 

 

Patrick Hickey

 

Patrick Hickey

 

Senior Manager

KPMG in the UK

 

020 7694 5905

patrick.hickey@kpmg.co.uk

 

Ask us a question

Accounting Research Online

KPMG’s Accounting Research Online is a comprehensive library of accounting, auditing and financial reporting guidance and literature.