In trying to sort through these issues on their own, organisations typically waste time and resources.
Good professional advisers can strip away much of the uncertainty and confusion which can surround the application of accounting standards and reporting practices, and enable relevant commercial outcomes.
KPMG’s Audit practice supports clients through its Accounting Advisory Services group.
The group works with a range of organisations, including many that are not KPMG audit clients. Specific services cover:
- assisting with complex financial reporting, systems and accounting challenges
- advising on the introduction and interpretation of new and existing accounting standards, both local and international
- providing accounting support for due diligence and tax assignments
- seconding KPMG professionals with appropriate accounting and finance skills to work within (non-audit) clients.
Our Accounting Advisory Services has established a dedicated Climate Change Accounting & Assurance group to assist clients with their assurance, compliance and reporting obligations under the Australian Government’s proposed carbon emissions price mechanism. This area also provides accounting assistance to other government agencies.
KPMG is also helping organisations around the world adopt International Financial Reporting Standards, providing practical support to smooth the transition.