Financial Reporting Remediation & Compliance Reduce the risk of non-compliance. Improve the chances of compliance. Enable transactions. Companies across the world face an increasingly complex marketplace with new reporting requirements, heightened scrutiny of company financials and filings, nonrecurring business transactions, and a shortage of experienced finance and accounting professionals. More than ever, these businesses understand that adhering to strict and ever-changing accounting and reporting requirements requires the support of a knowledgeable team familiar with both national and international regulations. Our global team of Financial Reporting Remediation and Compliance professionals helps companies reduce their risk of non-compliance, while limiting exposure to financial restatements and other costly non-routine situations. How we’re helping our clients We deliver a wide-range of capabilities to support your organisation's unique finance needs and beyond: Pro Briefcase Transaction Support Advisory Services Preparing for an IPO, merger, acquisition, divestiture or restructuring, requires an understanding of the potential for risk. We help organisations navigate risks arising from complex or unique transactions by providing Project Management Support. Pro Building office Accounting and Financial Reporting Advisory We will help you monitor changes to technical standards, assess the specific impact of research, and assist in the implementation and documentation of technical standards, inclusive of audit readiness, internal control compliance and financial statement disclosures. Pro Document Consent Reconciliation and Restatement Solutions We assist with reconstructing and reconciling account balances, identifying root cause factors for historical non-compliance, and quantifying the impact for each fiscal year. We assist with transition from other modified bases of accounting to full accrual accounting under US GAAP or IFRS. Pro Document Stack US GAAP, IFRS & SEC Accounting Assistance We provide accounting project-based as well as staff augmentation to perform account reconciliations and other financial statement supporting documentation preparation, including the creation of SEC and GAAP compliance checklists identifying, drafting, and socialising required disclosures. Pro Legal Briefcase Sustainability ESG (Environmental, Social and Governance) has become a priority for current required and voluntary reporting, as well as possible rule changes and additional disclosures. We help companies assess their current ESG activities and reporting and design a plan and execution strategies for both reporting compliance and operational improvement. Ensure your organisation stays compliant and reduces risk Our approach The amplified stress of today’s environment increases an organisation's exposure to mistakes, lost synergies, and the inability to maintain base-level financial processes. The risk of these errors is typically higher during the adoption of new reporting and accounting standards; embarking on significant business transactions; implementation of new IT/enterprise resources planning (ERP) systems; restructurings, acquisitions, carve-outs and divestitures; and expansion into new markets or new businesses. Protiviti’s Financial Reporting Remediation & Compliance consultants help companies reduce their risk of non-compliance, while limiting exposure to financial restatements and other costly non-routine situations. Protiviti provides the critical functional and project management expertise necessary to cost-effectively prepare for and manage non-routine situations such as restatements, mergers and IPOs. Protiviti’s team proactively monitors new accounting and disclosure rules, and offers assistance with addressing complex accounting or reporting challenges, including the conversion to International Financial Reporting Standards (IFRS). We help companies implement processes to address changes and risks surfacing from finance transformation initiatives, new technical accounting and disclosure requirements, historical application of standards, or unique business transactions. Ensure your organisation stays compliant and reduces risk Key Partners Through our alliance partnerships we connect innovative services and technology with consulting expertise to optimize key processes and business performance initiatives. 2024 Global Finance Trends Survey Explore key findings from our finance survey on CFO transformations and global trends, emphasising tech's role in strategic growth and security. Read more Featured insights PODCAST Podcast | Get Ready for Your IPO: Financial Reporting, Cybersecurity, Sustainability and More – with Stephen Alicanti, Kristy Balsanek, Charles Soranno and Andrea Vardaro Thomas In this episode of Powerful Insights, we talk about all things around readiness for an initial public offering, or IPO. And spoiler alert, there is a lot to address: accounting, financial reporting, cybersecurity, and even ESG and climate reporting.... PODCAST Podcast | ESG and AI – with Alyse Mauro Mason, Christine Livingston and Mark Carson Artificial intelligence, including but not limited to generative AI, has taken the world by storm over the past year, with organisations worldwide scrambling to identify where and how it can be used to strengthen their businesses and grow competitive... RESEARCH GUIDE Sustainability: Frequently Asked Questions The subject of sustainability continues to evolve and present challenges and opportunities for businesses. Protiviti has created a guide of frequently asked questions to provide helpful insight to help businesses navigate sustainability matters.... WHITEPAPER Internal Audit’s Role in Supporting Sustainability Reporting Environmental, social and governance (ESG) guidance, stakeholder demands and regulatory mandates are evolving and becoming more specific, and the time of taking a “soft approach” to sustainability reporting has passed. As the need to provide, or... PODCAST Podcast | Accelerate: Assessing CFO and Finance Leader Priorities for the Coming Year – with Kerry Buchar and Chris Wright The volume of CFO priorities has increased for years. In the past 12 months, the intensity of these urgencies also spiked, forcing finance leaders to make higher-stakes decisions more quickly and implement major adjustments with far-reaching... SURVEY 2024 Global Finance Trends Survey Explore key findings from our finance survey on CFO transformations and global trends, emphasising tech's role in strategic growth and security. Button Button Finance Transformation Expertise Supports Strategic Initiatives A U.S. based entertainment company required project management, business process, and ERP system implementation expertise to successfully achieve their finance transformation objectives. Read more
