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.Learn more about how our team will help you develop a modern, tailored approach to ensuring your organization stays compliant and reduces risk. 2024 Global Finance Trends Survey Explore key findings from our finance survey on CFO transformations and global trends, emphasizing tech's role in strategic growth and security. Read more How We’re Helping Our Clients We deliver a wide-range of capabilities to support your organization'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 organizations 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 socializing 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 organization stays compliant and reduces risk Our Approach The amplified stress of today’s environment increases an organization'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.Through the use of leading practices, our professionals help with:Transaction support advisory servicesNew accounting standard diagnostic assessmentsReconciliation and restatement solutionsAccounting & financial reporting advisoryU.S. GAAP, IFRS & SEC accounting assistanceESG Reporting Ensure your organization stays compliant and reduces risk Featured insights and client stories BLOG Prepare to Function as a Public Company Before the IPO The big picture: The U.S. initial public offering (IPO) market may be regaining its footing. Current market conditions mean companies considering an IPO have ample time for infrastructure buildout – arguably the most important phase of the IPO... BLOG The SEC’s Cyber Disclosure Rules: Lessons Learned So Far In Year One What qualifies as a material cybersecurity incident? Can we estimate our potential losses and the effects of business disruption? What were our recovery costs? What longer-term remediation costs do we need to include in our 8-K incident report? How... BLOG New SEC Cybersecurity Disclosure Rules: Key Takeaways From Companies’ Responses While the ink is still drying on many 2023 Form 10-Ks, Protiviti has reviewed a subset of the filings to gauge how firms are responding to the U.S. Securities and Exchange Commission’s (SEC’s) amended Cybersecurity Disclosure Rule adopted in July... 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.... CLIENT STORY Finance Transformation Expertise Supports Strategic Initiatives The client was undergoing a strategic finance transformation initiative to globally align technology, policy, and procedures. As part of this initiative, the company had several strategic goals.... 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.... Button Button Leadership Nick McKeehan Nick is a Managing Director who serves as Protiviti’s Global Leader for Financial Reporting Remediation & Compliance services. He has over 20 years of experience leading Finance Transformations, including: public company transitions, financial accounting ... Learn More Christopher Wright Chris is a Managing Director in New York, leads Protiviti's global Finance Transformation and Transaction Services solutions, oversees Protiviti’s Supply Chain, Operations, People and Change practices, and serves on our global ESG steering committee. He is the firm-wide ... Learn More Charles G. Soranno Charles is a Managing Director in New York with extensive experience in IPOs, technical accounting and SEC reporting, internal control compliance, M&A, external audit and regulatory inquiries, and implementing new accounting pronouncements and disclosures. ... Learn More Charles Dong Charles is a Managing Director with Protiviti and serves as the firm’s Global Public Sector industry leader. He has significant experience in providing accounting and financial advisory, risk consulting and business transformation to both Public Sector and ... Learn More Key Partners Through our alliance partnerships we connect innovative services and technology with consulting expertise to optimize key processes and business performance initiatives.
