GAAP Reporting
Reliable reporting across accounting frameworks
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Businesses operating across jurisdictions, investor environments, or group reporting structures often need financial information prepared under multiple accounting frameworks.
Differences between reporting standards can create complexity in presentation, recognition, disclosures, and supporting schedules.
We support businesses in producing reliable reporting outputs aligned with applicable accounting frameworks including IFRS, Ind AS, and US GAAP.
We support preparation of financial statements under applicable GAAP requirements.
We assist in converting financial information between reporting frameworks.
We help draft framework-specific disclosures and note requirements.
We identify and process adjustments required under alternate GAAP.
We support framework discussions with auditors and group reviewers.
Case Study 1 – Ind AS to US GAAP Conversion
The Business Situation
An Indian subsidiary of a US-listed group required reporting under US GAAP for consolidation purposes. Differences in revenue recognition, leases, and financial instruments created complexity.
Our Team’s Role
- Identified GAAP differences and prepared adjustment framework
- Converted financials into US GAAP format
- Prepared disclosures aligned with group requirements
Value Delivered
- Seamless integration into group reporting
- Reduced audit queries
- Improved reporting accuracy
Case Study 2 – Multi-GAAP Reporting for Investor Requirements
The Business Situation
A PE-backed company required simultaneous reporting under Ind AS and IFRS for investor reporting and internal decision-making.
Our Team’s Role
- Developed dual reporting framework
- Automated reconciliation between GAAPs
- Standardized disclosures
Value Delivered
- Consistent reporting across frameworks
- Reduced manual effort
- Enhanced investor confidence
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