Financial Reporting

We prepare and review complete financial statements under US GAAP or IFRS: the balance sheet, income statement, statement of cash flows, statement of changes in equity, and the full footnote set, each face number traced to a support schedule that a reviewer can follow without a conversation. Preparation runs from a trial balance and supporting detail to a finished set with tie-outs; review takes statements your team drafted and closes the gaps before the auditor opens them. The standard we hold is the one we applied as auditors: every material balance carries a schedule, every schedule reconciles to the ledger, every disclosure has support behind the sentence, and the whole package cross-foots. For companies reporting under IFRS, typically foreign private issuers and international groups, we build to the presentation and disclosure IFRS requires rather than a US template relabeled. The result is a set of statements that clears audit testing the first time, which is the only version worth preparing, because statements that generate a findings list have not saved the work, they have deferred and multiplied it.

What we do: We prepare or review complete US GAAP or IFRS statements with every material balance carrying a schedule that ties to the ledger.

We build the disclosure package as a checklist-driven deliverable, not a copy-forward. Every required footnote is confirmed against the applicable framework and the company’s actual facts: significant accounting policies written to the elections the company made, revenue disaggregation and remaining performance obligations under ASC 606, lease maturity and weighted-average disclosures under ASC 842, debt terms with maturities and covenants, fair value hierarchy and measurement inputs, income tax rate reconciliation and deferred detail, commitments and contingencies, segment reporting where it applies, and subsequent events through the issuance date. We draft the technical footnotes auditors focus on first, because those are the ones that generate the back-and-forth, and we write them the way a reviewer tests them, from the facts and support outward. Where a disclosure requires a position the standards do not resolve on their face, the technical accounting practice writes the memo that stands behind the footnote. The package that results reads as a current, complete description of the company, which is what a disclosure package is supposed to be and what a copied one never is.

What we do: We build the disclosure package from a checklist against your actual facts, drafting the technical footnotes auditors test first.

We run conversions in either direction as a documented, line-by-line exercise. First we scope the differences that actually apply to the company’s facts rather than the full catalog of framework divergences, because most companies are touched by a handful. Then we build a bridge schedule for every difference: the source-framework balance, the adjusting entry, the target-framework balance, and a reference to the standard and the support behind the adjustment, so the movement from one framework to the other is fully traceable. Common bridges we prepare cover revenue recognition timing, lease classification and measurement, impairment and reversal differences, capitalized development costs, and the presentation and classification differences that reshape the statements even where measurement agrees. The output is a converted set of statements plus the reconciliation an auditor can test, walking every material difference from opening to closing balance. Conversions done as reclassifications fail this test; conversions done as bridges pass it, and passing it is the whole point, because the reconciliation is the deliverable the audit and the counterparty will actually rely on.

What we do: We convert in either direction as bridge schedules, walking every material difference from source framework to target for the auditor to test.

We build consolidations that hold up entity by entity. Intercompany eliminations are reconciled at the pair level before consolidation, so intercompany revenue, payables and receivables, loans, and unrealized profit net to zero with a schedule proving it, rather than leaving a residual that gets plugged. Multi-currency translation is applied by the book: assets and liabilities at the closing rate, income statement at the average, equity at historical rates, with the cumulative translation adjustment rolled forward and reconciled in equity so the balance sheet balances for the right reason. Noncontrolling interests are computed from actual ownership and carried with a rollforward. The consolidated statement of cash flows is built to tie, with the effect of exchange rate changes on cash isolated rather than buried. Where a control assessment or a variable interest question governs which entities consolidate at all, the technical accounting practice documents the ASC 810 position first. The deliverable is a consolidation that reconciles from entity trial balances to consolidated statements through schedules a reviewer can follow, which is the version that clears diligence and audit instead of generating a request list.

What we do: We reconcile intercompany at the pair level, translate by the book, and tie the consolidated cash flow, entity by entity.

We prepare and review reporting to the standard registrants and pre-IPO companies are held to. That means statements built to Regulation S-X form and content, the correct comparative periods, financial statement age monitored against the filing calendar, and the S-X schedules and any required acquired-business or pro forma financials scoped early rather than discovered in review. We run the statements and footnotes against an SEC disclosure checklist, the same instrument the reviewing accountants use, so the disclosure gaps surface in draft rather than in a comment letter. Where the filing raises technical positions, revenue, equity, business combinations, and segment reporting are the recurring comment areas, we document them to survive staff review, and the capital markets advisory practice coordinates the broader filing. The goal is reporting that answers the reviewer’s questions before they are asked, because in a public reporting timeline every avoided comment is days saved and every anticipated one is a workstream you controlled instead of a fire you fought.

What we do: We build to Regulation S-X, run an SEC disclosure checklist, and document the positions that draw staff comments before the filing does.

We build these to the same tie-out standard as the rest of the package. Cash flow statements, direct or indirect method, are constructed from the changes in the balance sheet with every reconciling item supported, non-cash items identified, and the ending cash tied to the balance sheet and the bank, so the statement reconciles by design rather than by plug. Equity rollforwards reconcile the cap table to the financial statements: share issuances, option exercises, SAFE and convertible conversions, and stock compensation carried through to the equity footnote, so the shares and dollars in the statements match the shares and dollars the company actually issued. Interim and stub-period financials, the quarterly and short-period statements a fundraise, an acquisition, or a filing requires, are prepared with cutoffs, accruals, and support held to year-end discipline rather than relaxed for a partial period. Transaction-driven work is a core part of this practice, delivered inside deal timelines, because the moment these statements are needed is usually the moment they are being examined most closely, and that is exactly when they have to be right.

What we do: We build cash flow statements and equity rollforwards that tie, and interim financials held to year-end discipline for the transaction.