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.

The conditions in today’s global business market, such as rapidly changing regulations, increased scrutiny of company financials, complex, nonrecurring business transactions, and a shortage of experienced finance and accounting professionals, strain the capabilities of many finance organizations. This amplified stress increases an organization's exposure to mistakes, lost synergies and the inability to maintain base-level financial processes, and has led to more than 5,200 financial restatements in the United States since 2004. The risk of these errors is typically higher during the adoption of new accounting standards; embarking on significant business transactions; implementation of new IT/enterprise resources planning (ERP) systems; restructurings, acquisitions and divestitures; and expansion into new markets or new businesses.

Our Financial Reporting Remediation & Compliance professionals provide the critical functional and project management expertise necessary to cost-effectively prepare for and manage non-routine situations such as restatements, mergers and IPOs. We proactively monitor new accounting rules, alert our clients to changing requirements and offer assistance with addressing complex accounting or reporting challenges, including the conversion to International Financial Reporting Standards (IFRS).

We help clients with:

1. Revenue Recognition Processes and Controls
2. Stock-based Compensation
3. Fair Value Accounting
4. Purchase Accounting
5. IFRS Conversion

1. Podcast: Becoming a Public Reporting Company – Things You Need to Know