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. Survey October 24, 2023 2023 Global Finance Trends Survey Explore Protiviti’s 2023 global finance trends survey with expert opinions, financial forecasts, and financial risk assessments. Download the full report. Read more 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. Our approach Ensure your organisation stays compliant and reduces risk 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 BLOG SEC Gives Guidance on Permitted Cyber Incident Filing Delays on Material Events The big picture: The SEC has released new rules around the timing and filing of Form 8-K for reporting material cybersecurity incidents that could pose a substantial risk to national security or public safety. Why it matters: The new rules require... NEWSLETTER Setting the 2024 Audit Committee Agenda Compared to prior years, our suggested 2024 audit committee agenda has taken a bit of a turn due to ongoing and recent market and regulatory developments.A complex business environment: The 2024 audit committee agenda includes important enterprise,... 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... BLOG ESG Reporting Is Already Required: Here’s What You Need to Know The big picture: Mandatory ESG reporting will soon be a reality for more than 3,000 U.S. companies, thanks to the EU’s Corporate Sustainability Reporting Directive (CSRD) that took effect last January. Why it matters: CSRD compliance requires... 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... BLOG What the SEC’s SolarWinds Charges Mean for CFOs and Their Peers — 8 Steps to Forge a Chain of Accountability The SEC’s disclosure-related charges against software company SolarWinds and its CISO are a game-changer. Why it matters: The enforcement action signals that the SEC espouses a broader view of accountability, one that extends beyond the certifying... 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 Leadership 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 the Metro NY Region of Protiviti and is a leader in Protiviti’s Finance and Accounting Excellence (FAE) and Internal Audit practices. Charles is also the Eastern Region leader for Protiviti’s Public Company Transformation practice which ... 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.