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.

We deliver a wide-range of capabilities to support your organisation's unique finance needs and beyond:

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.

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.

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.

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.

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.