Accounting Advisory Services and Audit Support

In an environment of evolving standards, complex transactions, and increased regulatory and auditor scrutiny, businesses need more than transactional accounting. They need strong technical expertise and structured audit readiness.

We support organizations in interpreting complex accounting standards, strengthening financial reporting frameworks, and delivering audit ready documentation across Ind AS, IFRS, and US GAAP. From accelerating month end close to managing first time adoptions and conversions, we partner with finance teams to improve compliance, enhance reporting quality and reduce audit risks.

Key Challenges We address

• Eliminating audit issues and surprises through proactive resolution
• Providing technical accounting clarity on complex and judgement-driven areas
• Accelerating close timelines while maintaining accuracy and control
• Simplifying GAAP transitions and first-time adoption complexities

Our Services

1. Accounting Advisory Services

Technical Accounting Advisory and Policies

• Interpretations and application of different GAAPs across IFRS, Ind AS, US GAAP, and UK GAAP
• Development of accounting policy frameworks and manuals
• Preparation of Technical memos and position papers for auditors and stakeholders
• Advisory on complex estimates including ECL, impairment, provisions, share based payments, etc.

Financial Reporting and Close Support

• Preparation/review of standalone & consolidated financials under various GAAPs
• Drafting of disclosures, notes to accounts, and compliance checklists
• Group reporting, consolidation packs, and intercompany reconciliations
• End-to-end month end close support, including reconciliations, accruals and adjustments.

Implementation of Accounting Standards and Principles

• Revenue (IFRS 15 / IND AS 115 / ASC 606): contract assessment, variable consideration, principal vs agent
• Leases (IFRS 16 / IND AS 116 / ASC 842): lease identification, ROU asset measurement, discount rates, modified/short term leases
• Financial Instruments (IFRS 9 / IND AS 109): classification & measurement, EIR, hedge accounting, ECL modelling
• Impairment & Fair Value (IAS 36, IAS 38): CGU assessments, valuation models, documentation

Transaction and Restructuring Accounting

• Accounting for Business combinations (IFRS 3 / IND AS 103), including purchase price allocation and goodwill
• Group restructurings, mergers, demergers and common control transactions
• Equity and debt instruments, preference shares, convertibles, and ESOPs

GAAP Conversion and First Time Adoption

• Conversion from Local GAAP to IFRS / Ind AS or US GAAP
• Transition planning under IFRS 1/Ind AS 101, including opening balance sheet preparation

Development of conversion models, reconciliations, and transition disclosures

2. Audit Support (IFRS, Ind AS and US GAAP)

Pre Audit Readiness

• Support in preparation of documents as part of the initial requirement list shared by auditors.
• Financial statements tie out, cross referencing and documentation alignment
• Review and strengthening of control documentation and audit trails

During the Audit

• End-to-end co-ordination with statutory, internal, group auditors
• Responding to RFIs, submission of evidence, and managing the audit tracker
• Addressing audit observations and resolving queries

Post Audit Closure

• Finalization of adjustments and disclosure
• Remediation of management letter points and control gaps
• Identification of process improvements for future close and audit cycles

Our Differentiators

• Deep technical expertise across IFRS, Ind AS and US GAAP
• Audit ready documentation aligned with industry best practices
• Hands on delivery with fast turnaround and clear communication
• End to end support from close to consolidation to audit sign off
• Strong sector experience and pragmatic advice tailored to your business