Gaap Advisors

A. Electronic Mode Service

Issues Repository

Issue Repository is suited for all persons, companies and organisations preparing, presenting, reviewing auditing or studying financial reports of companies based on financial reporting standards. The issue repository is akin to a book that contains issues and responses on financial reporting standards. A book is published once in a year whereas the issue repository is updated daily with new issues and responses. If the reader of the book has any issues of his / her own that is not addressed in the book, he / she has very less chance of communicating with the author and getting the same resolved...Read More

Accounting Policy Repository

Key Audit Matters Repository

Review Repository

Qualification Basis Repository

Emphasis of Matters Repository

Other Matters Repository

Adverse Opinion Basis Repository

Disclaimer Basis Repository

B. Traditional Mode Service

Issue based Consulting

As our client, you can rest assured that all your issues on application of AS, Ind AS, ICDS, IFRS, IPSAS and ASLBs will get solved amicably to your satisfaction and in compliance with the prescribed Standards by our GAAP Advisors. We give written / oral opinions on any of the issues on AS, Ind AS, ICDS, IFRS, IPSAS or ASLBs application encountered during the period agreed with our client. Our clients for this service includes listed companies and audit firms. Our clients have expressed complete satisfaction with this service and have continued to benefit from this since last five years.

In-House Training

Our GAAP Advisors have clocked more than 2500 hours of presentations on AS, Ind AS, ICDS, IFRS, IPSAS and ASLBs. On AS, Ind AS and IFRS, we have three standard courses for 16 hours, 40 hours and 72 hours. We also provide customised training solutions on AS, Ind AS, ICDS, IFRS, IPSAS and ASLBs.

Impact analysis of new pronouncements

Standards keep changing rapidly. The adoption of Ind AS, IFRS, IPSAS and ASLBs require that the entity remains alert to any amendments or new standards that are issued after first-time adoption. Such amendments / new standards can have significant impact on the financials and at time the way the business is conducted impacting the existing contracts. Entities need to have mechanisms in place which inform them of the forthcoming amendments and the impact. We keep a constant watch on the developments in AS, Ind AS, IFRS, IPSAS and ASLBs and inform our clients on any impending changes required with impact.

GAAP Review of Financial Statements

As our client, you can rest assured that the financial statements prepared and presented or audited by you are in compliance with the applicable accounting standard framework. Our report includes a summary where we rank the financial statements from Excellent to Poor so that our client can have an idea of the financial reporting risk involved. You will be glad to know that our clients have benefitted immensely from this service and have received financial reporting excellence awards from various fora.

First-Time Adoption

With Ind AS becoming mandatory, all listed companies and also unlisted companies with net worth of more than Rs.250 crores, are in need of this service. With our team of experienced GAAP Advisors, our clients can rest assured that the first-time adoption exercise is smooth, hassle free and cost-effective. We also provide turn-key solutions for first-time adoption. Further, we provide first-time adoption solutions on IFRS, IPSAS and ASLBs

Comprehensive Services on Financial Instruments Standards

Financial instruments standards is considered to be the most complex of the standards in IFRS and the great news for you is that you need not worry on its compliance as we possess the required skill and expertise to help you in compliance with the financial instruments standards. Here, we provide hedge register preparation and maintenance services, consulting on amortised cost, fair value, derecognition, embedded derivatives and last but not the least hedging.