The increasing complexity of financial reporting standards can pose major challenges for businesses when implementing changes in accounting requirements, preparing for an IPO, undertaking a group-reorganization, acquisition or disposal, or raising debt or equity finance. The impact on reported results and financial position of these events or transactions can be significant. The costs of non-compliance with financial reporting standards may be high given the increasing level of regulatory scrutiny and enforcement. The associated business costs can increase if the wider impacts on taxation, information systems and internal controls are not fully understood and addressed. Finance teams already face considerable demands in managing the day-to-day running of businesses but with our help these changes can be navigated smoothly.
RSM Hong Kong’s financial reporting advisory team has extensive experience in the adoption of new financial reporting standards, capital market transactions, and accounting for mergers, acquisitions and disposals, and complex financial instruments. Our financial reporting experts provide in-depth technical knowledge of financial reporting standards which combined with our Firm’s full range of taxation, IT, internal control and valuation advisory services will help you address all aspects of your financial reporting needs.
We advise on a wide range of complex accounting issues including adoption of the new revenue, leasing and financial instruments standards, accounting for business combinations, pre-IPO group reorganizations, and complex financial instruments such as convertible notes and derivatives, and the consolidation of entities controlled through structured contracts. Our team delivers tailored accounting training for finance teams and/or audit committees. We also assist companies in responding to financial reporting enquiries by regulators.
RSM EXPERT INSIGHTS
The Financial Reporting Advisory Alert provides practical insights into the latest developments in Financial Reporting.
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