Your Challenges
Companies face severe challenges in dealing with the increasing complexity of accounting guidance. The increased complexity, coupled with stricter regulatory scrutiny and enforcement, has led to heightened sensitivity on the accounting practices of companies. Over the years, accounting standards have undergone substantial changes. Complying with changes in accounting standards is much more than a technical accounting issue. The accounting standards may significantly affect any number of a company’s day-to-day operations or even impact the reported profitability of the business itself.
The company’s independent auditors can no longer provide such accounting advisory services without violating the independence rules. Companies will need assistance to supplement their internal resources and provide the depth of experience necessary to address accounting issues as they arise.
How MWM can help
Our accounting advisory services are designed to supplement your company’s accounting function and provide advice to queries related to generally accepted accounting principles in US (US GAAP), International Financial Reporting Standards (IFRS).
Our seamless network of resources means that we have people locally and in other territories where you operate, to offer our expertise where you need it and when you need it. We have GAAP practitioners who can speak and communicate in local languages and work with your teams on the ground in addressing and resolving issues as they arise.
Our Experience:
Scotia Bank ( British Virgin Islands )
Our team assisted Scotia Bank British Virgin Islands prepare its financial statements, including ensuring full compliance with applicable International Financial Reporting Standards, as part of the external audit of the Bank’s financial statements.
