Accounting challenges arise from both developments in underlying accounting requirements and general business activity. The introduction of a new accounting standard, or amendments to existing accounting standards and reporting requirements, may be challenging and require organizations to seek professional assistance.
Key challenges
How KPMG can assist your organization
We assess the impact of a change of accounting standards on your financial statements, including:
- Highlighting the difference between current and new requirements
- Advising on implementation
- Reviewing retrospective transition calculations and methods used
- Training finance and non-finance personnel
We help prepare various statements, including:
- Accounting position papers
- Policy manuals
- Accounting opinions to support the accounting treatment for a particular transaction
Additionally, we are able to assist in preparing responses to regulators’ queries, among other services
We work with finance teams to develop more effective financial and regulatory reporting systems. This includes:
- Finance function set-up and process effectiveness
- Control assessments
- Remediation
- Frameworks, regulatory accounting and reporting, in addition to better business reporting
- Audit readiness
We provide:
- IFRS training for entry-level to experienced professionals
- Annual IFRS updates
- Seminars on specific issues
- IPSAS training
- Finance training for non-finance professionals
We focus on key ESG themes, including:
- Sustainable finance
- Climate change and reporting, with a wide range of data-driven solutions
Our team uses technology and deep industry experience to navigate and simplify the complexities of every stage of your ESG journey
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