Under governance of federal securities laws, public companies must submit quarterly and annual reports of consolidated financial position and earnings.
Businesses based in the U.S. must report financials in accordance with US Generally Accepted Accounting Principles (GAAP). For public companies with foreign interests within their group structures, local reporting frameworks may also apply that differ from the U.S. GAAP framework. CKH offers clients expert familiarity with U.S. GAAP and all forms of local GAAP reporting.
Not only do we reconcile your taxes across frameworks, we identify and mitigate reporting differences that may otherwise cause confusion. Through in-depth analysis of diverse reporting methodologies, we differentiate between a true framework difference and accounting errors or oversights. Our reconciliation process works in tandem with foreign tax accounting, where deferred tax implication caused by different frameworks are considered and accounted for.
CKH has an experienced team of qualified accountants to assist you with U.S. GAAP and local GAAP reconciliation. More importantly, we use this expertise to help you interpret the true nature of any differences, remediating errors and clarifying discrepancies. Contact us today to have your financial reporting executed by tenured expert.