Services: Accounting Advisory
To the experts at Crowe Soberman, the traditional audit is just the beginning. There are many more ways our Accounting Advisory Group can help.
Your financial information contains a message about the health of your business. Crowe Soberman’s Accounting Advisory Group will help you understand, interpret and manage important initiatives which benefit your business.
Whether your organization is private, public or not-for-profit, the professionals at Crowe Soberman can assist you in numerous ways, including:
- Accounting system reviews
- Budget development and analysis
- Cash-flow analysis
- Control and operations improvement
- Financial statement preparation
- Financial forecasts and
- Turnaround analysis
…just to name a few ways in which we can help your business.
We also provide assistance to clients’ compliance requirements, particularly with recent changes in accounting standards and regulatory environments including ASPE and IFRS. These changes have brought with them some complex and evolving standards, which have required companies to make substantial changes. These changes go well beyond the technical, affecting operations and even, potentially, reported profitability.
To understand and implement these changes, our clients rely on us for very specific accounting advice. In addition, companies contemplating cross-border acquisitions or IPOs may be subject to different standards. We help clients through the conversion process, identifying and dealing with accounting issues as they arise.
Publically-accountable enterprises in Canada were required to adopt International Financial Reporting Standards (IFRS) on or after January 1, 2011; however, the adoption of IFRS is becoming increasingly important for many companies who want to do business internationally. Our clients who must or have chosen to adopt IFRS have relied heavily on Crowe Soberman to stay abreast of these changes.
Canadian private companies have the option of adopting IFRS or Accounting Standards for Private Enterprises (ASPE). The decision over which accounting standard to adopt is not easy as there are variables that need to be considered by private companies. Crowe Soberman’s team of specialists can guide and support our private company clients through this major transition.
It’s been said “the numbers don’t lie”, but without the right expertise they can be misunderstood. Crowe Soberman’s Audit & Advisory Group will ensure that you understand exactly what your financial information means to you and your business, and how you can best act to benefit from this knowledge.