Does your team have the time they need to keep up with changes in GAAP to address your company’s complex accounting issues? Do you readily know the answers to the reporting implications of the transaction your company is about to close? Do you know where to begin to assess the financial statement impacts of adopting a new accounting standard and the resulting operational and internal control effects?
Keeping current with and understanding accounting standards and financial reporting guidance requires in-depth knowledge and expertise from technical accountants, which can be difficult for even the most capable finance and accounting teams.