Ind AS or IGAAP to US GAAP conversion
Financial statements prepared under Ind AS or Indian GAAP may require specific adjustments for US GAAP reporting. We assist businesses in identifying accounting differences and preparing reconciliation and adjustment schedules for group reporting.
Our approach focuses on creating a structured conversion process that can be followed consistently across reporting periods.
What we handle
- Ind AS to US GAAP conversion and reconciliation.
- Identification of accounting differences between Indian GAAP and US GAAP.
- Preparation of US GAAP adjustment schedules.
- Analysis of accounting treatment for significant transactions.
- Recurring monthly, quarterly, and annual conversion support.
Other Services
- Consolidation & reporting packages
- Technical accounting memos
- Month-end & quarter-end close support
- US entity setup & cross-border structuring
- Transfer pricing & inter-company support
- FEMA & foreign investment compliance (India side)
- US tax filings
How we work
- Review Existing Accounting: We understand the accounting policies and financial reporting followed by the Indian entity.
- Identify Differences: Relevant differences between the applicable Indian framework and US GAAP are identified.
- Prepare Adjustments: Appropriate reconciliation and adjustment schedules are prepared for reporting purposes.
- Create a Repeatable Process: Conversion workings are documented to support future reporting periods.
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