US GAAP financial statement preparation
Businesses with US-based parent companies, investors, or reporting requirements often need financial statements prepared in accordance with US GAAP. We assist Indian subsidiaries and India-based businesses in preparing financial information and reporting schedules in line with applicable US GAAP requirements.
Our services are designed to help management and group finance teams maintain accurate, consistent, and well-documented financial reporting.
What we handle
- Preparation of annual and interim financial statements under US GAAP.
- Preparation of financial statements and supporting schedules for Indian subsidiaries.
- Review and classification of financial information for US GAAP reporting.
- Preparation of account reconciliations and supporting working papers.
- Assistance with group reporting requirements and management reporting.
Other Services
- Ind AS or IGAAP to US GAAP conversion
- 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
- Understand the Reporting Framework: We understand the group's reporting requirements, accounting policies, reporting period & information needs.
- Review Financial Records: We examine the underlying financial information & supporting schedules.
- Apply US GAAP Requirements: Relevant accounting principles are applied to the financial information & reporting schedules.
- Maintain Documentation: Working papers and supporting schedules are maintained to provide a clear basis for the reported figures.
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