Financial Reporting Advisory Services

Prepare for changes to your financial reporting 

While an external auditor can deliver a high-quality, independent audit of your financial statements and offer limited support in detailing the potential impact of new and amended accounting standards. their requirement to maintain independence can limit their ability to support you.

Our FRAS team picks up where they leave off and provides comprehensive advice on how you can respond to accounting challenges.  
We’ll help you: 

• Convert your financial statements to another accounting framework including IFRS, U.S. GAAP, and ASPE
• Gain an in-depth understanding of your external auditor’s expectations around analysis and documentation
• Prepare you for your year-end audit and to collaborate with your external auditor
• Develop position papers on complex accounting matters or non-routine transactions
• Understand and implement new and amended accounting standards, including the option for hands-on workshops

Expand your finance team with on-demand resources and access to financial reporting experts

Whether you’re facing increasing demands for insights, information, and financial reporting for stakeholders, or you have an upcoming transaction or critical project, the demands placed on your finance team are increasing, but your internal resources are limited.

Our team can step in to provide you with the support you need, when you need it.  

We’ll help you:

• Alleviate internal resource constraints so you can focus on running your business
• Supplement and upskill your finance team during a significant change, including an acquisition, disposal, high growth, or the preparation for a first-time audit or liquidation event
• Prepare financial statements and/or MD&A
• With working papers associated with your quarterly and annual close cycles
• Prepare audit support materials
• “Cold read” your financial statements and/or review the MD&A to identify deficiencies and bolster best practices
• By providing tailored training on financial reporting and complex financial reporting topics such as impairment, fair value, and consolidation 

Rest assured that whatever your needs, you’ll have the right support in place when you need it

The modern financial reporting function requires coordination and integration between disciplines from complex accounting specialists to tax experts to valuation specialists. Managing these different functions so that they come together and feed into financial reporting on a timely basis is a specialized skill unto itself.

Our FRAS team works with you to understand your unique challenges and your broader business and financial reporting needs. With that knowledge, we can provide integrated coordination of all your professional service advisors, taking the pressure off you and your finance team.

We’ll help you:

• Access accounting advisory services delivered by a technically competent team
• Align with other support services, such as tax reporting advisory, valuation, complex financial instrument pricing, internal controls, and litigation support services
• Develop a clear project plan and effective solution in collaboration with your finance team  

Meeting complex accounting standards and compliance / valuation requirements for financial instruments is a basic function of capital structure planning and maintenance, but implementing best practices to mitigate risk, manage obligations, and measure benefit can unlock your organization’s full potential.

Doane Grant Thornton’s Complex Financial Instrument Pricing team of CPAs, Chartered Business Valuators, financial analysts, and risk managers have the industry experience and access to the advanced tools and techniques necessary to meet your financial instrument valuation and risk management needs. Together, we can:

• Establish fair market valuation of financial instruments (e.g., loans, bonds, preferred stock), derivatives (e.g., options, swaps, forwards/futures), and other complex financial arrangements (e.g., hybrid or combined instruments),
• Determine synthetic credit rating and risk-adjusted rates (including the incremental borrowing rate under IFRS 16)
• Hedge effectiveness assessments
• Manage credit and counterparty, market, and liquidity risk
• Stress test capital and funding plans
• Develop financial risk strategies, appetites, tolerances, and limits