Key challenges

Accounting challenges arise from both developments in underlying accounting requirements and general business activity. The introduction of a new accounting standard, or amendments to existing accounting standards and reporting requirements, may be challenging and require organizations to seek professional assistance.

How KPMG can assist your organization

Implementation of new accounting standards

We assess the impact of a change of accounting standards on your financial statements, including:

  • Highlighting the difference between current and new requirements
  • Advising on implementation
  • Reviewing retrospective transition calculations and methods used
  • Training finance and non-finance personnel

Technical accounting and financial statement assistance

We help prepare various statements, including:

  • Accounting position papers
  • Policy manuals
  • Accounting opinions to support the accounting treatment for a particular transaction

Additionally, we are able to assist in preparing responses to regulators’ queries, among other services

Statutory accounting and book-keeping compliance

We work with finance teams to develop more effective financial and regulatory reporting systems. This includes:

  • Finance function set-up and process effectiveness
  • Control assessments
  • Remediation
  • Frameworks, regulatory accounting and reporting, in addition to better business reporting
  • Audit readiness

Training programs

We provide:

  • IFRS training for entry-level to experienced professionals
  • Annual IFRS updates
  • Seminars on specific issues
  • IPSAS training
  • Finance training for non-finance professionals

ESG reporting

We focus on key ESG themes, including:

  • Sustainable finance
  • Climate change and reporting, with a wide range of data-driven solutions

Our team uses technology and deep industry experience to navigate and simplify the complexities of every stage of your ESG journey

Key insights