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Home > Services > Accounting
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International Accounting Services for Overseas Operations
More than 100 countries accept or are scheduled to accept the International Financial Accounting Standards Board (IFRS) as the universal language of accounting. In the U.S., the Securities and Exchange Commission is deliberating on either giving U.S. companies the option of switching from the U.S. Generally Accepted Accounting Principles (GAAP) to IFRS or to mandate the conversion as it prepares to release its road map for convergence between the two. Nair & Co. provides international accounting services to companies and generally maintains accounting books to the parent company’s chart of accounts. In addition, in certain countries (e.g. China, Italy, Korea) where this is a regulatory requirement, we maintain a parallel set of accounting books in local GAAP.
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The AICPA’s Statement of Auditing Standards 70 (SAS70/SSAE16) requires companies to ensure adequate financial controls are in place for...
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Companies need a common language to view their exposure to foreign currency risk when they operate in numerous countries...
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Companies can centralize the management of international payables. Accounting for payables forms part of the outsourced...
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Companies should manage their international Accounts Receivables (AR) in a coordinated,
centralized manner. This forms part of the...
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Companies centralize and automate Expense Processing to reduce costs of manual processing
and fraud. A global view of...
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Companies may need more frequent reporting of their accounts to cope with their
short-term risks. Volatility in short-term...
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International Consolidation
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Companies need a global view of their financial position but internal transactions
within the enterprise and...
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Companies view an Internal Audit as a tool to manage worldwide risk. Nair & Co.’s
Internal Audit department does this as a...
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Accounting, tax, payroll and stock Option reporting regulations vary dramatically
from country posing a challenge...
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