Public Companies

Keiter offers the right mix of knowledge between GAAP, IFRS, compliance, information technology, and business processes to meet the needs of our publicly-held companies.

We are registered with the Public Company Accounting Oversight Board (PCAOB) and we are also a member of the Private Companies Practice Section and the Center for Audit Quality of the American Institute of Certified Public Accountants (AICPA).

Our firm has several partners, managers, and seniors who joined Keiter from large national firms, and have extensive knowledge of the initial public offering (IPO) process.

Our public company clients benefit from our wide range of services, experience, and insights including:

Audit and Tax Services

  • Tax compliance outsourcing
  • Tax provision and deferred tax accounting
  • IFRS readiness consulting
  • Third-party contract and royalty agreement compliance
  • Audits of employee benefit plans
  • IPO services

Risk Advisory Services

  • Internal audit outsourcing
  • SOX 404 documentation and testing
  • IT auditing
  • Corporate risk assessments
  • Enterprise risk management
  • SAS 70 reports on internal controls

Valuation Services

  • Valuations and purchase price allocations
  • Valuations of goodwill and identified intangibles
  • Level 3 valuations for FAS 157

IFRS Readiness and Conversion Services

With the continued convergence of accounting principles generally accepted in the United States with International Financial Reporting Standards (IFRS), many U.S. companies – particularly those with foreign ownership or international transactions – are starting to look at adopting IFRS.

While the Securities and Exchange Commission does not yet permit the use of IFRS by registrants, non-public companies (including U. S. subsidiaries of foreign companies) can adopt IFRS for U.S. reporting purposes now!

The International Accounting Standards Board has also been friendly to smaller companies, having issued its IFRS for Small and Medium-Sized Entities, which have fewer disclosure and complex calculation requirements than “full” IFRS.

Keiter serves a number of foreign-owned companies. Many of these subsidiaries maintain their general ledger under U.S. GAAP, but then make conversion adjustments for their monthly, quarterly or annual reporting in IFRS to the parent company. This additional conversion effort can be eliminated by adopting IFRS for U.S. reporting purposes.

We have assisted several clients in evaluating the cost-benefit of converting to IFRS. The initial study focuses on identifying the potentially significant differences between U.S. GAAP and IFRS. Our experience thus far is that most clients did not have material differences, and the conversion to IFRS was relatively painless.

We can help you assess the effort to convert your company’s financial statements to IFRS. Initial consultations are at no cost, and we will provide an estimate of the fees for the conversion process.