Technical accounting change

KPMG helps businesses anticipate the impact of accounting changes, including opportunities.

SERVICE

Changes in accounting standards affect more than accounting in your company. 

They create far-ranging implications and demand stronger coordination across departments and disciplines. Whether you’re dealing with lease accounting, CECL, revenue recognition, or another standard, a critical first step is to understand your current compliance situation, your desired state, and the gaps you need to address.

KPMG uses a holistic approach that can help you anticipate impacts on various fronts, define each function’s compliance role, and help departments collaborate on compliance goals.  Our cloud-based assessment tool, KPMG Accounting Change Evaluator, can show you a clear picture of regulatory gaps across functions and industries.

Just as the impact of these changes extends beyond accounting, KPMG does more than help you manage deadlines and rules. We reveal the opportunities a new standard presents and recommend how to improve efficiency and execution.

For organizations with an international footprint or reporting requirements, we provide support for both U.S. GAAP and International Financial Reporting Standards (IFRS), including conversion between reporting standards.

Accounting change is an evolving process—one that requires consistent support from a well-informed advisor. That’s KPMG.

Our people

Marybeth Shamrock

Marybeth Shamrock

Partner, Accounting Advisory Services, KPMG US

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Reza Van Roosmalen

Reza Van Roosmalen

Principal, Advisory, Accounting Advisory Services, KPMG US