IFRS/US-GAAP

International accounting from IFRS to US-GAAP and vice versa

Our services in the area of IFRS and US-GAAP are:

• Legal, statutory and voluntary audits of annual and consolidated financial statements in accordance with IFRS and/or US-GAAP accounting principles
• Transition to IFRS or US-GAAP
• SOX 404 compliance (audit and consulting)
• International consulting
• Ongoing IFRS and US-GAAP reporting

China desks

China desks developing rapidly

Our China desk services are:

• Auditing
• Transaction consulting
• Due dilligence
• Tax consulting
• Audit of annual and consolidated financial statements
• Conversion to IFRS or US-GAAP
• Transfer pricing
• Financial Accounting
• Payroll

SOX 404

Introduction and testing of SOX 404 concepts

Our services in the area of SOX 404:

• Support with set-up and design of an SOX 404-compliant, internal control system
• Audits in accordance with PCAOB standards of SOX 404 control systems
• Consulting by tailored teams of experts (IT auditors, US CPAs)

Cross-border consulting

The ever-growing importance of cross-border consulting

Our services in the area of cross-border consulting include:

• Final audits in accordance with international accounting standards
• Transition to international accounting standards
• SOX 404 compliance (audit and consulting)
• Cross-border tax, legal and management consulting, if applicable with the involvement of our (foreign Praxity) cooperation partners
• Outsourcing services
• VAT services

Expatriate services

Expatriate services from regional level to global level or: Working with no borders - Global mobility

Our expatriate services include:

• Consulting on international employee assignment
• Payroll in home country and host country (coordinated globally by our Praxity partners)
• Calculation of hypothetical tax in home country
• Consulting on international-assignment-related contractual arrangements and on tax settlement in collaboration with renowned law firms
• Income tax returns in the home country and in the host country
• Development and implementation of international assignment policies (in collaboration with law firms)
• Changing labour contracts and creation of international assignment contracts (in collaboration with law firms)
• Consulting on social security issues (in collaboration with law firms)