Accounting Advisory

Helping you navigate complex standards

For many companies, the International Financial Reporting Standard and Generally Accepted Accounting Principles (GAAP) are an essential component of their financial reporting processes, both internally and externally. Complex standards and principles can be difficult to navigate – and changes in the reporting standards can have a big impact, both on your financial statements as well as your overall business.

That’s where we come in. At VAC Consulting our professionals provide a full range of accounting services, including:

  • Business combination and asset acquisitions
  • SEC-related rules and regulations
  • Share-Based Compensation
  • Navigating grant-date determinations, terminations, and modifications
  • Complex financial instruments, including derivatives
  • Convertible debt and other redeemable instruments
  • Revenue recognition policies and disclosures
  • Lease accounting policies and disclosures

Meeting new standards and regulations, head-on.
Both Nigerian GAAP and IFRS reporting standards continue to evolve every day. And while current expected credit losses, lease accounting, and revenue recognition changes may make the headlines, numerous other standards have been updated as well, each impacting balance sheets and financial reporting for current and prior reporting periods.

VAC Consulting offers comprehensive guidance on all aspects of new standards implementation. We help clients understand effects on reporting, disclosure requirements, whether or not changes to internal controls are needed, how to communicate with relevant parties, and how much time it will take to manage it all. Our professionals are deeply experienced in the nuances of regulatory language – in many cases participating in the writing itself as part of AICPA panels.

 

Your audit, tailored to your needs

A successful audit helps businesses create value and mitigate risk. VAC Consulting has assisted clients in navigating the many complexities of financial reporting, both in Nigeria and abroad. Backed by one of the world’s largest accounting and consulting networks, VAC Consulting offers the depth of resources to address complex technical issues – as well as the guidance of professionals who are recognized leaders in their fields. Our partners are invested in our clients’ success, giving you unparalleled access to senior professionals and decision makers.

We provide a wide array of services in the financial reporting area:

  • Financial statement audits
  • Global statutory audits
  • Agreed upon procedures
  • International Financial Reporting Standards

VAC Consulting auditors all over the world use the same audit platform and proprietary software, and tailor our offerings specifically to clients’ individual needs. This approach allows us to provide global companies with real-time updates, whenever – and wherever – they’re needed.