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CX provides interim expert technical accounting and GAAP compliance services to help companies navigate complex accounting challenges and ensure compliance with Generally Accepted Accounting Principles. Our team of highly experienced interim professionals possesses deep knowledge of U.S. GAAP, including the latest Accounting Standards Codification (ASC) updates.
Whether you require support during a challenging audit, are preparing for an IPO, or need assistance with a restatement, our interim professionals deliver the specialized expertise you need, precisely when you need it. We seamlessly integrate with your team, providing practical solutions and expert guidance to address your most pressing technical accounting issues, allowing you to maintain financial reporting integrity and focus on your core business objectives.
CX simplifies the complexities of GAAP compliance, reducing the risk of costly and time-consuming restatements. We provide interim accounting professionals with a deep understanding of U.S. GAAP and extensive experience applying these principles in a variety of industries and situations. By augmenting your in-house team with our specialized GAAP expertise, you gain access to a valuable resource that can help you proactively address complex accounting issues, implement new accounting standards, and navigate the intricacies of financial reporting requirements. This support allows your team to focus on day-to-day operations while ensuring the accuracy and reliability of your financial statements.
CX provides clear and actionable guidance on complex ASC topics, ensuring compliance with the latest accounting standards.
CX offers experienced interim professionals who seamlessly integrate with your team, providing immediate support and deep GAAP knowledge.
CX prepares comprehensive and audit-ready documentation, streamlining the audit process and minimizing disruption.
CX offers flexible and scalable solutions, providing the right level of support for both short-term projects and long-term technical accounting needs.
CX's technical accounting services provide comprehensive support for a wide range of technical accounting challenges. We assist clients with the implementation and interpretation of complex accounting standards, including ASC 606 (Revenue from Contracts with Customers), ASC 842 (Leases), ASC 326 (Financial Instruments—Credit Losses), and equity accounting. Our services encompass preparing technical accounting memos to document accounting positions, assisting with audit inquiries and responses, and drafting compliant financial statement disclosures. We also provide guidance on a variety of other GAAP topics, including business combinations, consolidations, and stock-based compensation. Our team's deep understanding of U.S. GAAP ensures that your financial reporting is accurate, transparent, and compliant with the latest regulations.
Businesses should consider engaging technical accounting consultants in several situations. These include preparing for an initial public offering (IPO), transitioning to new accounting systems, implementing significant updates to accounting policies, and navigating complex transactions such as mergers and acquisitions. Additionally, technical accounting consultants can provide valuable support when internal accounting resources are stretched thin due to staff turnover, increased workloads, or specialized projects. Bringing in external expertise can help ensure compliance, mitigate risk, and provide peace of mind during critical periods.
Yes, CX offers extensive support for ASC 606 and ASC 842 adoption. Our team provides comprehensive implementation guidance, helping clients navigate the complexities of these standards and ensuring a smooth transition. We assist with assessing the impact of the new standards on your financial statements, developing and documenting new accounting policies, and implementing appropriate processes and controls. We also prepare comprehensive memos documenting the accounting treatment for complex revenue and lease arrangements, ensuring audit readiness and compliance.
