US GAAP represents a set of accounting rules used to prepare financial statements for publicly traded companies and many private companies in the United States. In order to cope with the sophisticated capital market over the past one hundred years, US GAAP has been evolved to one of the most comprehensive GAAPs in the world and is still being frequently updated. Yet, the complexity of US GAAP caused lots of difficulties for accountants in understanding and applying proper principles and accounting treatments.
Further more, under the Sarbanes-Oxley Act of 2002, US public companies are now subject to new requirements for management and independent auditors to report on the effectiveness of internal control over financial reporting. One set of effective internal controls are fundamental to investor confidence in financial reporting because they help to deter fraud and to prevent inaccurate financial statements. However, many companies are experiencing the difficulties in compliance of the internal control requirements.
We have experienced US CPAs who once worked with big 4 accounting firm over 10 years. We therefore can act either as an advisor to help you prepare your 10K or 10Q financial statements and notes in compliance with the rules of SEC and Sarbanes-Oxley Act 404, or as an auditor to audit your financial statements for your consolidation purpose or filing purpose.