Designed to deliver more timely and accurate reporting, accounting change standards pose significant challenges.
Changing standards have far-ranging implications and require greater coordination across departments and disciplines. KPMG’s holistic approach to accounting change helps ensure that you can anticipate the impacts on every front, define the roles each function must assume in implementing your compliance plans, and help departments work together in support of your compliance and business goals.
Whether you’re addressing lease accounting, CECL, IFRS Conversion, or another standard, a clear understanding of your current compliance state, your desired future state, and the gaps you need to address is the critical first step in successful accounting change. KPMG’s cloud-based assessment tool was designed to help jumpstart your efforts, giving you a clear picture of regulatory gaps across functions and industries.
KPMG can help you do more than just meet deadlines and manage rules. Our experts can reveal unexpected opportunities that new standards present, along with improving efficiency and execution. Accounting change isn't an event. It's an ongoing, evolving process—one that requires consistent support from a well-informed advisor. Enter KPMG.