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In PwC we have created a division of the Global Capital Markets Group (GCMG), a team of experts who render advisory services of a high added value to non-US companies interested in gaining access to the U.S. stock markets, or which are already listed in such markets.
Our GCMG’s staff has the best knowledge about the standards and formal and informal procedures of the SEC. A former senior member of the SEC, as well as professionals internationally distinguished in the matter, are part of the Group.
The most important non-US companies worldwide that have gained access to the US stock markets are among our clients. This means that we know which the problems are, as well as the solutions that will work for companies pertaining to different industries and with the most various financial structures.
- Assistance in the identification and quantification of the differences between local professional accounting standards and US Generally Accepted Accounting Principles (US GAAP) and/or International Financial Reporting Standards (IFRS).
- Identification and assistance for the development of the additional information that must be disclosed in notes and annexes to the accounting statements, use of pro-forma accounting statements and any other additional accounting-financial information, required by the SEC’s standards, regulatory agencies, US GAAP and IFRS.
- Assistance in the preparation of the MD&A and other financial and non-financial parts of the offer document.
- Assistance to the management in the analysis and resolution of questions posed by the SEC in its review to the document of authorization request for entering the public offer regime.
- Assistance in the compliance with the periodic reporting requirements imposed by the SEC (for instance, review to the annual presentation of Form 20-F).
- Evaluation of the accounting treatment of the new and/or unusual transactions under US GAAP and IFRS.
- Assistance for the evaluation and implementation of new standards issued under US GAAP and IFRS, as well as the SEC regulations.
- Teaching of courses and technical restatements over news relating to US GAAP, IFRS and the SEC.