Due to its size, perceived credibility, and eagerness of its participants to invest, the US securities markets represent the richest source of capital in the world. There are other international markets that attract investors for varied reasons. While the rewards can be great, the challenges are many for foreign companies which are unfamiliar with the stringent demands of the US and other international markets. For a foreign company to successfully enter and prosper in the US or other international markets, whether for the purpose of raising capital or listing their securities, a well thought out plan and deep knowledge of the regulatory and other requirements are essential.
Today, India is a vibrant market attracting many foreign investors. For Indian companies attracting foreign investors from all across the globe, there is a need to speak in a language they understand. US GAAP and IFRS have been most acceptable and trusted languages in the financial arena for the foreign investors, especially after adoption of IFRS in more than [100] countries.
How PwC can help:
PricewaterhouseCoopers’ Global Capital Markets Group (GCMG) is a dedicated global team of professionals that provides high-value advisory services to non-US companies keen to tap the US and other international capital markets.
Within PricewaterhouseCoopers, GCMG is supported at the national level by professionals specialised in US accounting and reporting guidelines. The SEC-FPI Services, which forms part of PwC's Assurance and Business Advisory Services (ABAS) is staffed by renowned cross border filing experts some of whom have worked with the SEC in this space. The SEC-FPI Services provides technical support to the GCMG regarding US GAAP, SEC reporting and other related matters. The GCMG is also supported by the PwC's Global Corporate Reporting Group, based in London, for consultative support on IFRS and other pronouncements, and where applicable, accounting standards and pronouncements of other countries.
Our Services:
Our intimate knowledge of the SEC, international accounting rules and complex multi-national project management expertise enable us to support clients in six key areas of activity:
- Raising capital from IPOs, private placement, and debt sources;
- Assisting organizations in meeting Generally Accepted Accounting Principles (GAAP) requirements to prepare them for listing, acquisition or capital raising initiatives
- Acquisition support for US-listed or other internationally listed companies making a acquisition in India and the subcontinent;
- Ongoing reporting for SEC registrants and their subsidiaries based in India;
- Implementation support for US GAAP or IFRS by providing technical advisory on GAAP requirements and/or an impact study using reconciliation; and
- Providing training in enhancing knowledge of GAAP within an organisation.
