The Financial Reporting Advisory (FRA) department specialises in providing companies and financial institutions with advice and support for financial reporting in compliance with each country’s standards, as well as the establishment and implementation of internal controls. Specialists in these fields offer appropriate advice based on the most up-to-date information and first-hand experience.
In a market environment in which companies are working to establish more transparent management structures, there is increasing demand for auditing firms to provide highly objective advisory services. To meet these needs, PricewaterhouseCoopers Aarata has brought together a team of professionals with broad experience in financial reporting and services relating to internal controls, and has focused on the key concepts of accounting professionalism, process expertise, and global service development. Working together, these professionals make up PricewaterhouseCoopers Aarata’s Financial Reporting Advisory (FRA) department.
The FRA department, with the benefit of seamless communication with overseas PwC offices and in-depth knowledge and expertise, provides services tailored to clients’ financial reporting needs.
■Key Service Areas
- Support for U.S. GAAP conversion
- Support for IFRS conversion
- Support for the establishment of financial reporting structures
- Support for compliance with Section 404 of the U.S. Sarbanes-Oxley Act
- Support for compliance with "Management Assessment and Audit concerning Internal Control Over Financial Reporting" under the Financial Instruments and Exchange Law (J-SOX)
- Support for the improvement of operational processes and internal controls
- Support for the establishment of an internal auditing structure
- Support for the introduction of tools for internal audits
- Outsourcing and co-sourcing of internal audits
