Reporting for foreign-owned subsidiaries
U.S. subsidiaries & specialized reporting
At Clayton & McKervey, our accounting and reporting services have proven particularly valuable and helpful to international companies. We understand the importance of the U.S. operations meeting the global group reporting requirements, even when the requirements are substantial in relation to the size of the U.S. company. Our services help navigate that gap and can range from understanding and meeting a foreign parent company’s monthly reporting requirement for a new U.S. subsidiary to completing an annual group reporting or audit package for an established U.S. subsidiary.
Specialized reporting can also be required of the U.S. operations. We have worked with many foreign owned companies to provide customized reporting, complete extensive group reporting packages, perform special procedures to provide assurance in specific areas such as inventory, and made adjustments between U.S. Generally Accepted Accounting Principles (GAAP) and accounting principles required in other countries.
We’ve worked with enterprises from all over the world to help them understand the requirements U.S. subsidiaries must satisfy in order to meet the needs of foreign parent companies. We can help prepare the proper reporting documents for your foreign parent or group auditor, and provide specialized reporting by individual subsidiary.