Transaction Accounting Advisory

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Case Study

Transaction Accounting Advisory

One of world’s largest banks, ranked among the top 10 banks globally by market capitalization, acquired the one of the largest housing finance company, which also had subsidiaries in life insurance, general insurance, asset management, and private equity.

The business situation

Our team’s role

Specialized
Expertise

We identified a team with extensive FS sector knowledge, US GAAP and SEC expertise, RBI accounting and regulations impacting banks, and SOX experience to furnish the required information to the bank.

Policy
Harmonization

Supported the subsidiaries with the identification of accounting policy differences with those followed by the bank under Indian GAAP as well as US GAAP; Quantification of the policy differences identified; Alignment of the chart of accounts and financial reporting formats; Updating and enhancing the existing risk control matrix under SOX requirements and supporting in designing formats and work-flows for regulatory reporting to RBI.

Specialized Expertise

We identified a team with extensive FS sector knowledge, US GAAP and SEC expertise, RBI accounting and regulations impacting banks, and SOX experience to furnish the required information to the bank.

Policy Harmonization

Supported the subsidiaries with the identification of accounting policy differences with those followed by the bank under Indian GAAP as well as US GAAP; Quantification of the policy differences identified; Alignment of the chart of accounts and financial reporting formats; Updating and enhancing the existing risk control matrix under SOX requirements and supporting in designing formats and work-flows for regulatory reporting to RBI.

The value our team added

Get Expert Guidance for Seamless Financial Integration

Your Partner in Post-Acquisition Success

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