Financial Reporting

Financial reporting rules are increasingly becoming more complex. As generally accepted accounting principles (“GAAP”) continue to evolve the already demanding financial reporting requirements necessitate professional judgment from management to achieve the disclosure objectives of meaningful and transparent financial information.  However, that judgment is often questioned leading to disputes and litigation.  Claro’s accounting experts are recognized authorities on GAAP and GAAS, who have held senior leadership positions in big four accounting firms and served as financial officers in industry.  We are able to use this past experience to understand the circumstances under which accounting decisions are made to form defensible opinions.