Generally Accepted Accounting Principles (“GAAP”)
Generally Accepted Accounting Principles remains the cornerstone of financial reporting for the United States. As GAAP evolves to meet the challenges of a global economy, it becomes increasingly more complex. Implementing new standards, applying relevant GAAP to new events, or interpreting GAAP in the context of legal proceedings can all present challenges to businesses and their advisors. Claro experts bring decades of practical experience to evaluating and applying GAAP.
We have worked with accounting officers, audit committees, and financial advisors in evaluating GAAP issues and recommending solutions. Our expertise stems from roles in financial reporting such as controller or chief financial officer as well as vast experience as auditors providing independent attestation services. Although Claro does not provide financial statement audits, our experts are well versed in the relevant auditing standards.