Accounting & Reporting
Specialized Support for Complex Accounting and Reporting
Complex transactions, new accounting standards, and heightened reporting demands require specialized technical expertise that most internal finance teams don't have the depth or bandwidth to handle on their own. KBF helps companies work through these challenges accurately and efficiently.
From technical accounting research and financial reporting to transaction accounting and internal control readiness, our team works alongside your in-house finance function to help address significant reporting events — whether that's a merger or acquisition, a new standard implementation, a restatement, or an IPO or capital markets transaction. Rather than hiring permanent, expensive consultants for what is often a temporary need, KBF steps in to provide the technical accounting depth to get the job done.
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Why Choose KBF for Accounting & Reporting
From initial contact through final delivery, each project is guided by seasoned professionals. Our leaders are involved in the day-to-day management of your project, keeping timelines on track.
We maintain technically diverse client service teams equipped to address a wide range of accounting and reporting requirements.
KBF has no conflicts of interest and no predisposition toward a particular accounting outcome. We are an independent advisory firm, and our work can withstand scrutiny from auditors, lenders, and boards.
Our professionals have extensive experience in financial reporting and accounting gained from working with hundreds of public companies, private equity-backed businesses, and venture-backed startups.
How We Deliver
Financial Reporting
When a company undergoes major operational or financial change, like a new revenue stream, a lease modification, or a change in accounting standards, accounting and reporting requirements can quickly become complex, and internal finance teams aren't always equipped to handle them alone. KBF's professionals act as technical guides, helping you determine which accounting rules apply, drafting the supporting technical accounting memos for your auditors, and ensuring the numbers are recorded correctly in your financial statements.
Our financial reporting support typically includes:
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- Technical accounting research and memos. KBF researches and applies the appropriate accounting guidance to complex transactions, drafting documentation that satisfies auditor requirements.
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- New standard implementation. Accounting rules change periodically, and these updates can affect both financial results and compliance requirements. KBF helps the company adopt new standards accurately and on schedule, with minimal disruption to daily operations
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- Financial statement preparation and review. KBF drafts or reviews financial statements and footnote disclosures for accuracy and GAAP compliance.
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- SEC and regulatory reporting support. For publicly traded companies, KBF prepares and reviews filings and disclosures required by the SEC or other regulators.
Our team manages the complex, heavily scrutinized accounting paperwork so financial reports are accurate, auditors are satisfied and deadlines are met without disrupting your internal team.
Accounting and Reporting: A Reliable Foundation for Every Close
Major deals, new standards, or an overburdened finance team don't stop deadlines from arriving. Left unaddressed, these pressures can compound over time, leading to tighter timelines and greater risk at close. KBF provides the extra capacity and technical expertise to keep your reporting accurate and timely.
Our accounting and reporting support typically includes:
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- Financial statement preparation and close support. KBF assists with your regular end-of-month or end-of-year process and drafts accurate, complete financial statements.
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- Footnote disclosure drafting. GAAP requires transparency and detail in financial statement disclosures. KBF drafts technical footnotes that clearly explain how estimates and significant judgments were determined.
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- SEC reporting support. KBF assists with 10-Ks, 10-Qs, S-1s, and other filings, so your reporting keeps pace with regulatory deadlines and scrutiny.
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- Accounting policy manual development. KBF documents your company's accounting positions and processes, helping ensure your team applies them consistently. This also gives auditors a clear reference for how your accounting policies are applied in practice.
KBF helps streamline your reporting cycle, keeping your statements accurate and audit-ready - so your team can focus on core business functions instead of reworking the numbers.
Risk Management & Operational Change: Build Controls That Hold Up
As companies grow, adopt new systems, or restructure, errors can slip through the cracks, and operational and financial reporting processes can break down. KBF helps companies design and implement controls that manage these risks and hold up under audit scrutiny.
Our risk management and operational change support typically includes:
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- Internal control design and assessment. KBF reviews your company's financial controls and recommends improvements so your records can withstand errors introduced by growth, restructuring, or new systems.
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- Process and systems change support. KBF helps finance teams update policies, workflows, and reporting processes during an ERP migration, reorganization, or other operational change.
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- Interim and outsourced accounting support. KBF provides temporary accounting staff to fill capacity gaps during a transition or leadership change.
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- Post-transaction risk review. KBF reviews a newly acquired business to identify reporting and control risks and helps address them before an audit begins.
The right safety rails and workflows can reinforce a company’s financial infrastructure during major transitions.
Frequently Asked Questions
Schedule a Consultation
If a transaction, a new accounting standard, or an operational change is putting pressure on your finance team, it is best to connect with professionals before the deadline arrives. KBF's Accounting & Reporting team can walk you through what support would look like and what to expect from the engagement.
Explore More Services From KBF Advisory
Accounting Due Diligence
Considering a transaction? KBF's Accounting Due Diligence team provides independent buy-side and sell-side review of the tax and accounting landscape before a deal closes.
Technical Consulting
When reconciliations, a transaction, or an audit test your internal team's capacity, KBF's Technical Consulting team provides senior-led accounting support.
IPO & SEC Readiness
Going public demands an extreme level of financial transparency. KBF helps private companies prepare their financials to hold under severe scrutiny.
State & Local Tax (SALT)
Different U.S. states have different tax rules. KBF’s SALT team helps identify nexus exposure and multi-state obligations before they become penalties.
International Tax
Doing business globally unlocks a web of international laws. KBF’s International Tax team helps companies deal with treaty positions, transfer pricing, and global tax structure.
Advisory Services
Whether you are navigating an IPO, restructuring, or tackling complex accounting challenges, our team delivers tailored advisory solutions to meet your exact needs.