In today's business environment, accounting has become a key function as different stakeholders attempt to get the most useful and accurate information to make important decisions. Chicago Advisory Group can assist your company in the following areas:

We assist companies in determining appropriate accounting for complex transactions in accordance with US GAAP and international accounting standards. We help identify the relevant issues, interpret the financial accounting standards and apply the technical guidance to client's operations. From high-level corporate policies to detailed process procedures, we provide solutions to issues and create structure for key areas to better position you to operate more efficiently.

With the increased need for timely and reliable financial reporting, many companies are finding that they need to have a more robust management reporting model. CAG helps companies to develop processes that ensure all relevant information is captured in periodic management reports. The improved reporting model allows management to have all the necessary information for effective decision-making. For companies going through financial restatements or companies with system limitations, we assist with gathering, validating, and analyzing data from multiple sources.

We use our technical experience and knowledge of external audit requirements to ensure compliance with the OMB A-123 and Sarbanes-Oxley provisions. We assist with planning and executing OMB A-123 and Section 404 compliance projects and preparation of the necessary documentation. Where controls appear weak, we help to design the controls necessary for OMB A-123 and Section 404 compliance and efficiently implement them throughout client's US and worldwide operations.

CAG assists companies in reviewing, evaluating, and determining the impact of accounting restatements on their financial statements. We leverage our prior experience and knowledge of the surrounding issues to help our clients perform the necessary internal audit work to ensure accuracy, completeness, and validity of the revised financial records. We also assist in the preparation of the necessary documentation for review by external auditors and regulators.

Our firm helps to convert the financial statements of foreign subsidiaries so they comply with US GAAP or international accounting standards, both in format and content. We also assist in designing processes that ensure continued compliance.

To supplement certain accounting and finance functions, CAG provides companies with access to experienced professionals to assist with key accounting and financial work.

We provide training courses in international and US accounting principles to executives, managers, and employees. We listen to your company's needs and tailor our training seminars to respond to your specific needs and level of expertise.

This service is primarily designed for small to mid size audit firms and companies with an internal audit function. We critically evaluate the existing audit methodologies to ensure their compliance with US GAAS or IAAS and make sure that all potential risk areas are appropriately addressed in the audit program.