COMPLIANCE DEADLINES
ITITR Filing (Audit Cases)31 Oct 2026TDSTDS Return Q2 (26Q)31 Oct 2026MCAROC Annual Filing (AOC-4)29 Nov 2026ITAdvance Tax (Q3)15 Dec 2026GSTAnnual Return (GSTR-9)31 Dec 2026TDSTDS Return Q3 (26Q)31 Jan 2027ITAdvance Tax (Q4)15 Mar 2027GSTGST Reconciliation (GSTR-9C)31 Mar 2027ITITR Filing (Audit Cases)31 Oct 2026TDSTDS Return Q2 (26Q)31 Oct 2026MCAROC Annual Filing (AOC-4)29 Nov 2026ITAdvance Tax (Q3)15 Dec 2026GSTAnnual Return (GSTR-9)31 Dec 2026TDSTDS Return Q3 (26Q)31 Jan 2027ITAdvance Tax (Q4)15 Mar 2027GSTGST Reconciliation (GSTR-9C)31 Mar 2027ITITR Filing (Audit Cases)31 Oct 2026TDSTDS Return Q2 (26Q)31 Oct 2026MCAROC Annual Filing (AOC-4)29 Nov 2026ITAdvance Tax (Q3)15 Dec 2026GSTAnnual Return (GSTR-9)31 Dec 2026TDSTDS Return Q3 (26Q)31 Jan 2027ITAdvance Tax (Q4)15 Mar 2027GSTGST Reconciliation (GSTR-9C)31 Mar 2027
HomeServicesFinancial Accounting & Advisory

FAAS

Financial Accounting & Advisory

Precision Reporting. Capital Confidence.

Our Financial Accounting Advisory Services (FAAS) practice supports CFOs, audit committees, and boards in navigating complex accounting standards, capital market transactions, and reporting transformations. From Ind AS conversions to IPO readiness, we deliver the financial transparency that investors and regulators demand.

METHODOLOGY

01

Diagnostic assessment of existing accounting policies against Ind AS / IFRS standards

02

Gap analysis and roadmap for financial statement restatement and disclosures

03

Transaction accounting for M&A, restructuring, and capital market events

04

Independent review of financial statements for accuracy, completeness, and regulatory compliance

05

Management reporting design aligned with board and investor information needs

06

Post-implementation support and ongoing technical accounting advisory

SCOPE OF SERVICES

IPO Readiness & DRHP Financial Support
Ind AS / IFRS Conversion & Restatement
Financial Statements Preparation (Standalone & Consolidated)
Technical Accounting Advisory (Ind AS 116, 115, 109)
Revenue Recognition Review (Ind AS 115)
Lease Accounting (Ind AS 116)
Business Combination Accounting (Ind AS 103)
Financial Instruments Advisory (Ind AS 109)
Impairment Testing & Goodwill Allocation
Accounting Policy Documentation & Manuals
Disclosure Checklists & Regulatory Reporting
Restatement of Financials for Regulatory Filings

SERVICE DEEP-DIVE

01

IPO Readiness

End-to-end support for companies preparing for public listing — from restating financials under Ind AS, preparing DRHP-compliant financial statements, to coordinating with bankers, lawyers, and SEBI-registered auditors.

3-year Ind AS restated financials
DRHP financial section preparation
Working capital report support
Auditor coordination & comfort letters
Pro-forma financial statements
02

Ind AS / IFRS Conversion

Comprehensive transition management from Indian GAAP or local GAAP to Ind AS or IFRS, including opening balance sheet adjustments, disclosure notes, and policy documentation.

Phase-wise transition roadmap
Opening balance sheet (Ind AS 101)
Policy gap identification & alignment
Impact on retained earnings and equity
Comparative period restatement
03

Financial Statements Preparation

Preparation and review of standalone and consolidated financial statements in full compliance with Schedule III of the Companies Act and applicable Ind AS / IFRS standards.

Balance sheet, P&L, Cash flow, SOCIE
Notes to accounts & disclosures
Consolidated FS with subsidiaries & JVs
Segment reporting
Related party disclosures
04

Technical Accounting Advisory

Expert guidance on complex and judgement-intensive accounting matters including recognition, measurement, and disclosure under Ind AS 109, 115, 116, and 103.

Revenue contract analysis (Ind AS 115)
Lease classification & modification (Ind AS 116)
ECL modelling (Ind AS 109)
Business combination & PPA (Ind AS 103)
Goodwill impairment testing

COMPLIANCE FRAMEWORK

Ind AS (Indian Accounting Standards)
IFRS (International Financial Reporting Standards)
SEBI ICDR Regulations
Companies Act, 2013 – Schedule III
ICAI Guidance Notes
RBI Regulatory Reporting

Need Financial Accounting & Advisory?

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