Technical accounting advisory for legal reorganization schemes
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Case Study
Technical accounting advisory services in relation to legal reorganization schemes
Multiple companies across sectors, including real estate, online gaming, and auto companies.
Challenges faced by the client
- Many companies and groups carry out business restructuring to optimize the group structure. Many of these restructuring schemes need to go through the court approval process in India. Such reorganization schemes are required to be reviewed from all angles to ensure that there are no last-moment surprises. The accounting for these reorganizations is often complex.
- The clients and their legal teams required a quick turnaround on the accounting issues relating to such restructurings.
Our team's role
- The primary objective of these assignments was to identify the appropriate accounting and disclosure requirements under the relevant accounting framework.
- The scope of work thus included a comprehensive study of the proposed scheme, an analysis of the accounting standards, and review of the recent accounting guidance
The value our team added
- Our team highlighted the accounting implications of the business restructuring under the relevant standards. The technical accounting note also helped the client present their views to their independent auditors, streamlining the audit process.
