Practice

WHY SMK CONSULTANCY & ADVISORY?

The expert Consult and Advisory team of SMK utilize its vast knowledge of industry issues, regulations, and market dynamics to provide tailor made and client specific guidance , both large and small scale. We provide specified services and solutions that are relevant, adaptable, and sustainable.

Risk – inevitable, but not unmanageable

Every day, publicly accountable entities are faced with uncertainties that must be managed carefully, proactively, and with proper guidance, especially as they relate to compliance and regulations.

SMK’s Risk Advisory team services publicly accountable entities by providing innovative, cost-effective, and value-added solutions that make a difference, while taking into account the specific industry and size of the organization. Our partners are involved in every aspect of the engagement which helps to ensure increased productivity, efficiency, and faster decision-making on the issues that matter most.

In each of our engagements, we are responsive, attentive, and tailor solutions specifically to clients’ individual needs. We also utilize the vast resources of our network in over 150 countries and serve as a resource to our clients. Our services include:

  • Internal Audit
  • Governance, Risk and Compliance
  • Enterprise Risk Management
  • Independent Project Review services
  • Technology, Risk and Security

SMK also works closely with service organizations to develop Third Party Assurance solutions that fit with their unique resources and needs.

Knowledgeable resources at every stage of the transaction

Mergers and acquisitions span continents, time zones, and languages. Evolving regulations, changes in market conditions, complicated accounting principles, and increased scrutiny only add to the complexity.

SMK’s Transaction Advisory professionals have the knowledge, network, and experience to help mid-market companies navigate these issues and other factors affecting their business. Through a holistic approach that never loses sight of the big picture, we provide many different services for our clients, including financial, tax, IT and reputational due diligence, as well as guidance on M&A, raising capital, and valuations.

Additionally, we provide guidance in special situations, such as a financial restructuring or in circumstances when interim management is required. But no matter the situation, we always bring dedicated service to our clients and tailor our strategies accordingly.

At SMK, we are available wherever you do business and offer two of our most valuable assets: our global network and deep industry experience. Our international experience is invaluable for businesses and owners with transaction-related needs, and uniquely positions us to serve our clients with the professionals most qualified to meet their needs.

Comprehensive thinking for your financial goals

As entrepreneurs and professionals start their careers, prepare for their family’s future, or sell a business, they want to ensure that their money is working for them to meet their professional and personal financial goals.

SMK’s Wealth Advisory Practice is integrated with other related services to build an extensive understanding of individual client situations. This approach enables our team to develop a thorough and comprehensive financial plan that aligns to our clients’ unique investment, retirement and estate planning goals. Our wealth management team coordinates your financial plan with:

  • Investment management firms
  • Insurance professionals
  • External legal teams

In addition, clients have access to SMK’s full breadth of Advisory Services to supplement additional needs discovered from the financial plan.

Our Wealth Advisory team brings significant experience and is up to date with the issues that matter most for clients. Our professionals provide seamless, integrated wealth management solutions to our clients by delivering objective assessments that enable clients to make sound financial decisions, while optimizing returns and reducing risks.

More than accounting standards support

Significant events can bog down finance departments, such as accounting for complex transactions and developing memos for accounting positions, amongst other challenges. Our professionals help clients with a wide range of accounting support needs, including financial reporting support, and regulatory and governance support. Our professionals provide clients with the following services and deliverables:

Accounting support

  • Transaction accounting support and advisory including accounting implications of business combinations, reorganizations, dispositions and purchase price allocations. 
  • Transaction related journal entries and other post transaction disclosures
  • Consultation on the impact of complex accounting issues and adopting accounting standards
  • Analysis and application of accounting policies
  • Development of forecast and projection templates
  • Cost and financial analysis
  • Outsourcing services
    • CFO services
    • Bookkeeping
    • Financial statement preparation
  • Cash flow preparation
  • Finance function support and secondments

Financial reporting support

  • Consultation and white papers for complex presentation and disclosure
  • Year-end and month-end financial statement close processes
  • “Look see” review of financial statement for potential issues
  • Consultations on the financial reporting impact of exit strategies
  • Preparation and assembly of auditor working paper package

Regulatory and governance support

  • Support related to all continuous disclosure filings
  • Support related to all prospectus and other offering documents including working with underwriters
  • Support for responding to regulatory comment letters
  • Audit committee and Board support of the audit and governance functions
  • Consultation on regulatory matters related to disclosure controls and internal controls over financial reporting
  • Review of CEO/CFO certification process and checklists

BUDGETING AND CASH FLOW MANAGEMENT

We understand that businesses are dynamic and experience a range of circumstances throughout an ordinary business cycle. The difference between success and failure for most businesses is how well they budget and manage their cash flow. However, most owners are unable to dedicate the time needed to create the thorough budgeting, forecasting and cash flow management that is necessary to help them plan for the short, medium and long-term goals.

Accounting services from Positive Accounting can take care of that and present you with easy to comprehend facts and figures to best understand what decisions you need to make.

We can help with:

  • Analysis of Cash Flow Management
  • Assessment of Accounting System Controls
  • Customized Financial Reporting
  • Implementation of Accounting and Cash Flow Systems

With assistance from Positive Accounting, you can look beyond the day-to-day operations of your company to see the big picture. Contact us now for Budgeting, Forecasting and Cash Flow Management solutions to help your business grow.

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