• Phone: (+1) 732-476-8289
  • Email: Mamta@ascensurellc.com
  • 330 Bailey Road, Bryn Mawr, PA 19010.
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Audit Support and
Compliance

Periodic Financial Reporting and SEC filings
1

Coordination with global business unit leaders

  • Ensure consistent accounting policies across the entire organization.
  • Providing regular guidance on accounting issues and IFRS/local GAAP conversions.
  • Strengthening controls and compliance procedures.
  • Preparing unified reporting packages to be used by local business unit leaders for gathering data requirements and ensuring consistency in the financial reporting.
2

Consolidate the financial statements of local and foreign business units

3

Managing transfer pricing and eliminating inter-company transactions

4

Coordinating with various departments such as legal and tax advisors for accurate reporting.

5

Compliance with debt covenants and other regulatory requirements

6

Support for XBRL reporting requirements

7

Serve as a financial reporting point of contact and quality control reviewer for audit committees

8

Draft 10k, 10Q including coordinating for MD&A write up

9

Preparation of “Pay vs. Performance” statements, proxy statements, and other related disclosures

10

Manage all SEC filings including 10-K, 10-Q, 8-K, 20F, Form 4s, S-1, S-3 etc

11

Correspondence with SEC including drafting SEC comment letters

Audit Support and Readiness

Preparing for an Audit
  • Ensure your team can manage the audit alongside regular duties.
  • Document accounting policies and prepare technical memos for complex accounting transactions.
  • Maintain transparent communication with your auditor about the timeline, concerns, and requests.
  • Gather and prepare documentation to support audit requests for financial statements, and design and implementation of internal controls.
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What You Can Expect from Us
  • Assist with new and existing authoritative pronouncements.
  • Collaborate with auditors on documentation requirements.
  • Address complex technical accounting issues with external auditors.
  • Compile whitepapers and detailed memos on technical topics.
  • Prepare financial statements and schedules in an audit-ready format.
  • Act as a liaison between management and auditors for a smooth audit process.
  • Coordinate and manage your PBC (Provided by Client) list response to auditors.
  • Complete SEC/US GAAP disclosure checklists required by auditors.
  • Prepare and maintain your trial balance bridge for the audit.

IPO & Capital Market Readiness

1 Planning for Your Transaction
• Audit Support: Transition to PCAOB-Compliant Audit documentation.
• Accounting Standards Conversion: Convert financial reporting standards (Local to U.S. GAAP, U.S. GAAP to IFRS).
• Technical Accounting Memorandums: Prepare memorandums, including robust financial statement disclosures.
2 Filing Your Registration Statement
• Drafting the Registration Statement: Assist with MD&A, pro-forma, and selected financial data.
• Regulation S-X Compliance: Prepare compliant financial statements and footnotes.
• Stock Exchange Listing: Assist with listing requirements and trading applications.
3 Closing on Your Transaction
• Investor Presentation Decks: Compile accurate and effective deck.
• Corporate Structure and Governance: Provide advisory services.
• SEC Comment Letters: Draft responses.
• Transaction Cost Analysis: Analyze costs incurred in connection with the IPO.
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Transaction Advisory

Call For Free Consultation

Stock Based Compensation Records & Valuation

• Maintain records of options/RSUs issued.
• Coordinate with the stock transfer agency for regular vesting intervals.
• Prepare quarterly and yearly valuations for stock options/RSUs.
• Prepare technical accounting memos.
• Ensure compliance with financial reporting standards.

Technical Accounting Memo

• Drafting technical accounting memos covering varied topics such as Revenue recognition, Stock based Compensation, Going Concern, Discontinued operations, Lease accounting, Impairment of assets and Business combinations.
• Approach combines technical knowledge with practical insights, ensuring compliance with regulatory standards.

Lease records and accounting

• Maintain records of operating and finance leases entered by the Company.
• Prepare quarterly and yearly accounting journal entries.
• Prepare technical accounting memos supporting classifications.
• Ensure compliance with financial reporting standards.

Valuation Projects

• Data Collection
• Model Selection
• Assumption Setting
• Calculation
• Review and Validation
• Reporting
• Disclosures

Risk Advisory

Internal Audit Compliance
Our skilled internal audit team offers two models:
  1. Outsourced Model: Independent, high-impact audits leveraging extensive experience and industry knowledge.
  2. Co-Sourced Model: Collaborative audits integrating our expertise with your processes.
SOX Compliance
We tailor our SOX services to your needs, offering full implementation or specific assistance. Our team optimizes SOX frameworks, develops robust ICFR programs, and conducts design and effectiveness testing. We perform comprehensive risk assessments and guide deficiency evaluation and remediation, ensuring effective controls and continuous monitoring.
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CFO Advisory Services

Interim CFO Services

Address sudden vacancies with contract CFO services.

Mergers and Acquisitions Support

Provide temporary financial leadership for negotiation, integration, or disposition.

Leadership Development

Enhance management capabilities through mentoring and leadership training.

Specialized Financial Expertise

Supply CFO expertise for complex financial operations on a temporary basis.
View our team
Get in touch

    At Ascensure, we understand the key challenges that businesses face when preparing financial statements and SEC filings. Resource constraints, ever evolving SEC reporting requirements, complex accounting standards and technical accounting memos are few nuances where expertise is required.

    Read More

    Our Services

    © 2024 Ascensurellc. All Rights Reserved.
    Co-Founder, Managing Director
    MAMTA PARMAR
    • Highly analytical and proactive with impressive track record of successfully performing complex financial reporting and consolidations, and timeliness of SEC filings.
    • Mamta is a motivational team leader having experience in team building, extensive technical knowledge to deal with the accounting and auditing issues and implementing risk management policies and procedures.
    • Mamta Parmar is a Co-founder and Managing Director at Ascensure LLC, bringing over a decade of expertise in managing and executing financial reporting for publicly listed and private companies. Mamta is a Chartered Accountant from India and licensed CPA in Pennsylvania. She has more than 20 years of accounting and managerial experience and specializes in the implementation of financial reporting, consolidation and strengthening internal controls. Her extensive experience includes SEC filings, project management, financial reporting, consolidation, forecasting and budgeting. Prior to launching Ascensure LLC, Mamta served as Vice President of Financial reporting and Finance for a publicly listed entity with global operations. Mamta was instrumental in implementing cost cutting measures and improving operational efficiencies. Mamta also worked on several ad-hoc projects such as managing cash flow, FP&A analysis, managing S1 filings and ATMs. Mamta’s experience includes working in the financial reporting team at one of the largest bank and insurance company in the United States. Mamta also has extensive big-4 experience in auditing public and private companies in manufacturing, retail, technology and financial services industries.
    Co-Founder, Director in Charge
    VIKAS PUROHIT
    • Vikas Purohit is a Co-founder and Director in Charge at Ascensure LLC, bringing over a decade of expertise in managing and executing complex assurance assignments for publicly listed companies. Prior to launching Ascensure LLC, Vikas served as an SEC Reporting Manager for a publicly listed US entity with operations spanning the Americas and Europe. In this role, he was responsible for ensuring the accuracy and timeliness of the company’s financial reports filed with the Securities and Exchange Commission (SEC). His responsibilities included formulating and executing effective reporting procedures, managing the flow of information, addressing technical accounting issues, liaising with external auditors, and serving as a trusted advisor to stakeholders.
    • With a robust background in assurance and accounting services, Vikas significantly contributed to the field through his work with one of the New York’s top 25 public accounting firms. As an Audit Manager, he adeptly led a team of 30 professionals in delivering comprehensive audit and assurance services.
    • Vikas’s expertise spans various sectors including real estate, the service industry, hospitality, and retail, ensuring compliance with US GAAP and IFRS standards. Noteworthy among his skills are his proficiency in special audits such as HUD Compliances and Employee Benefit Plans, as well as his role in training and supervising audit staff, preparing and reviewing financial statements, and evaluating internal controls.
    • In addition to his audit expertise, Vikas has provided valuable consulting services, advising clients on internal controls, budgeting, cash flow analysis, and financial planning. His role extended to Protiviti Global Network Firm, where he contributed as an associate consultant within a global network dedicated to solving complex finance, technology, and risk challenges.
    • A Chartered Accountant and a member of the Institute of Chartered Accountants of India since 2008, Vikas holds a master’s degree in accounting and a bachelor’s degree in law from India. His extensive legal knowledge enhances his capability to manage due diligence work effectively.
    Finance Professional
    Ruchi Doshi

    Ruchi Doshi is a finance professional with 8+ years of experience in audit, taxation, financial reporting, and advisory. Specializes in statutory, internal, and tax audits, financial consolidation, and SEC filings. Proficient in US GAAP, IFRS, and SEC regulations, with expertise in financial statement preparation and disclosures. Known for professionalism, adaptability, and commitment to organizational goals.

    Key Skills & Expertise:

    Financial Reporting & Compliance

    Expertise in financial statement preparation, review of disclosures, and timely SEC filings.

    Audit & Taxation:

    Extensive experience in statutory and internal audits, tax audits, and process audits.

    Regulatory Knowledge:

    Well-versed in US GAAP, IFRS, and SEC reporting rules.

    Qualification:

    Company Secretary and CA (Inter) in India, with a master’s degree in commerce (Specialization in Accounts), possessing in-depth knowledge of US GAAP, IFRS, and SEC reporting standards.

    Chartered Accountant
    Dhruvin Amlani

    Chartered Accountant with 10+ years of experience in bookkeeping, auditing, financial analysis, and ESOP management. Expertise in managing share-based compensation schemes and calculating related expenses under US GAAP and IFRS. Proficient in audit planning, financial reporting, and ERP systems like CaseWare, QuickBooks, and Oracle Financial Modules.

    Key Skills & Expertise:

    ESOP & Share-Based Compensation:

    Expertise in vesting exercises, SBC calculations, cap-table reports, and financial reporting for equity compensation.

    Audit & Financial Reporting:

    Managed audits for real estate and other industries; prepared quarterly financial reports and variance analyses.

    Client Relations & Communication:

    Skilled in collaborating with clients, auditors, and cross-functional teams to ensure compliance and resolve queries.

    Qualification:

    •Chartered Accountant (CA) with a bachelor’s degree in commerce, equipped with a strong foundation in accounting, auditing, and financial analysis.

    Chartered Accountant
    Siddharth Dudhela

    A Chartered Accountant with 12+ years of experience in auditing, financial reporting, and compliance. Specialized in real estate audits and financial statement preparation, with significant experience as an Outsource Senior Auditor for a Top 100 CPA firm in New York, managing remote engagements from India during busy tax seasons.

    Key Skills & Expertise:

    Audit and Financial Reporting:

    Specialized in real estate audits, including lease abstraction, receivables verification, and tax expense analysis. Experienced in audits, financial statements, reviews, compilations, and Tax Certiorari form preparation.

    Audit Planning and Risk Management:

    Assisted in RSM planning, risk assessments, and governance communication. Prepared trial balance analysis.

    Software Proficiency:

    Skilled in Case-ware (cloud/desktop), Sura-link, and i-Manage for audit and document management.

    Qualification:

    Chartered Accountant with 12+ years of experience and a Bachelor of Commerce in Accounting and Auditing.

    Chartered Accountant
    Krunal Shah

    Krunal Shah is a Chartered Accountant with over 19 years of experience in public accounting, including 5 years in Manhattan, New York, where he handled bookkeeping and tax assignments for a top 25 US CPA firm during busy seasons. Currently he is managing bookkeeping and tax assignments for SME CPAs across New Jersey, Florida, Texas, and California.

    Key Skills & Expertise:

    Bookkeeping:

    Specializes in bookkeeping for real estate, manufacturing, trading, retail, and hospitality industries as per US GAAP. QuickBooks Certified Pro-Advisor.

    US Tax Preparation and Reporting:

    Extensive experience in US tax preparation and reporting.

    Software Proficiency:

    Skilled in Case-ware (cloud/desktop), Quick-books Pro, Pro-Series and Ultra-Tax.

    Qualification:

    Chartered Accountant, Diploma in Information Systems Audit (DISA) from ICAI, and a member of the Institute of Chartered Accountants of India since 2004.