• Phone: (+1) 732-476-8289
  • Email: Mamta@ascensurellc.com
  • 330 Bailey Road, Bryn Mawr, PA 19010.
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WE CAN HELP YOU IN

Technical Accounting

Our accountants expertly navigate U.S. GAAP, IFRS, and local GAAP, ensuring stakeholders are informed on policy impacts through detailed position papers.

IFRS to U.S. GAAP Analysis
Current Expected Credit Losses
Revenue Recognition Analysis
Impairment Analysis
Consolidation and Variable Interest Entities
Restructuring analysis
Business Combination Analysis
Adoption of New Accounting Standards
Financial Instruments and Derivatives
Segment Reporting Analysis
Discontinued Operations Analysis
Debt Extinguishment and Modifications
SAB 99 Analysis
ASCENSURE LLC

Audit & Review Process

Planning phase

  • Audit strategy
  • Significant accounts risk assessment
  • Materiality
  • Preliminary analytical procedures
  • Entity environment and internal control

Fieldwork phase

  • Sampling data analysis
  • Workpaper preparation & review
  • Completion of audit file documentation.
  • Evaluation of accounting policies estimates and judgements

Finalization phase

  • Preparation of FS as per US GAAP / IFRS / tax basis.
  • Communication of significant deficiency and material weakness.
  • Engagement completion procedures.
  • Subsequent events
WE PROVIDE A

Complex Assurance Solutions

1

Restructuring

Managing accounting complexities during restructuring.
2

Assets Held for Sale and Discontinued Operations

Presenting assets held for sale and discontinued operations.
3

Re-Organization Accounting

Handling accounting requirements during reorganization.
4

EBP Plans Audit Service

Providing support in carrying out audit of various plans.
5

Pro-Forma Financial Statements

Preparing proforma financial statements for various scenarios.
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.

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    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.