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	Accounting   More than 100 countries accept or are scheduled to accept the International Financial Accounting Standards Board (IFRS) as the universal language of accounting. In the U.S., the Securities and Exchange Commission is deliberating on either giving U.S. companies the option of switching from the U.S. Generally Accepted Accounting Principles (GAAP) to IFRS or to mandate the conversion as it prepares to release its road map for convergence between the two. Nair & Co. generally maintains accounting books to the parent company’s chart of accounts. In addition, in certain countries (e.g. China, Italy, Korea) where this is a regulatory requirement, we maintain a parallel set of accounting books in local GAAP.   SAS70 General Ledger Accounts Payable Key Components The AICPA’s Statement of Auditing Standards 70 (SAS70) requires companies to ensure adequate financial controls are in place for... Key Components Companies need a common language to view their exposure to foreign currency risk when they operate in numerous countries. They need a General... Key Components Companies can centralize the management of international payables. Accounting for payables forms part of the outsourced support...   Accounts Receivable Expense Processing Month-end Financials Key Components Companies should manage their international Accounts Receivables (AR) in a coordinated, centralized manner. This forms part of the... Key Components Companies centralize and automate Expense Processing to reduce costs of manual processing and fraud. A global view of... Key Components Companies may need more frequent reporting of their accounts to cope with their short-term risks. Volatility in short-term exchange rates, interest rates...   International Consolidation Internal Audit Statutory Accounts Key Components Companies need a global view of their financial position but internal transactions within the enterprise and... Key Components Companies view an Internal Audit as a tool to manage worldwide risk. Nair & Co.’s Internal Audit department does this as a... Key Components Accounting, tax, payroll and stock Option reporting regulations vary dramatically from country posing a challenge...       Email Page      Print Page           Global Offices   Nair & Co. Difference   Nair & Co. operates in 40+ countries with currently over 700 operations globally. Our offices are located in the U.K., India, China, U.S., Japan, and Singapore. For our global offices directory, please visit Global Offices area.   U.K. +44 (0) 117.929.9661     U.S. - Sales +1  408. 515.6887     U.S..- Admin +1  239. 948.9820     E-Mail    info@nair-co.com             The scale, breadth and pioneering approach of Nair & Co. provides a range of valuable benefits for our clients. We are focused exclusively on solving overseas expansion problems. We know what we do well, and how we can do it better. Here’s what makes us stand out.   One Firm, One point of Contact — We are not middlemen!   Compliance — We are the global gold standard.   Expert Risk Management — We know risk, and we know how to eliminate it.   Scalable Solutions — We will grow with you.   Local expertise — We operate where you need us most.
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