:: CONVERGENT :: Consulting Group

Accounting Compliance & Internal Controls

Accounting Policy Development and Implementation

We have experience constructing accounting policies around the most complex accounting principles (GAAP).
Our practice of working closely with accounting operation teams has led to successful policy implementations.
We have experience with the following accounting standards:

FAS 91, Non-refundable Fees and Costs of Originating or Acquiring Loans
EITF 99-20, Recognition of Interest Income and Impairments on Securitized Financial Assets
FAS 65, Certain Mortgage Banking Activities
FAS 5, Contingencies
FAS 114, Loan Impairments
FAS 133, Derivatives and Hedging Activities
FAS 140, Transfers and Servicing of Financial Assets and Extinguishments of Liabilities
FIN 45, Guarantor’s Accounting
SOP 03-3, Loans or Debt Securities Acquired in a Transfer
FAS 157, Fair Value Measurements
FAS 159, Fair Value Option for Financial Assets and Financial Liabilities

Sarbanes Oxley Compliance

Whether your company is new to SOX compliance or is a veteran of the annual review process our Sarbanes-Oxley compliance specialists appreciate the need to understand your operations to efficiently achieve compliance.
Our experience not only comes from documenting controls but we have extensive experience creating robust and repeatable infrastructure so that your accounting and operational processes are insulated from undue risk.