Complex accounting issues, resolved with authority.
CFGI is an established leader in delivering expert technical accounting services to corporations and their investors. The team works alongside clients to solve their most complex and critical finance and accounting issues, from revenue recognition and business combinations through restatements and SEC comment responses, at every stage of the business lifecycle.
Four pressures landing on every Finance and Accounting team right now.
Accounting complexity is accelerating. New standards, transaction volume, regulatory scrutiny, and the push toward audit readiness are all landing on the same teams at the same time. These four dynamics are showing up in nearly every technical accounting engagement we run.
New standards keep landing
ASC 606, 842, CECL, and the wave of pronouncements that followed have permanently raised the bar on documentation and disclosure. Operationalizing each one requires senior accounting judgment, not just a checklist run through a legacy team.
M&A creates accounting complexity at deal speed
Business combinations, purchase price allocations, carve-outs, and reverse mergers each generate accounting issues that have to be resolved correctly the first time. Errors surface during audit and restatements are costly.
SEC scrutiny on registration statements is real
Comment letters arrive. XBRL tagging creates new exposure. Pre-clearance conversations go sideways. Companies heading toward an IPO or public company filing need senior technical support that has lived inside the S-1 process before.
Audit independence limits what the auditor can do
The firm running the audit cannot prepare the technical memos, draft the disclosures, or work through the accounting alongside management. CFGI can, with Big Four depth and no independence restriction in the way.
A full technical accounting service menu across standards, transactions, and reporting.
CFGI covers the full range of complex accounting matters. Engagements run from a single technical memo through comprehensive audit support, IPO readiness, and ongoing public company reporting, sized to what the team actually needs.
Standards & Transactions
- Revenue recognition (ASC 606 / IFRS 15)
- Leases (ASC 842 / IFRS 16)
- Business combinations and asset acquisitions
- Debt and equity financings
- Allowances for credit losses (CECL)
- Derivatives and hedging (ASC 815)
- Consolidations (ASC 810)
- Investments in debt and equity instruments
- Stock-based compensation
Reporting & Compliance
- Audit readiness and support
- Financial statement preparation
- SEC reporting: registration statements, ESG, pre-clearance and comment letter responses
- XBRL tagging and assistance with drafting 34 Act reports (10-K, 10-Q, 8-K, 20-F, 6-K)
- Internal controls / Sarbanes 404 compliance
Conversions & Restatements
- IFRS to U.S. GAAP conversions (three-step approach)
- Restatements
- Assessing and operationalizing new accounting pronouncements
- Reverse mergers
- Spin-offs, carve-outs, and divestitures
Transaction Support
- Finance and accounting due diligence
- Structuring transactions
- Purchase accounting (ASC 805)
- Valuation of acquired intangible assets
- Pro-forma disclosures and registration statement updates
- Working capital adjustments
Technical Memos & Position Papers
- Revenue recognition analysis under ASC 606 / IFRS 15
- Debt vs. equity classification for complex financings
- Warrant and derivative accounting positions
- Business combination vs. asset acquisition assessment
- VIE and consolidation analysis under ASC 810
Audit Readiness & Support
- Financial statement preparation and close support
- Audit request management and documentation
- XBRL tagging for periodic and transactional filings
- SEC comment letter drafting and pre-clearance prep
- SOX 404 internal control design and testing
IFRS to U.S. GAAP Conversion
- Step 1: Refresh impact and completeness assessment
- Step 2: Detailed impact assessment and documentation
- Step 3: Quantification of adjustments and journal entries
- Excel completeness checklist for auditors
- U.S. GAAP bridge for primary financial statements
Purchase Accounting (ASC 805)
- Business combination vs. asset acquisition assessment
- Identification and valuation of acquired intangible assets
- Purchase price allocation workbooks and memos
- Contingent consideration / earnout accounting
- Post-close working capital adjustment and true-up support
Project-Based
A defined scope, fixed deliverable, and named timeline. A technical memo, a single restatement project, a purchase price allocation, or an IFRS-to-GAAP conversion. Senior practitioners assigned from kick-off through final review.
Best for: standalone accounting issues that need resolution before an audit, transaction, or filing.
Audit Support
CFGI integrates alongside the audit process, preparing documentation, managing requests, drafting SEC responses, and handling the technical accounting work that auditor independence prevents the external firm from doing.
Best for: companies heading into a first-time or recurring audit that need senior technical depth working alongside the internal team.
Interim & Ongoing Support
Transitional finance and technical accounting resources that scale up and down with the business. From a single VP of Technical Accounting through a full embedded team covering quarterly and annual cycles.
Best for: IPO-stage and public companies that need consistent senior coverage without committing to a permanent hire at every level.
Big Four depth. No audit restrictions. Built to move faster.
CFGI professionals provide clients with all the expertise of a Big Four national office and the attentiveness of a boutique firm. We use our knowledge of various audit firm preferences to deliver positions that hold up under scrutiny, without the independence constraints that limit what the external auditor can do alongside management.
An extension of your team, not a vendor.
- Talent and technical expertiseWith Big Four experience across every major accounting standard and transaction type, CFGI professionals support CFOs through the most complex and demanding accounting challenges they face.
- Flexible and client-orientedCFGI offers flexible and responsive staffing models that move faster than competitors. The team advocates for and becomes a trusted advisor to clients, not a one-time engagement.
- Cost-effectiveTechnical expertise combined with competitive pricing delivers unmatched value. We scale to any size, scope, and duration to fit the needs of a project.
- No audit restrictionsCFGI is free from auditor independence restrictions, allowing us to be innovative and strategic across all aspects of a project, including the work the external auditor cannot do alongside management.
- Integrated with CFGI’s broader platformTechnical Accounting connects seamlessly with CFGI’s valuation, transaction advisory, capital markets, tax, and risk teams, reducing duplication and compressing timelines.
Six situations where technical accounting complexity costs the most.
The auditor can’t do the work alongside you
Independence restrictions mean the external audit firm cannot prepare the technical memos, draft the financial statements, or work through the accounting alongside management. CFGI fills that gap with senior professionals who know exactly what the auditor is looking for.
A complex transaction closes before the accounting is resolved
Business combinations, carve-outs, reverse mergers, and SPACs each generate accounting questions that need definitive answers before the financial statements close. Deferring creates audit friction and restatement risk.
A new standard is arriving and the team isn’t ready
Operationalizing ASC 606, 842, CECL, or any major new pronouncement requires senior judgment on how it applies to the company’s specific contracts, leases, or financial instruments, not a generic implementation template.
The SEC has sent a comment letter
Comment letters on revenue recognition, non-GAAP measures, segment reporting, or MD&A require thoughtful, defensible responses drafted with full awareness of SEC staff priorities and prior correspondence. The wrong response reopens the conversation.
An IFRS-reporting company needs to convert to U.S. GAAP
Foreign private issuers entering U.S. capital markets and international acquisitions targeting U.S. buyers both require IFRS-to-GAAP conversions that are accurate, fully documented, and audit-ready within a compressed timeline.
IPO readiness puts everything on the table at once
The S-1 process triggers a simultaneous review of revenue recognition, stock-based compensation, warrants, earn-outs, and three years of financial statements for Reg. S-X compliance. Senior embedded technical accounting support is the difference between a smooth review and a multi-round SEC comment process.
Technical accounting support across the full business lifecycle.
The accounting issues that arise at a startup are different from those that define an IPO or a public company’s annual cycle. CFGI is positioned to provide the right depth at the right stage, with a team that has lived inside each phase.
Build the foundation right
Technical accounting support that creates defensible positions from day one, so the company is not unwinding mistakes when the auditor or the buyer arrives.
- Technical memos for revenue recognition, SBC, debt/equity, warrants, derivatives
- Financial statement close process and preparation
- Audit support and audit readiness
- Forecasting, budgeting, and transitional finance resources
- Valuation services (409A, derivatives, purchase price allocations)
Navigate the S-1 without rework
Senior practitioners embedded in the IPO process, covering every accounting workstream that the external auditor cannot own alongside management.
- Reg. S-X conversion of private company financial statements
- Draft financial sections of registration statement
- Draft responses to SEC comments
- Manage audit requests and comments
- Pro-forma disclosures and stock-split updates
- Due diligence and structuring support
Keep the cycle clean, every quarter
Ongoing technical accounting support that covers the full public company reporting cycle and the complex matters that arrive without warning during it.
- Technical memos for significant accounting and tax matters
- Financial statement close process and XBRL tagging
- Drafting of 34 Act reports (10-K, 10-Q, 8-K, 20-F, 6-K)
- Internal controls and Sarbanes 404 compliance
- Transitional finance resources for capacity gaps
Senior practitioners. Boutique speed. No independence friction.
Talk to CFGI’s Technical Accounting national practice leaders.
Chris Nyers
Senior Managing Partner | Technical Accounting National Practice Leader
Leads CFGI’s Technical Accounting practice nationally. Deep expertise supporting CFOs and audit committees through complex accounting standards, IPO readiness, SEC reporting, and major transaction accounting.
Josh Verni
Partner | Technical Accounting National Practice Leader
National practice leader in CFGI’s Technical Accounting group. Specializes in revenue recognition, business combinations, SEC comment letter responses, and financial statement preparation across public company and IPO engagements.
Resolve the accounting issue before it becomes one.
From a single technical memo through full IPO readiness or public company reporting support. Same senior team, sized to what the moment requires.