Technical Accounting and Financial Reporting
An explosion of new ways to process data created a demand for technical accounting managers, who specialize in developing and correcting problems with financial and accounting software used by firms around the globe.OMI provides you with experienced and qualified trusted advisors for accounting, financial reporting and valuation support in the US. With deep technical knowledge in US GAAP, IFRS and SEC reporting, we are knowledgeable and experienced with the regulatory and reporting requirements of the SEC and global exchanges.
Business Risk & Compliance Services
We help clients assess and manage their Risk Management functions better. We provide value added services based on our industry experience, knowledge and domain expertise acquired from decades of experience in Risk Management. Our consultants have repeatedly proven themselves at our clients and helped organizations mitigate and manage difficult business risks and complex compliance issues better by setting up effective controls and procedures.
Planning, Budgeting & Forecasting
This is a three-step process for determining and detailing a company’s long- and short-term financial goals.
- Planning – outlines the company’s financial direction and expectations for the next three to five years.
- Budgeting – documents how the overall plan will be executed month to month, specifying expenditures.
- Forecasting – uses accumulated historical data to predict financial outcomes for future months or years.
We help manage or support the steps in the existing client process. Our professionals have the experience to execute per the clients requirements.
Income Tax Accounting
Accounting for income taxes is a popular topic in the U.S. Since decades, the overall accounting model for income taxes has continued to create challenges for corporations, tax preparers, users, and auditors. The OMI team can help drive or manage the process in this discipline.
Financial Analysis
This is the process of evaluating businesses, projects, budgets and other finance-related entities to determine their performance and suitability. Typically, financial analysis is used to analyze whether an entity is stable, solvent, liquid or profitable enough to warrant a monetary investment. We are experts with financial analysis of businesses, projects and budgets.
Internal Audit
Our ability to deliver superior quality services is based on our team’s thorough understanding of the client’s business processes, accounting policies, internal controls and financial reporting issues specific to each of our clients and their respective industries. Our approach to providing audit services is always risk-based, industry specific and customized to our client’s specific operations.
Sarbanes Oxley Compliance
The OMI team can help clients with their Sarbanes Oxley Finance & IT compliance needs as well as guide company audit departments in establishing appropriate corporate governance procedures. We work with clients making them understand Sarbanes Oxley Section 404 which pertains to “Management Assessment of Internal Controls”
We help clients in understanding the importance of IT in business process design in compliance with the COSO/COBIT framework.