Experience Definitions - Financial Advisory
Financial advising is concerned with the efficient use of assets including funds within the enterprise and raising of funds. This is a service which considers all the client's financial affairs and which develops a plan to achieve a client's financial objectives. It can include internal audit but also include investments such as life insurance, pensions, mutual funds/unit trusts. A CPA candidate's experience in financial advisory services may include participation in preparing and/or advising on:
- Internal audits including government internal auditors and internal audits in a company that is not related to financial statement preparation.
- An entity's compliance with requirements of specified laws, regulations, rules;
- Contracts, or grants; including final contract cost and reasonableness of proposed contract costs.
- Compliance with regulations relating to governmental financial assistance;
- Processing of transactions by service organizations;
- Prospective financial statements or pro forma financial information;
- Reliability of performance measures;
- Treasury management services including design, development and implementation of policies and procedures;
- Credit management services including design, development and implementation of credit policies and procedures;
- Design and structuring of financial instruments;
- Assisting investment banking firms with the design of financial instruments and financing transactions;
- Assistance with finding/identifying equity parties or financing parties;
- Identification and selection of banks;
- Assistance with or preparation of financing and loan applications;
- Loan review services;
- Financial markets and banking regulatory advisory service;
- Due diligence reviews;
- Lead advisor for private placements;
- Preparation of offering memorandums;
- Merger/acquisition candidate targeting;
- Merger transaction advice on:
- Structuring of transactions;
- Tax implementations;
- Sourcing capital;
- Preparation of pro forma financial statements and projections;
- Reengineering acquired businesses;
- Cost reduction and synergistic studies;
- Appraisal and valuation of targets assets, including receivables, inventories, property, plant and equipment, intangible assets and in-process research and development;
- In some foreign jurisdictions, the firms act as stock transfer agents; and
- "Turnaround" business advisors.
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