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newguidance

Adoption/Implementation of New Guidance

Adoption/Implementation of New Guidance

Familiarity often breeds complacency with accounting standards. When guidance changes, firms must be forward-looking and flexible or risk the regulator’s ire.

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Embark provides the insights, skills, and tools

needed to keep pace with rapidly evolving standards. Our expertise streamlines the adoption and implementation of new technical guidance, allowing enterprises to focus on growth and innovation.

New guidance exposes gaps in knowledge and skill, leaving enterprises scrambling for solutions as deadlines approach and resources shrink

Successfully integrating new accounting standards begins with knowledge and understanding. Firms face distinct risks when technical guidance changes and they lack the expertise and resources to react accordingly:

  • Inexperience causes errors and delays
  • Resources and staff can’t stretch to absorb the new responsibilities
  • Increased stress/workload creates turnover, damages culture
  • Reporting and audit delays impact debt covenants
  • Late SEC filings

How Embark Can Help With New Guidance

New lease standards, rev rec, or any other potential pain points become non-issues with Embark’s extensive experience and technical expertise. Leverage our specialized talent and thorough understanding of new accounting guidance:

Increased adoption speed, efficiency
Implementation of new guidance
Review/improve processes and controls
Technical accounting memos
Comment letter responses

Benefit from Embark’s countless guidance implementations, expediting and streamlining the process so you can concentrate on typical operations. Embark enables a painless, smooth adoption of new standards without diluting your time, team, and resources.

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what our clients have to say
Short answer is your consultant was AMAZING! She was able to come in and knock the work out so quickly. She is crazy smart and was just a pleasure to work with. I am very happy with the work that Embark has provided us. You guys are doing something right over there.
Mark Autry, VP of Accounting
Embark sends the best people, so much so that it makes us think that these people grow on trees. We know they don't and we are grateful for all Embark does for our Team.
Brandon Walls, CPA - Vice President, Controller
I consider Embark a trusted business partner and a firm that is focused on my company’s best interests, not their own.
Mike Stowers, CPA - VP of Internal Audit
Embark is truly amazing. Seriously the best third party consulting group I have ever worked with.
Trish McBratney, CPA - CAO
Thank you very much for your significant efforts to help us through our challenging audit. We greatly appreciate the team’s positive attitudes and willingness to roll up your sleeves and assist regardless of how difficult the work was. We also enjoyed getting to know each of you personally.
Laurie Hodgson​ - Controller