Compliance Review for SPAC Merger in the US

An established fintech company based in Australia is anticipating a merger with a SPAC (special purpose acquisition company) in the US to avoid the hassle of running an initial public offering (IPO). The company is not familiar with the US accounting standard and needed help in performing a review and conversion of to US GAAP. Our consultant also performed a compliance risk review and also a Sarbanes-Oxley (SOX) audit of the internal controls and procedures for the company. As the company also has cryptocurrency in their balance sheet, our consultant advised the company in the accounting treatment of their cryptocurrency in consideration of the SPAC merger.