PtPC | Services:

By limiting our services to a few well defined areas, we are able to provide you with the expertise you are looking for without fear of conflicts of interest or independence concerns.  Our services compliment one another and include:

PtPC | GAAP Advisory and SEC Consulting Services

Up until a few years ago, SEC registrants looked to their auditors for answers to complex accounting issues.  Whenever a client had question or concern about an accounting issue, whether the issued related to an existing transaction or a contemplated transaction, the company’s auditing firm was the logical advisor.  They could work closely with their clients and assist in structuring transactions to accomplish the client’s objectives.  Auditors relished this role and even touted themselves as “business advisors” or “business partners.”  While many viewed the audit as a commodity, indistinguishable from an audit performed by a competitor, the special consulting and advisory services was a mark of distinction. They used these client service opportunities to distinguish their services from their competitors making them a valued member of the team.  SEC registrants also relied upon their auditors to assist in drafting footnotes, management’s discussion and analysis and many other filing requirements when the registrant’s staff was overburdened or simply lacked the expertise.

Changes in auditor independence rules and the Sarbanes-Oxley Act have forever changed the auditor-client relationship.  Auditors can no longer provide GAAP advice or offer direction on how a new or unique transaction should be handled.  Many auditors are refusing to provide advice or direction on how specialized transactions should be recorded and some even result in internal control weaknesses if the client does not have the specialized expertise to decipher complex GAAP applications.

Pt Platinum Consulting fills the void left by the auditors due to changes in the auditor-client relationship.  If you need help in deciphering a complex transaction and determining the most appropriate accounting treatment or staffing assistance in meeting SEC reporting guidelines we can work side-by-side to guide your through the maze. We have extensive experience in SEC reporting and GAAP reporting issues and will work diligently to decipher the most appropriate accounting treatment for your situation.  Our experts have literally “written the book” on how to comply with many accounting standards and lecture throughout the country on current GAAP requirements and SEC reporting.

Looking to go public? Unsure of the IPO process?  Did you know there were over 200 financial reporting and SEC requirements that are in addition to the financial reporting requirements of a non-public company?  Our experienced team has assisted numerous IPO candidates in writing MD&As, responding to SEC comment letters and drafting registration statements and SEC compliant financial statements.

Our GAAP Advisory and SEC consulting services include:

  • On call experts to research and answer GAAP, SEC or financial reporting questions on a retainer basis or an as needed basis;
  • Preparation of position papers on application of GAAP requirements
  • Pre- filing reviews of 10-Ks and 10-Qs for potential filing deficiencies or areas of potential SEC comments
  • Preparation or review of MD&As
  • IPO assistance
  • Assistance in responding to SEC comment letters
  • Litigation/Arbitration support services

For more information on how we can help your company meet its objectives please contact us!  

PtPC | Transaction support services
From due diligence acquisition reviews to disposition of assets, our consultants have assisted in transactions of all shapes and sizes.
For more information on how we can help your company meet its objectives please contact us!  

PtPC | Flextalent™ Project services
[details to come]
For more information on how we can help your company meet its objectives please contact us!  

PtPC | Oil and Gas services

Many of our consultants were raised in the oil patch and spent considerable time learning the specialized accounting and financial reporting requirements of exploration and production companies.  Some of our specialized expertise includes:

  • Derivatives accounting
  • Full cost and successful efforts expertise
  • DD&A and ceiling test limitations
  • Impairment calculations
  • ARO determinations
  • Supplemental exploration and production disclosure requirements
  • JIB and JI accounting

For more information on how we can help your company meet its objectives please contact us!  

PtPC | Flextalent ™ CFO/Controller Services

Through our Flextalent ™ CFO/Controller services team we offer our clients world class CFO or controller level talent on an as needed or flexible basis.  Whether your company is in need of a dedicated controller or CFO, but not on a full time basis or if you need a temporary staffing solution, our PtPC Flextalent ™ CFO/controller services may be the perfect fit.  Smaller companies or start-up companies may not have the need for a CFO or controller on a full-time basis, but may still require the talents of a world class CFO or controller.  We can provide your company the talent to move to the next level on a one or two day a week basis with the flexibility to adjust to the demands of the work requirements.  Other companies may need CFO or controller level talent on a temporary, but full-time basis to fill in for temporary leave or an unexpected departure of a key executive.   PtPC Flextalent ™ CFO/controller services has the solution.

For more information on how we can help your company meet its objectives please contact us!  

PtPC | Flextalent ™ staffing solutions

Much like Flextalent ™ CFO/controller services, Flextalent ™ staffing solutions offers temporary accounting and financial talent on a flexible basis. 
For more information on how we can help your company meet its objectives please contact us!  

PtPC | Outsourcing
            [details to come]

Pt Platinum Consulting is not a CPA firm
Michael J. Ussery
566 Silicon Dr. Suite 103
Southlake, TX 76092
Phone: (817) 416-6846
Fax: (817) 416-6842
Michael.Ussery@ptplatinum.net