GAAP Compliance & Financial Statement Validator
Validate financial statements for GAAP compliance and generate audit-ready documentation
What You Can Do
You can validate quarterly and annual financial statements across multiple entities and consolidation levels against specific GAAP standards, including ASC requirements for revenue recognition, leases, and business combinations. Claude identifies missing or inadequate disclosures, flags consolidation and inter-company elimination issues, and generates compliance documentation with audit trail evidence—reducing manual review time and audit risk.
Features
Review subsidiary statements, inter-company eliminations, and consolidation packages against consolidation requirements
Identify missing or incomplete footnotes required by ASC standards and materiality thresholds
Validate ASC 606 treatment, contract terms, and performance obligation disclosures
Assess ASC 842 compliance including right-of-use assets, lease obligation classification, and disclosure completeness
Review purchase accounting, goodwill, intangible assets, and acquisition-related disclosures
Generate compliance review evidence with specific findings, citations, and remediation recommendations
Highlight items exceeding materiality thresholds or presenting audit risk
Example Output
Input: Consolidated balance sheet and footnotes from a multi-subsidiary manufacturing company with Q3 revenue and recent acquisition
Output:
- ✅ Consolidation structure validated; inter-company eliminations traced
- ⚠️ ASC 606 disclosure gap: Contract asset/liability breakdown missing from revenue footnote
- ⚠️ ASC 842 incomplete: Lease payment schedule and right-of-use asset rollforward not detailed
- ✅ Business combination: Purchase price allocation and goodwill impairment footnote complete
- ✅ Debt covenants: Compliance calculations and metric definitions adequately disclosed
- Audit Evidence Summary: 2 gaps flagged (medium risk), 3 areas compliant, remediation steps outlined
Input: Controller requesting compliance review before 10-K submission
Output: GAAP Compliance Checklist with item-by-item validation status, identified risks ranked by audit significance, and specific ASC references for each disclosure requirement
What's Included
- SKILL.md instruction file with GAAP validation framework and compliance standards reference:
- Financial Statement Compliance Checklist template (consolidation, disclosures, presentation):
- Multi-Entity Consolidation Review Worksheet (eliminations, inter-company balances, ownership tracking):
- GAAP Disclosure Gap Assessment template (ASC-mapped footnote requirements by statement line item):
- Audit Evidence Documentation template (findings, risk ranking, remediation steps):
- Revenue Recognition & Lease Accounting validation prompts (ASC 606 and 842 specific):
Who It's For
- Controllers managing multi-entity financial reporting and consolidation processes
- Senior accountants preparing statements for external or internal audit review
- Finance managers responsible for subsidiary consolidation packages and compliance documentation
- Audit partners or in-house audit teams validating statement completeness before filing
- Finance teams preparing 10-K, 10-Q, or other SEC filings requiring GAAP attestation
Best For
- Pre-audit validation of quarterly and annual consolidated financial statements
- Multi-entity and subsidiary consolidation package reviews
- GAAP disclosure completeness assessments for financial statement footnotes
- Complex accounting standard compliance (revenue recognition, leases, business combinations)
- Audit trail and compliance documentation generation for external auditor handoffs
You might also like
You can automatically detect attendance discrepancies across time-tracking data, classify exceptions by root cause (system errors, policy violations, legitimate absences), and generate audit-ready documentation. This skill establishes decision frameworks that handle routine exceptions efficiently while flagging complex cases for human review, reducing payroll processing time by 60-70% while improving accuracy and reducing compliance liability.
by eryet
This skill automates the complex work of calculating material price, quantity, and usage variances; labor rate and efficiency variances; and overhead variances across products, departments, and time periods. You input production data and standard cost tables, and Claude processes the variance calculations, organizes findings by significance, and generates detailed narratives explaining root causes of deviations. This transforms hours of spreadsheet manipulation into a structured analysis package ready for management review and variance committee meetings.
by eryet
You can rapidly cross-reference transaction patterns, revenue data, and economic activity against state-specific nexus thresholds to identify which states trigger filing obligations. The skill flags compliance gaps across physical presence, economic nexus, click-through, and affiliate nexus types, helping you determine filing requirements, quantify retroactive exposure risk, and prioritize registration in new states as clients expand.
by eryet
You can upload aging reports and AR subledger data to Claude, which analyzes bucket distributions, reconciles balances to the general ledger, flags anomalies and aging pattern irregularities, and generates documented collection strategies. Claude produces prioritized customer lists, DSO benchmarking analysis, allowance adequacy assessments, and compliance-ready audit schedules—transforming raw AR data into actionable cash flow optimization strategies.
by eryet
You can systematically validate employee payroll records, cross-check tax withholding calculations against current tax brackets, verify regulatory compliance across federal/state/local requirements, and flag anomalies that could trigger penalties—all before executing payment runs. This reduces processing time by 40-60% while catching errors that manual spreadsheet reviews typically miss, working across ADP, Workday, Gusto, and manual payroll systems.
by eryet
You systematically extract financial red flags from claim submissions, construct causal narratives linking evidence to fraud conclusions, and quantify potential loss exposure. This skill helps you distinguish between legitimate claim variations and fraud indicators, enabling you to generate investigation summaries defensible in litigation, settlement negotiations, or Special Investigation Unit (SIU) presentations.
by eryet
This skill helps you audit nexus comprehensively by analyzing physical presence rules, economic thresholds, affiliate connections, and marketplace facilitator statutes across all 50 states and relevant localities. You'll document nexus triggers specific to your client's business model—whether they're selling through marketplaces, using drop-shipping, hiring remote employees, or expanding operations. The result is an actionable filing calendar and remediation strategy that minimizes compliance gaps and protects against substantial back-tax assessments, penalties, and interest.
by eryet
You can systematically evaluate payment timing decisions across your vendor base by modeling discount capture opportunities against working capital requirements. The skill analyzes vendor payment terms, your cash flow constraints, and strategic vendor priorities to generate prioritized payment schedules that maximize savings while maintaining adequate liquidity and protecting critical supplier relationships.
by eryet