Engagement summary
Client Background
Flutterwave is a leading African payments-infrastructure provider, processing billions of dollars in cross-border transactions annually across multiple currencies and jurisdictions.
Engagement Scope
R&M was engaged for ASC 830 foreign-currency matters including establishing functional currency for foreign subsidiaries, preparing remeasurement and translation adjustments, and analyzing changes in functional currency.
Services Provided
- ASC 830 functional currency determination
- Remeasurement and translation adjustments
- Changes-in-functional-currency analysis
- Audit readiness and technical accounting support