Complex Financial Reporting
Financial reporting quality and accuracy is under the spotlight more than ever, with increased focus from the FRC, investors, the public and other stakeholders. As a result, there have been significant recent changes to the regulatory and reporting environment, along with an ongoing debate on audit reform.
This puts more pressure on finance teams than ever before, all whilst having to maintain a breadth of skills and areas of expertise. Many finance functions struggle to justify investing in this expertise as a full-time resource and to keep staff trained in all the latest developments.
Our aim is to reduce this pressure by using our experience and infrastructure to address the issues that you and your team face. We use our proven approach to collaborate with your team and offer an efficient and cost-effective financial reporting service.
How we can support you
- Impairment review
- Acquisition accounting
- GAAP conversion
- Intangibles capitalisation
- IFRS 15, 16 & 9 review
- Complex provisions
- Audit/board papers
- Other complex reporting
Examples of our work
IFRS 15 assessment and implementation - For a multinational group. This involved a detailed assessment of key revenue streams globally, performing enquiries with financial and commercial teams and holding workshops to train teams on changes to provide management with the information available to assess the change. Following this, an implementation plan was implemented with ongoing training for groups involved, and support was provided throughout the audit process.
Acquisition accounting - Technical accounting support was provided to an acquisitive multinational group for numerous acquisitions they had made in a financial period. This involved supporting the identification of goodwill and separately identifiable intangible assets and supporting group accounting policy integration for the new subsidiaries and the relevant consolidation entries required for the group accounts.
