For many companies, the responsibility of complying with financial reporting is becoming increasingly complex, whether this includes reporting to the group in a particular format, or understanding the statutory reporting requirements to ensure you are compliant with local regulations.
Our dedicated financial reporting specialists have the knowledge and experience to support a diverse range of clients and their needs.
We will work closely with your in-house finance function to understand your specific requirements – including your regulatory, stakeholder and business needs. We will provide a high-quality solution that meets your timeline and allocate you a senior point of contact who you can rely on to support you.
Group consolidation and reporting
As you expand overseas, accurate financial information is key to measuring performance. There may also be increased demands from the group to report in a particular format and within tight deadlines. We provide consolidated reports for group companies, ensuring all consolidation adjustments are carried out correctly and that the reports are presented in the formats required. We can also undertake GAAP conversions where you are required to report in under another local GAAP.
Global outsourcing and coordination
PKF’s global offices reach over 150 countries which means we can provide the worldwide accounting support that you need. Working with our international offices, our team will simplify the management of cross-border accounting and coordinate your finance function, wherever you operate. Depending on your needs, we can provide a central team and act as the primary point of contact for your international accounting operations. We will provide you with regular updates of impending deadlines for all international entities, ensuring that you are compliant with all local regulations. Our team works with established multinational groups with worldwide operations and privately owned businesses venturing overseas for the first time. No matter how complex your needs, we will tailor the solution to fit your needs.
Statutory financial accounting
We ensure your financial statements are compliant with the most recent accounting standards, whether this be for IFRS or UK GAAP. We provide consolidated financial statements for group companies, ensuring that the statutory financial statements are compliant and presented accurately. We also support in-house teams when their resources are stretched or they need access to specific technical know-how. We can help with disclosures and notes as you transition to new accounting standards or provide a fresh perspective on complex reporting issues. Not only do we prepare financial statements for limited companies, LLPs, sole traders and partnerships, but we also support trusts and other structures.
Audit assistance
We prepare financial statements for your auditors together with a comprehensive ‘audit pack’. We will discuss any queries they may have on the financial statements, working efficiently with both them and you to resolve queries in good time to meet your financial reporting deadlines.
