Automated financial statement preparation
Send us your trial balance and a few other key details and we’ll automate the production of your annual financial statements in accordance with the latest IFRS (International Financial Reporting Standards) or GAAP (Generally Accepting Accounting Practice) requirements. Automated Financial statement preparation is what we do best. Our automated system and processes ensure a streamlined and efficient customer experience.
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Staying up to date
Staying up to date with the latest IFRS and GAAP technical standards is not easy. The need for a service that can produce reports ready for external reporting complete with all required disclosures is undoubtedly on the rise. The standard setters continuously update disclosure requirements and auditors expect you to stay on top of this. Auditors are unable to independently provide annual financial statements due to the independence rules and regulations. We have access to the best technical accounting departments who ensure our software stays up to date with the latest disclosure requirements. Allow us to do the heavy lifting for you.
Annual updates – illustrative financial statements
We avail ourselves of and can provide clients with Big 4 compliance, presentation and disclosure checklists for IFRS which are updated annually as well as illustrative IFRS financial statements. These are industry specific (including private equity funds, investment funds and investment property funds) ensuring a more relevant client experience.
Automated financial statement preparation
Using our service which avails itself of state of the art technology, you’ll notice that auditor review comments and redrafts of the annual financial statements are kept to a minimum, helping to keep audit costs down and providing for an easier relationship between the client and its auditors. This leads to an optimal solution saving clients time and money.
Contact us here at Fund Financials now to learn more.