Financial Reporting
Reporting that connects the business view to the underlying records.
Management, cash-flow and board reporting built around your finance records and reporting needs. Define the outputs, responsibilities and delivery calendar, with supporting schedules that make the reported figures easier to understand and review.
Reports lose value when their basis is unclear.
Figures assembled from different sources can be difficult to reconcile or compare. When the reporting basis and open items are not documented, management spends time explaining inconsistencies instead of discussing the business.
A consistent reporting process with a clear basis.
Agreed reports draw on the accounting records and relevant supporting schedules. Open items and material judgements are made visible so that management can understand what the figures represent and where further decisions are needed.
Outputs matched to the audience.
Depending on the agreed scope:
- Management reporting.
- Cash-flow reporting.
- Board reporting packs.
- Supporting schedules connecting report figures to accounting records.
- A record of relevant reporting exceptions and client decisions.
- An agreed reporting calendar and allocation of responsibilities.
Define the report before building the cycle.
Confirm the reporting needs.
Agree the audience, source records, outputs and responsibilities.
Prepare the supporting records.
Apply the accounting, reconciliation and closing work included in scope.
Assemble and review.
Prepare the reporting pack and apply the agreed review procedures.
Deliver with context.
Provide the agreed outputs alongside relevant open items and decisions.
Reporting support does not replace management judgement.
Frequency, format and delivery dates are defined in the engagement. Historical remediation, IFRS and group reporting are included only where expressly agreed. The client provides information and approvals; management and the board retain responsibility for accounting policies, material judgements and business decisions. Reporting does not constitute an independent audit.