IFRS and Group Reporting
Connect entity records to the group reporting picture.
IFRS, consolidation and group reporting support within an agreed engagement scope. Organise the underlying records, document the reporting basis and prepare schedules that connect entity-level information to group outputs.
Group reporting needs more than a collection of entity figures.
Entity records must be brought together on a defined reporting basis. Differences, adjustments and material judgements become difficult to review when the connection between local records and group figures is unclear.
Group reporting with a traceable preparation process.
The engagement defines the entities, periods, reporting requirements and supporting work. Prepared schedules document the relationship between source records and group outputs, with outstanding matters identified for client approval or further evidence.
Defined for your group reporting requirements.
Depending on the agreed scope:
- IFRS reporting support schedules.
- Entity reporting information prepared for the agreed group requirements.
- Consolidation schedules and supporting records.
- Documentation of reporting adjustments and material judgements for client approval.
- Group reporting outputs and audit-support schedules.
- A record of unresolved reporting items and required decisions.
Establish the reporting basis, then connect the records.
Define the engagement.
Confirm the entities, periods, reporting requirements, source records and responsibilities.
Prepare the information.
Organise entity records and investigate gaps relevant to the agreed reporting work.
Document the adjustments.
Prepare the supporting basis for consolidation and reporting decisions.
Review and deliver.
Apply review procedures according to the agreed scope and provide the group outputs with relevant open items.
Preparation and independent assurance are separate roles.
IFRS and group reporting support is limited to the entities, requirements and deliverables agreed in the engagement. Management and the board approve accounting policies and material judgements. Independent audit and legal advice sit outside this service. Accelio does not guarantee auditor acceptance or regulatory outcomes.