Financial Reporting Services

Parameters necessitating our intervention include:  

- Transition to IFRS or Ind AS  

- Application of IFRS or Ind AS standards  

- Financial statement preparation under IFRS or Ind AS  

- Compliance with regulatory requirements  

Solutions Portfolio:  

- IFRS and Ind AS transition planning and implementation  

- Advisory on application of IFRS and Ind AS standards, including IFRS advisory  

- Financial statement preparation that adheres to IFRS and Ind AS  

- Compliance review and assurance for Ind AS compliance, along with financial data analysis

Parameters necessitating our intervention: 

Requirement of assistance in preparing integrated reports that combine financial and non-financial information, providing a comprehensive view of an organization's performance through effective financial data analysis and financial statement preparation. 

Solutions Portfolio: 

- Integrated reporting framework design and implementation 

- Non-financial data collection, analysis, and reporting 

- IFRS advisory and Ind AS compliance services 

- Stakeholder engagement and communication strategy development 

- Integrated report preparation and assurance

ESG refers to the three key factors that measure a company's governance, sustainability, and social responsibility. These factors are increasingly being considered by investors, stakeholders, and regulators as essential for long-term success and risk management. To effectively integrate ESG principles, companies often turn to solutions that include financial data analysis to assess their performance against these criteria, as well as support for financial statement preparation to ensure compliance with standards. Our offerings encompass IFRS advisory and Ind AS compliance to help businesses navigate the complexities of sustainability reporting and governance. 

Solutions Portfolio:

- ESG data collection, analysis, and reporting

- Sustainability reporting framework selection and implementation

- Stakeholder engagement and communication strategy development

- Sustainability report preparation and assurance

Parameters that will require our intervention include: 

- Accounting standards and regulatory compliance, including IFRS advisory and Ind AS compliance 

- Investigations, inquiries, and inquests 

- Operational root-cause analysis 

- Cost keeping and accounting requirements 

- Transition and change of accounting basis and bases 

Solutions Portfolio: 

- Advisory on accounting standards and regulatory compliance 

- Forensic audit and operational research, supported by financial data analysis 

- Development and implementation of accounting policies, ensuring proper financial statement preparation 

- Advisory on financial reporting requirements 

- Formulation of accounting estimates, stochastic analysis, and technical analysis 

- Cost keeping and accounting services.

Reasons for Intervention

- Inefficient Manual Processes:

- Lack of Integration: 

- Inadequate reporting and analytics that hinder financial data analysis and impede business insights and decision-making.

- Outgrown existing systems that lead to inefficiencies and increased costs, affecting financial statement preparation.

- Compliance and Regulatory Requirements:

- Challenges in meeting IFRS advisory needs and ensuring Ind AS compliance.

Solutions Portfolio

- We assist clients in selecting the most suitable ERP system for their business needs, focusing on enhancing financial data analysis capabilities.

- Our team develops a tailored implementation plan and manages the project timeline to ensure a successful go-live.

- Our experts ensure data consistency across all financial reporting processes.

- Our team conducts thorough testing, identifies and resolves defects, and ensures system quality, particularly in relation to financial statement preparation.