Assurance Services

Accounting Compliance and Reporting

Get it right and keep it right

Finance transformation on a global scale can pose new challenges and risks. Organizations must strike a balance by achieving the right control through risk mitigation, visibility and consistent quality, and the right efficiency across processes and systems, while creating the right value for the business at lower cost. Companies that get it right and keep it right are positioned to see their investments in global finance become truly transformational.

Accounting Compliance and Reporting services is focused on helping large, multinational companies meet their financial reporting requirements in the many countries where they do business. Companies across industries are engaged in finance transformation initiatives, marked by expansion into emerging markets, the deployment of Shared Services Centers and the continuous drive for efficiency and lower costs.

Managed centrally, our services link our competencies in finance and tax to support the full spectrum of compliance needs. Our suite of services include:

Statutory reporting services (delivering statutory financial statements)
A range of accounting support to assist the internal finance functions, including:
Group-to-local GAAP conversion
Post-general ledger "record" accounting, such as assistance with period close, trial balance compilation, reconciliations, and data gathering and analysis
Group-to-local GAAP-to-tax conversion in coordination with
Ernst & Young tax professionals

Improving trust and confidence in corporate governance

The Financial Reporting Lab aims to improve financial reporting effectiveness in the UK by creating a dialogue between companies and the investment community, and providing practical observations on reporting approaches. It recently initiated a project to develop best practice audit committee reporting, in light of the 2012 versions of the UK Corporate Governance Code and Guidance on Audit Committees.

The Future of UK and Irish GAAP

The new UK and Ireland financial reporting framework is now a reality. Understanding its impact will help you resolve issues ahead of adoption.

XBRL

An emerging technology standard, eXtensible Business Reporting Language (XBRL), promises to web-enable the financial reporting process for both preparers and consumers.

Contact us

For more information, please e-mail us at xbrloutsourcedservices@uk.ey.com.

UK and Irish GAAP

The new financial reporting framework in the UK and Ireland is now a reality. Understanding the business and financial impacts of the change will help you resolve key issues ahead of adoption.

Global Fraud Survey: a place for integrity

Though many companies have intensified their efforts to combat bribery and corruption, our 12th Global Fraud Survey suggests that much remains to be done.

IFRS implementation continues worldwide

Visit ey.com/ifrs to keep up with IFRS developments, including US/IFRS convergence activities.

Broaden your experience

Ernst & Young is one of the most trusted, respected and influential organizations in the industry. Consider joining us.