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
EY tax professionals
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The PCBS has published recommendations for enhancing corporate transparency, governance and integrity. Firms should consider their whistleblowing framework’s effectiveness, and whether their culture encourages employees to raise concerns.
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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.