Group reporting packs
Reconcile local figures to group policies, identify conversion adjustments and document the treatment of relevant balances and transactions.
IFRS reporting for subsidiaries and groups
When your UK accounts and parent company reporting follow different requirements, your finance team needs a clear bridge between them. Accendo helps established companies and groups resolve IFRS reporting questions and prepare evidence before deadlines tighten.
Discuss your requirementsTHE CHALLENGE
Two reporting requirements. One stretched finance team.
The parent needs a reporting pack before the local accounts are complete. Accounting policies differ, conversion journals need explaining and audit queries arrive while the team is closing the next month. The priority is a reporting position that management can understand and support.
HOW Accendo HELPS
A defined reporting requirement, with practical support.
We establish the framework, group instructions, deadlines and areas requiring judgement. We then agree the technical analysis, adjustments and reporting schedules needed, with direct partner involvement in significant matters.
Support shaped around your requirement.
Technical accounting
Agree focused support for matters such as revenue, leases, acquisitions or impairment. The deliverable may be an accounting paper, calculation or disclosure analysis.
Conversion support
Assess the differences between the current framework and the required IFRS basis, then plan transition information, comparative figures and supporting documentation.
GETTING STARTED
A clear scope before work begins.
Bring your latest accounts, group reporting instructions, reporting deadline and a summary of the unresolved issues. We agree the scope, information responsibilities and outputs before work starts. Your finance team remains involved in the accounting decisions and approval of the reporting.
YOUR PARTNER RELATIONSHIP
Direct involvement. Clear responsibilities.
Accendo is a London-based firm of Chartered Certified Accountants supporting organisations across the UK. Asif Rafique, FCA, leads the partner relationship, bringing experience in audit, advisory and strategy across practice and industry.
We agree responsibilities, deliverables and fees before work starts. Engagement acceptance includes conflict and applicable audit independence checks. Management retains responsibility for its decisions and financial information.
Before you decide.
Does an overseas parent mean our UK accounts must use IFRS?
Not automatically. Local statutory accounts and the parent’s reporting pack can follow different frameworks. We first establish the requirements for each, rather than assuming a full statutory conversion is necessary.
Can you help with one accounting issue?
Yes. An engagement can focus on a defined transaction or reporting issue. We agree the question, available evidence and required output, including any implementation support.
Can you work alongside our auditors?
We can help management prepare the analysis and supporting information auditors need. Management retains responsibility for its accounting decisions. Where Accendo is also the auditor, any additional work is assessed against applicable independence requirements.
What determines the fee?
The number of entities, reporting framework, complexity of the issues, quality of the records and deadline. Send us the reporting instructions and key questions so we can define a useful scope.
Explore what is relevant to you.
TAKE THE NEXT STEP
Speak to Accendo