Preparing consolidated financial statements in today's globalized world of increasingly complex reporting requirements, tighter reporting deadlines, and a lack of skilled resources may pose a challenge for many companies.
To meet your stakeholders' or financial markets' demands, your company may be considering full or partial outsourcing of its reporting and financial consolidation processes.
When contemplating full or partial outsourcing of your organization's reporting and financial consolidation, several crucial questions must be addressed.
Among them are the following:
Scalable service scope, which can be adjusted to the specific needs of your company
Expertise in assisting with complex accounting transactions and disclosure requirements in accordance with Swiss GAAP FER, IFRS, or US GAAP
Suite of tools and methodologies to ensure smooth and efficient compilation of consolidated financial statements
Experienced project managers who ensure an appropriate level of project communication, identification, and resolution of issues, meeting deadlines, and alignment of responsibilities
Audit support
Consolidated financial statements pragmatically tailored to the individual needs and characteristics of your company
Streamlined and uniform consolidation process
Increased control in the preparation of consolidated financial statements with an audit trail
Support in achieving compliance with Swiss GAAP FER, IFRS, or US GAAP accounting and reporting requirements
Short communication channels
Highly skilled resources available for agile project approach
Quick and easy access to a wide range of expert knowledge within KPMG across all disciplines and services
KPMG's Accounting Advisory Services for Corporates team will partner with you to tailor our services to your company's individual requirements.
Typically, our financial consolidation engagements include the following steps:
Our team provides both the methodology and experience to effectively evaluate your current consolidation process and assist in facilitating the implementation of the necessary modifications if required.
Thereby, redundant tasks are detected and avoided. You will thus experience a smooth transition that allows for increased productivity and a satisfactory consolidation solution.
Do you dare to analyze your situation?
