Stats as a Service: compliance made easy
Support with the preparation of statutory accounts not only ensures compliance but gives finance directors and financial controllers time to concentrate on the running of their business.
Statutory accounts preparation for many finance directors or financial controllers of limited companies and groups, present an unwelcome challenge. The challenge mainly arises from changes in accounting standards, disclosure requirements, and legislation.
During, or shortly after the auditor's fieldwork, which involves a substantial amount of time compiling their audit pack of information and requests, the next question for finance directors is:
When is your first draft of the statutory accounts going to be available?
The ever changing auditor ethical and independence requirements may mean that this is the first time your auditor has asked you to draft your own statutory accounts with the help of a set of proformas.
Outsourcing statutory accounts preparation could be a solution to these challenges for you.
How can we help you?
To assist finance directors or financial controllers in drafting their statutory accounts our statutory accounts service includes:
The use of specialist accounting software also allows efficient iXBRL tagging of the statutory accounts and avoids the need for accounts in Word or Excel to be manually tagged, often at a significant cost.
Helping you achieve your goals
By working together:
- The hassle of preparing your statutory accounts is taken away.
- You are provided with a high-quality set of compliant statutory accounts.
- Your timelines are met to fit in with those of your auditor.
Making a difference
We have significant experience with:
- UK GAAP (FRS 101 & FRS 102).
- EU-adopted IFRS (for December 2021 year ends this will be UK-adopted IFRS).
We agree timelines with you and stick to those. We can also provide you with assistance on IFRS conversion.
Outsourcing your statutory accounts