Financial Reporting

Financial reporting is the process of documenting and communicating financial activities and performance over specific time periods, typically on a quarterly or yearly basis. Companies use financial reports to organize accounting data and report on current financial status. Financial reports are also essential in the projections of future profitability, industry position and growth, and many financial reports are available for public review. There are several primary statements to use when reporting financial data, and the information you include in these documents fulfills several key objectives of financial reporting:

  • Tracking cash flow
  • Evaluating assets and liabilities
  • Analyzing shareholder equity
  • Measuring profitability

The International Financial Reporting Standards (IFRS) are accounting standards developed by the International Accounting Standards Board (IASB), an independent not-for-profit organisation.

The IFRS provide a global framework for how public companies prepare and disclose their financial statements, giving general guidance for preparing financial statements rather than setting rules for industry-specific reporting.

Adopting a single set of worldwide standards simplifies accounting procedures by allowing one reporting language throughout. A single standard also provides investors and auditors with a cohesive view of finances.

Our financial reporting advisory team can guide you through this framework to ensure you are compliant and meet the international standards required; this is especially useful for large companies with subsidiaries in multiple countries.

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Business solutions

PRO Business MS is a co-sourcing finance team that provides a flexible and fully scalable solution for all your back office needs so you can focus on running your business.

Our team is experienced in working with start-ups, as well as more mature businesses undergoing a change-management programme. We take the time to understand the needs of each business, and tailor our services to meet your specific needs.

Cloud-based accounting is at the heart of our solution and means you can check progress online at any time. We are a Platinum Partner with Xero, a Certified ProAdvisor with Quickbooks, and at the forefront of many cloud-based products, including being a preferred supplier for Dext (previously known as Receipt Bank).

Simply choose from our full range of services and we’ll tailor the most cost-effective option for your business

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CFO Advisory

The role of CFO is undergoing transformation. In these days of big data, predictive analytics, and digital transformation, the influence of finance executives is expanding as their responsibilities transcend traditional accounting and reporting activities. Finance leaders today are expected to be change agents who champion new technologies, refine processes, embrace data, and enlist the best talent—all in addition to their daily responsibilities. With decades of experience advising growth companies, we help CFOs transform their financial function to actively support the strategic growth objectives of their company while reducing the costs of compliance and transactional processes. By doing so, you can shift the time, energy, and resources of the finance function to become a stronger strategic value partner to your organization.

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Business support, planning and growth

It probably goes without saying that we can help with the full range of accountancy needs, but what about other areas of your business?

Over the years we have developed additional business support and advisory services to provide a greater range of assistance to help you with business strategy, planning and infrastructure.

We understand how time-consuming it can be for you to go through the process of finding a supplier or contractor you can trust when your business needs to bring in specialist expertise.

And you often need to invest time, money and other resources into ensuring that person understands your business enough to make their role valuable to you.

We also believe that this can only come from developing a deep and genuine understanding of their business, products and customers, which is why our approach to business planning always starts with you.

Our depth of knowledge of the economic conditions in the region along with challenges and opportunities that all of our clients may face, our business acumen goes a long way.

By working together to find out where you are now, where you want to be and then filling in the blanks, we can help you to achieve the business success that you are targeting. Our business advisory specialists provide the critical sounding board that you need when embarking upon changes or developments in your business. They always say that two heads are better than one.

Raising finance is an integral part of many corporate finance transactions; we can help you to raise funds to assist with organic business growth, group reorganisations, shareholder movements, and the acquisition of major items of property, plant and equipment.

If you’re unsure about the different types of funding available or which type of funding is most appropriate to your particular requirements and circumstances, we can outline the options, advise you on the most appropriate funding route for you and agree a business growth plan together.

We have a large network of contacts including banks, specialist asset and invoice finance providers, business angels and venture capitalists.

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Cost and budget management

Assesses performance and identifies opportunities to better manage budgets and costs to improve government outcomes. Our teams help organizations take an investment optimization point of view when looking at all government functions. Key offerings include user fee setting and pricing analysis; budget formulation, presentation and execution; business case development and cost estimation; technology business management (TBM) and IT costing; working capital and revolving fund assessments; and integrated investment management.

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Financial Controlling

Financial Controller: This is the person in charge of the overall financial controlling function. They are responsible for creating and implementing financial plans and budgets, monitoring financial performance, and providing financial analysis and recommendations to management.

Budget Analyst: This person is responsible for creating and monitoring budgets for different departments or business units. They work closely with department managers to understand their financial needs and create budgets that reflect those needs.

Financial Analyst: This person is responsible for analyzing financial statements and other financial data to identify trends and potential issues. They also provide financial analysis and recommendations to management.

Cost Accountant: This person is responsible for analyzing costs and identifying areas where costs can be reduced. They work closely with department managers to understand the costs of different products or services and make recommendations for cost savings.

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Interal audit services

  • Our IT Internal Audit services professionals offer solutions to help clients extend their internal audit oversight and performance, addressing IT risks as well as broader organization-wide business risks, such as cybersecurity.


Our services

  • External quality assessment (EQA) over the effectiveness of existing internal audit arrangements;
  • Development and assessment of risk management and internal audit frameworks;
  • Development and assessment of risk-based internal audit strategies and plans;
  • Delivery of all or part of an internal audit plan through a core team, supplemented by specialists as required;
  • Supplementing existing internal audit teams with additional manpower;
  • Provision of specialist internal audit and consulting assistance for areas of added risk or complexity;
  • Provision of specialist seconded staff to fill roles at all levels of an organisation (and secondment opportunities within Mazars);
  • Reviews of outsource service providers;
  • Advice and training on how to improve internal audit approaches and methodologies.;
  • A ‘helpdesk’ for ad hoc internal audit, risk management, governance and related queries; and
  • Regulatory compliance reviews and consultancy (eg. FCA / PRA, Sarbanes-Oxley, E-Commerce Regulations).

Digital internal audit

Technological advances and trends in advanced analytics, robotic process automation, and cognitive intelligence are rapidly reshaping business models, improving productivity, and enabling innovation in the way organizations operate and conduct business. We help IA departments assess and understand the new opportunities associated with these technologies so they remain proactive in advising senior management on preventing and detecting new and emerging risks.

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