Financial reporting

  

Preparing financial reports

We are specialised in preparing your financial and regulatory reports that comply with any laws and regulations applicable to your situation.

An entity’s performance as reflected in the financial statements is, amongst others, an important basis for decisions by (potential) stakeholders. Preparing a high quality annual report and financial statements requires specific skills and expertise.

The process of identifying applicable laws and regulation demands considerable time and attention. This is not limited to a certain point in time when a financial report has to be compiled, but is a continuous process that can require embedding certain developments in your internal control framework. We offer all the expertise required to live up to the standards of laws and regulation.
 

Asset Management

We have sound expertise in the implementation of various types of financial reporting standards within the global asset management industry. For example, we prepare more than 200 annual and semi annual reports based on IFRS and more than 200 annual and semi annual reports based on Dutch GAAP. Furthermore we prepare a number of annual reports based on US GAAP, Australian GAAP or Luxembourg GAAP. Investment institutions that need to comply with the Dutch Investment Institutions Supervision Act (‘WFT’) can come to us for advice and implementation guidance.
 

Financial reporting for investment funds

Our services primarily consist of the preparation of financial reports for investment funds, including annual reports, semi-annual reports and regulatory reports. In addition we are able to plan, coordinate and monitor the financial reporting process which includes the following:

  • Preparing and discussing a template financial report, based on up-to-date laws and regulations
  • Drafting financial and regulatory reports for investment funds
  • Planning and coordinating the reporting process
  • Monitoring progress and interacting with independent auditors on matters related to the financial reports
  • Delivering financial and regulatory reports according to planning
  • Conducting market surveys on financial reporting by investment funds
  • Conducting client specific research on financial reporting issues

The companies that use our financial reporting services experience the following advantages:

  • An efficient reporting process for their investment funds
  • Consistency in the implementation of laws and regulations, in disclosure as well as layout
  • Ability to discuss with independent auditors on an on a level playing field
  • Increased clarity with regard to the impartial role of the independent auditor
  • A clearly defined and transparent process in terms of both timing and costs
  • Clients are able to allocate their employees to matters more closely related to their actual business

 

Pension funds

The Dutch laws and regulations for pension funds have gone through a number of developments in recent years. As a result of the credit crunch and the age increase to receive government pension the pension fund industry is in the spotlight. This results in an increased interest in financial reporting by pension funds by stakeholders such as participants and supervisory authorities.

Solutional Financial Reporting offers pension funds support with their financial reporting and compliance with laws and regulations. We will gladly assist Dutch pension funds with:

  • The preparation of a GAP-analysis between current reporting and applicable laws and regulations
  • Preparing a template report that can be the basis for the actual annual report
  • Supporting the financial reporting process through direct involvement of our professionals on an interim basis

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