Listed companies are subject to disclose quarterly report effective 2008. The workload of accounting division in each company has been increasing because of the requirements of disclosure and application of standards of transparency such as annual report, quarterly report and reports of the Companies act.
As early as 2015 IFRS (International Financial Reporting Standards) will be adopted along with the convergence. As IFRS is principle basis, it does not regulate each accounting procedure in details but companies are responsible to prove their accounting policies which they adopted are fair in accordance with IFRS. Therefore companies should select accounting policies always preparing reasonable explanations and evidences.
Once IFRS is adopted, it is expected that not only the procedure to prepare disclosing documents become complicate but also the volume of information of such disclosure increase.
Under these circumstances, it requires a lot of efforts to prepare appropriate disclosure by catching up with the latest accounting information and selecting best policies for each company and to prepare reasonable explanation and evidences of each selection and procedure.
We perform accounting and closing for your company whose management considers cost-cut of accounting as part of restructuring or thinks difficult to prepare stand-alone and consolidate financial closing and disclosure due to a lack of resource and knowledge.
Our service will provide you with solutions of your concern such as:
(Service Example)
We respond sincerely to your needs of outsourcing of financial reporting with three points below.