Initial Discussion
Understanding your specific challenge and context
Financial Reporting Technical Consultancy
Expert IFRS & UK GAAP Implementation Support
Navigate Complex Financial Reporting Challenges with Confidence
Resolve intricate accounting issues and ensure compliance with our specialist financial reporting consultancy. We provide authoritative guidance on IFRS and UK GAAP implementation, helping you produce robust, compliant financial statements that stand up to scrutiny.
The Challenge of Modern Financial Reporting
Financial reporting continues to evolve with increasing complexity:
- Standards Evolution: New IFRS standards and UK GAAP amendments requiring implementation
- Judgement Areas: Complex transactions demanding significant accounting judgement
- Regulatory Expectations: Increasing scrutiny from regulators and auditors
- Stakeholder Demands: Growing need for transparent, high-quality financial information
Our consultancy provides the technical expertise you need to address these challenges effectively.
Why Choose Our Financial Reporting Consultancy?
Technical Depth & Practical Experience
- 15+ years of financial reporting implementation experience
- Practical experience from both preparer and auditor perspectives
- Current knowledge of standards and emerging issues
Dual Expertise
- Comprehensive understanding of both IFRS and UK GAAP frameworks
- Ability to advise on framework selection and transitions
- Cross-standard insights and best practice sharing
Proven Results
- Successful implementation of complex accounting standards
- Positive outcomes in technical discussions with auditors and regulators
- Enhanced financial reporting quality and transparency
Our Financial Reporting Consultancy Services
01
IFRS Implementation Support
- New Standard Adoption: e.g., IFRS 17 Insurance Contracts, IFRS 9 Financial Instruments
- Complex Transaction Advice: Business combinations, revenue recognition, financial instruments
- Policy Development: Creating robust, compliant accounting policy frameworks
- Transition Guidance: First-time adoption and standard-to-standard transitions
02
UK GAAP Advisory Services
- Framework Selection: FRS 102 vs FRS 105 vs IFRS analysis and implementation
- SME Reporting Solutions: Proportional reporting for smaller entities
- Sector-Specific Guidance: Property, financial services, technology adaptations
- Disclosure Optimization: Effective yet proportionate disclosure strategies
03
Technical Research & Opinions
- Formal Technical Memoranda: Comprehensive analysis of complex issues
- Second Opinion Services: Independent review of accounting treatments
- Regulatory Compliance: Ensuring adherence to FRC and other regulatory requirements
- Audit Support: Technical assistance during audit engagements
Our Consultancy Approach
- Deep Dive Analysis
- Comprehensive understanding of your specific transaction or issue
- Research of relevant standards, interpretations and market practice
- Consideration of regulatory guidance and emerging trends
- Practical Solution Development
- Real-world, workable accounting solutions
- Proportional approaches based on entity size and complexity
- Risk assessment and alternative option analysis
- Implementation Support
- Practical guidance on applying the chosen approach
- Documentation recommendations and support
- Stakeholder communication assistance
Consultancy Delivery Options
01
Project-Based Engagements
- Specific transaction accounting advice
- New standard implementation projects
- Technical accounting research and opinions
02
Retainer Arrangements
- Ongoing technical support and guidance
- Regular updates on standards developments
- Continuous improvement programmes
03
Emergency Support
- Rapid response for urgent reporting issues
- Crisis management for complex transactions
- Regulatory inquiry support
What Makes Our Bespoke Training Different
Relevance Through Customization:
- Real examples from your sectors and client types
- Direct alignment with your quality review priorities
- Integration with your firm’s methodology and approach
Practical Skill Development:
- Focus on application rather than just theory
- Exercises that mirror actual audit engagements
- Tools and templates your team can immediately use
Expert-Led Delivery:
- Training by an IFRS specialist with audit experience
- Insights into how standards are applied in practice
- Understanding of common implementation challenges
Training Formats Available
Comprehensive Programs:
- Multi-session deep dives into complex standards
- Progressive learning paths from basic to advanced
- Combined technical and audit methodology training
Targeted Workshops:
- Focused sessions on specific standards or topics
- Update training on new amendments and interpretations
- Remedial training addressing quality review findings
Ongoing Support:
- Follow-up Q&A sessions after training
- Technical helpline for post-training queries
- Regular update sessions as standards evolve
Our Bespoke IFRS Training Process
Our Consultancy Process:
Proposal
Clear scope, deliverables, timeline and investment
Engagement
Dedicated support from experienced specialists
Solution Development
Comprehensive research and practical recommendations
Implementation Support
Ensuring effective application and documentation
Frequently Asked Question
We assist with a wide range of issues, including the implementation of new standards, complex transaction accounting (business combinations, revenue recognition), transition between frameworks (e.g., UK GAAP to IFRS), and developing or reviewing accounting policies and disclosures for compliance with IFRS or UK GAAP.
We pride ourselves on responsiveness. For urgent matters, we can often provide initial guidance within 48 hours. The depth of the final response will depend on the complexity of the issue, but we always prioritise timely communication.
No. Our service provides authoritative accounting technical advice based on promulgated standards. While our advice helps you prepare robust financial statements and facilitates smoother audit discussions, it is not a substitute for the opinion of your external auditors.
Yes. We provide tailored advice to companies (often assisting them in preparation for their audit or with complex implementation projects) and to audit firms who require a second opinion or specialist support on client-specific accounting issues.
We offer flexibility to suit your needs. We typically work on a fixed-fee project basis for defined scope, or a retainer model for ongoing support. We agree on all fees upfront based on the anticipated scope of work, so there are no surprises.
Absolutely. We can provide an independent, expert review of the accounting treatment, prepare a technical memorandum supporting your position, and can assist in facilitating discussions with your auditors, providing authoritative support for your stance.
Our advice is not generic. It is tailored to your specific circumstances, considers practical implementation challenges, and is backed by 15+ years of experience in applying these standards in real-world situations. We provide a reasoned conclusion, not just a reference to the standard.
*Disclaimer: Please note that while this training provides valuable professional knowledge, it is not accredited by any professional body (e.g., ICAEW, ACCA) and does not award formal CPD points. Participants are advised to check with their respective institutes regarding their specific CPD requirements.
Client Success Stories
Financial Controller, Property Company
The guidance on implementing IFRS 16 for our multi-site property portfolio was invaluable. The practical approach saved us significant time and ensured we were fully compliant ahead of the deadline.
Finance Director, Technology Group
When faced with a complex business combination, the technical memorandum provided gave us the confidence to proceed and supported successful discussions with our auditors.
Partner, Regional Accountancy Practice
The transition from old UK GAAP to FRS 102 was seamless with the expert support provided. The tailored approach for our SME clients was particularly appreciated.
Online Training
Ready to enhance your financial reporting capability?
Contact us today to discuss your specific requirements.