ACCOUNTING & REPORTING CONSULTING (ARC)
The world of business today is constantly subject to swiftly-evolving accounting & reporting standards and regulations. Increased management reporting requirements and faster reporting timelines require increased automation within the finance function. Special events such as preparing for an IPO/capital market transaction or meeting the reporting requirements arising out of an M&A transaction result in additional complexities and challenges for the finance function.
Our Accounting & Reporting Consulting (ARC) practice is designed to partner with the finance function through these challenges. Our global talent pool has deep functional expertise and we have a deep understanding of technology solutions for the finance function. Our teams function as an extension of your finance team to implement your plans. We provide the technical know-how, skills, technology, and bandwidth that allow you to maneuver this in real-time without adding additional manpower costs within the organization.
We bring in a rich understanding of multi-geographical accounting frameworks such as US GAAP, IFRS, Ind AS, and other country-specific regulations.
At Uniqus, we believe that the finance function is the fulcrum of the transparency and trust agenda of a company. We are well-positioned to enable this.
Internal Control Over Financial Reporting and Internal Financial Control
Internal controls are essential both from a business and regulatory perspective to ensure that the financial statements data reported are reasonably accurate and do not include any material misstatements. A strong control system reflects a company’s focus on integrity, ethical values, and commitment to providing reliable financial statements to its stakeholders. Furthermore, it allows senior management and corporate boards to have stronger oversight and confidence in transactions and events reported in the financial statements.
While internal control requirements such as ICOFR, SOX and IFC were initiated as compliance requirements, they have evolved and provided companies an opportunity to explore the possibilities of data analytics and process automation to gather deeper insights about their operations, financial strengths, and improvement opportunities. Companies have now started recognizing and viewing internal control activities as possibilities to improve the quality and efficiency of their business models, elevating them to achieve the best global practices.
Our services in this area include :