Fund reporting & financial statements
Challenges
The coordination and the compilation of financial statements are steadily getting more complex with an increasing number of contributors intervening in the process.
It is not only a question of aggregating figures together, but also to coordinate the whole process from A ... to Z. In order to face this challenge, Deloitte proposal cover to fully coordinate the process of compilation and to allow all stakeholders to provide, amend or validate the information disclosed.
Deloitte services offering
Fund reporting / financial statements
Compilation
- Control of the data figures received
- Matching accounting figures
- Portfolio matching on our security database
- Automated compilation of the various statements
- Document composition and typesetting of the financial statements in line with clients graphical standards
- Review and control of the reports by our quality department
- Multi-class, master-feeder, intra & extra-pooled structures
- 8 different reporting standards supported : Luxembourg GAAP, US GAAP, Canadian GAAP, Swiss GAAP, Australian GAAP, Irish GAAP, UK SORP and IFRS/IAS
- Control of the information disclosed for foreign distribution, and compilation of other annexes (fund annual return, Dutch addendum, Swiss annexes, ...)
- System compatible with all fund accounting systems
Coordination
- Handling of corrections and comments
- Permanent access to the latest version of the report via e-room
- All parties involved receive a weekly status update on the compilation process
- Translation of the financial statements into various relevant languages
- Dispatching and filing of the final documents
Management
- Preparation and follow up of a detailed timetable for the financial statements with all parties involved (e.g. client, auditors, fund managers, translators, etc.)
- Process follow-up via Sharepoint
- Regular status updates (weekly meetings or conference calls)
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