Financial accounting advisory services (FAAS)

The pressure on finance operations is growing. Finance teams must balance cost, efficiency, skills, technology, and reporting, as well as meeting more strategic demands.

Our BPO team alleviates these burdens, leaving you free to concentrate on your business. We’ll give you tailored outsourcing solutions you can count on right away. We’ll also continually review your needs to support your success, driving cost efficiencies, leveraging new technology and fostering sustainable long-term growth.

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We offer a placement service where our professionals embed themselves in your business, become trusted team members, and provide you with additional skills and expertise.

We collaborate with you to understand your challenges and work together with your finance team to develop a clear project plan and effective solution.  We mobilise fast to bring an individual or team to support you.

We focus on your broader business objectives, not just individual tasks. We'll provide a fresh pair of eyes, suggesting improvements and bringing new skills and insight to your finance function.

• Supplementing and upskilling your finance team during significant change, such as acquisition, disposal, high growth or preparing for an initial public offering
• Reconstructing management accounts and resolving compliance issues
• Prepare for year-end audit and supporting you deal with your external auditor
• Prepare statutory financial statements and consolidated group accounts
• Executing actions relating to accounting or control issues

We have a broad understanding of both best practice and how financial reporting can go wrong. These practical insights, combined with a broad and deep technical knowledge of IFRS, UK GAAP and US GAAP, and capital markets insight, means that we can provide you access to experts to help you balance demands and challenges within your team.

• Impact assessments and implementation of new accounting standards
• GAAP conversion work, principally IFRS, UK GAAP and US GAAP
• Preparation of Historical Financial Information (HFI) in respect of IPOs
• Accounting in respect of restructuring, group simplifications and acquisitions
• Distributable reserves reviews
• Preparation of accounting policy manuals and policy reviews
• Technical accounting papers, for example, revenue recognition, share-based payments, business combinations and financing arrangements

Are you required to meet the needs of a third party over your data submission? We can provide a report of factual findings or level of assurance over financial and non-financial data tailored to the needs of your business and third-party requirements.

• Agreed-upon procedures where there is a need for a bespoke report on factual findings within a specific area of financial or non-financial data
• Accountants reporting on grant-funded projects
• Agreed-upon procedures for turnover certification, loan-covenant compliance, and internal processes and controls
• Assurance over non-financial data submissions made to UK and EU regulatory bodies

We offer assurance or consultancy on Environmental, Social, and Governance (ESG) data.

Managing ESG risks and exploiting opportunities requires you to understand and measure the global impact of your activities and dependencies.

You also need to manage, use, and report on sustainability information.

Sustainability information is different to financial data – it's inherently more challenging to measure and interpret, or even know what to measure.

Shareholders and other stakeholders are becoming progressively more interested in the ESG agenda and how businesses are mitigating the associated risks. So, you need to understand how to bring this agenda into your business.

This is how we can help you achieve your goals:

• Assist in setting up the process to collate the data for accurate and timely reporting
• Ensure compliance with the legal and regulatory frameworks
• Map out the emissions and energy use and advise on efficiency gains
• Give assurance over reported ESG metrics