We understand the importance of quality in financial statement
Financial reporting is becoming more of a burden for all companies, with increasing levels of legislation and many aspects of UK Generally Accepted Accounting Standards (UK GAAP) to consider.
At Hazlewoods, our range of experience allows us to provide an efficient and quality service for all types and sizes of company.
As a listed company, your auditors are unable to draft your financial statements for you. This is where Hazlewoods can help. We are well versed in International Financial Reporting Standards (IFRS) and the drafting of listed company financial statements. We can also provide assistance with the underlying accounting, particularly consolidation workings.
In such situations, we are aware of the timescales and the importance of liaising with your auditors to ensure a smooth process.
Subsidiaries of overseas companies
It will often be the case that group auditors will be precluded from drafting the financial statements. In these circumstances, we are able to provide a service in the same way as for listed companies, as above.
Other unlisted corporates
For unlisted companies, it is more usual for the auditors to also provide a financial reporting service. A separate financial reporting service can be provided as above, or see the Audit and Assurance section for how we can provide a combined service.
New UK GAAP
FRS 102 will become the Standard for accounting for unlisted medium-sized and large entities in the UK.