Increasing emphasis on risk disclosure has changed accounting practices and created greater dialogue between accounting and Risk professionals. Reporting standards have evolved to generate more transparency in uncertainty of cashflows, allocating provisioning and granular information on financial reporting.
The new regulations require previously not effected governance and controls, models and estimations and collection of additional data. This is a significant challenge for most businesses to meet. We support companies in transitioning to the new standards and provide tailormade solutions to assist them in meeting the requirements successfully.