Financial Reporting

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.

IFRS 17 Insurance Contracts
IFRS 9 Financial Instruments
Customer Loyalty Program Valuation

IFRS 17 Insurance Contracts

Establishes principles an insurer should apply when reporting information on insurance contracts.

  • Establishing reporting processes in preparation for IFRS17
  • Development of projection models under IFRS 17 guidelines
  • Parallel runs to understand impact of new reporting standards

IFRS 9 Financial Instruments

Stipulates requirements for recognition, measurement, impairment and hedge accounting for financial instruments of Banks and Financial Institutions.

  • Implementing Expected credit loss Models
  • Transitioning to the new features
  • Assistance establishing governance frameworks for sustaining the new requirements

Customer Loyalty Program Valuation

Actuarial techniques can be used to provide more accurate valuation on loyalty programmes to ensure the accounting representation is true and fair.

  • establish the principles that are applicable when reporting information about the nature, amount, timing and uncertainty of revenue and cash flows from a contract with a customer. (Waiting for some service information on this)
Contact Us

We're not around right now. But you can send us an email and we'll get back to you, asap.

Not readable? Change text. captcha txt