Financial reporting
Group reporting on time, reconciled with local accounting
Subsidiaries usually report twice: locally, under Romanian accounting regulations, and to the group, under IFRS, US GAAP or group policies. We help you reconcile the two every month, not only at year-end.
60 minutes online with the partner · free, no obligation · written summary within three working days
In brief
- The monthly package reviewed before the group deadline
- Monthly reconciliation of local accounts and group reporting
- In English, in the group's format
What we do
Four areas
IFRS and US GAAP conversions
From Romanian accounting regulations (OMFP no. 1802/2014) to IFRS or US GAAP, with reconciliation of equity and profit.
Monthly group package
Reviewing and documenting the package before submission, with variance explanations.
Consolidation
Consolidated financial statements and intercompany eliminations, including under OMFP no. 2844/2016, for entities applying IFRS (for example, listed companies).
Intercompany reconciliations
Balances and transactions with group entities, monthly, before the group close.
How we work
The monthly rhythm
- Days 1–2
Local close check
Key balances, cut-off and recurring adjustments, before the package.
- Days 2–3
Package review and variance notes
We review the package and prepare the explanations group controllers ask for.
- Monthly
Intercompany sign-off
Balances and transactions agreed with group entities.
- Quarterly
Review with the group
A session with group controllers on recurring issues and improvements.
Short answers
Frequently asked questions
Can you work in our group reporting system?
Yes, with access granted by the group. Where that is not possible, we prepare the files in exactly the format the group requires.
Who covers when the partner is unavailable?
For each recurring assignment we name a deputy at the outset who knows your file, so monthly deadlines never depend on one person's calendar.
Can we start mid-year?
Yes. We usually take over the package from the next month-end close, after a one-week handover.
Independence
We do not provide this service to companies where we are the statutory auditor: the reporting package, conversions and IFRS adjustments would create a self-review threat. We do not keep the company's books; we coordinate and review, and decisions stay with management.
Proof
See how we work
Free 60-minute assessment
60 minutes with the partner: find out what to do, and in what order
An online conversation, with no obligation: which requirements apply to your company, from which year, which risks we see and what is worth preparing now. Within three working days you receive a 1–2 page written summary. The summary is not an audit report.
What the assessment includes →
Already know what you need? Request a proposal →
Cătălin MaziluManaging Partner · FCCA, CIA
Online booking
Only available slots are shown, Monday to Friday between 08:00 and 20:00 (Romanian time), at least one day in advance.
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