PayMyTime

SECTOR: Business services – fee-based management of mail services

Assignment received from Swiss Company

Subject of mandate: preparation of consolidated financial statements for the parent company

Every year and also every quarter (in technical jargon for every Q), a consolidated financial statement reviewed by an auditing firm must be presented to the stakeholders.

The complexity of operations is when your subsidiaries are around the world and the local auditors need a single point of contact to prepare the logic of the reporting package to be delivered to the lead auditor.

Any accounting principle must be correctly interpreted and dropped into business reality.

From India to Brazil, every country knows what intangible assets are, but for this client it was quite complicated to explain to local auditors the discounting of cash flows (DCF) from the use of beta software.