• Financial Reporting Support

Meeting the standard of tomorrow

The accounting standards that form the backbone of a company’s financial reporting don’t always stay in the background. Standards change, requiring your team to update both its reporting and its systems. That transition challenges not just their expertise—but also their bandwidth. The planning begins years in advance, stretching teams between their daily responsibilities and preparing for the new rules.

BDO’s Accounting Advisory professionals keep your finance team current on the reporting changes that impact your business. We identify these changes for the team and help them select their approach for this key transition.

Organizations at times forget to update their technology along with their reporting. The accounting rules create the logic that helps your systems support the business. Your technology is only as good as its most recent update. During the transition, we often bring in BDO technology professionals to update the systems from end to end.

Providing support on demand

Whether it is a new standard, a one-off transaction, assistance with disclosures, or general financial reporting questions, finance teams often lack the resources. In many cases, their auditors can’t provide the detailed answers needed and still maintain their independence. BDO’s Accounting Advisory professionals can fill this hole in your financial reporting process. Smoother audits, access to the expertise you need when you need it, and improved controls and processes around complex accounting are possible without adding to your finance team.

Our Financial Reporting Help Desk provides the following services on a fixed-fee basis:

  • assistance with quarterly and annual financial statements and management discussion and analysis (MD&A)
  • a dedicated BDO team standing ready to answer your questions and prepare guidance throughout the year
  • curated BDO content to help you make day-to-day decisions, available instantly via our client portal
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