ACCOUNTING & REGULATORY
We offer specialized expert advice for banks, insurance companies, and financial service providers on accounting issues in accordance with national GAAP and IFRS (recognition, presentation, and measurement), as well as regulatory reporting requirements.
Financial Accounting
We assist our clients in addressing specialized accounting issues, including hedge accounting, impairments, and classification, as well as in conceptualizing and implementing IFRS notes and national GAAP disclosures. Our project activities focus on:
- Optimizing financial statement management and support, including the introduction of external reporting requirements and the creation of integrated financial reports.
- Conducting functional gap analyses.
- Defining functional requirements.
- Selecting the right software tools to support our clients' closing processes (RfP).
In migration projects, we support the integration of data sources from legacy systems into the new target system. Within transformation initiatives in the area of accounting, we advise our clients on:
- Process optimization in accounting for banks, industries, and insurance companies.
- Identifying pain points to build effective process optimization strategies.
- Implementing change management across personnel, processes, and technical aspects.
We also offer interim management in accounting and finance, providing tailored solutions to enhance both external and internal reporting, while streamlining internal processes and management tasks. We assist clients with our expertise in precise bookkeeping, the preparation of meaningful financial reports, and the implementation of efficient controlling mechanisms.
Regulatory Reporting
We provide advisory on new and existing regulatory requirements for banks and financial service providers - such as Finrep, ESG and CSRD. Our consulting services are divided into three areas of expertise - here using the example of ESG and CSRD:
- Specialist Advice:
We assist clients in analyzing specifications and defining requirements, for example, in the area of ESG and sustainable finance in external reporting, particularly in the context of the CSRD (Corporate Sustainability Reporting Directive) and Finrep. We support in deriving measures for integrating ESG criteria and sustainable finance practices into reporting, while also assessing the impact of ESG and sustainable finance requirements on external and Finrep reporting.
- Technical Consulting:
We support clients in determining implementation requirements and assisting with the integration of ESG and sustainable finance criteria into IT systems and processes. This includes conducting gap analyses and developing milestone and implementation plans to efficiently incorporate these requirements into external reporting. Additionally, we provide testing and quality assurance for ESG and sustainable finance reporting implementations, ensuring completeness, consistency, timeliness, stability, plausibility, and accuracy.
- Methodological Consulting:
We conduct impact analyses to assess the timing and effects of ESG and sustainable finance requirements on external reporting. Furthermore, we assist clients in developing and implementing effective CSRD and Finrep reporting strategies, ensuring alignment with ESG and sustainable finance criteria.
Fund Accounting
We provide comprehensive management and accounting services for fund mandates, in collaboration with our SimCorp Dimension experts. Our offerings include assistance with booking executed financial instruments (securities, derivatives, and cash transactions), as well as monitoring corporate actions and maturities.
We also support the preparation of regulatory and tax reports, along with fund valuations.
Additionally, we assist with process optimization and the implementation of certifications.
Your value added
- Access to specialized expertise in accounting principles and regulatory compliance, helping clients to achieve accurate financial reporting and ensuring confidence among their stakeholders.
- Support on a wide range of requirements, including external reporting, process optimization and fund accounting.
- Increasing clients' efficiency in preparing external reports by reducing manual workloads and improving the speed and accuracy of financial data analysis.
- Strategic advice on emerging issues to help clients remain competitive and innovative.
We support
- Banks, insurance companies, fund asset managers, and financial service providers in the DACH region on issues relating to accounting, in accordance with national GAAP and IFRS, as well as the implementation of regulatory reporting.
- In particular the corporate divisions in the finance area: Group Accounting, Financial Statement Management, Reporting, Controlling, Central Accounting.
- All areas in your company that are responsible for external and internal reporting in the finance area.
Your contact
Background
- Specialist for issues relating to GER-GAAP, IFRS and reporting.
- Several years of disciplinary management at German credit institutions.
- Responsible for the aietes Accounting & Regulatory division.
