Technical accounting

When there’s no room for error, you need a partner who sees the bigger picture

Being forward-thinking is necessary. But having a sound operational foundation is even more necessary. That is why businesses choose us to ensure their day-to-day is accurate, updated and compliant, giving them the headspace they need to manage critical stakeholders and build a business that will see tomorrow.

The global economic climate changes almost daily, and many businesses operating today are faced with challenges and obstacles that many of their predecessors never did. New shareholder perspectives, new regulators, heightened consumer demands leading to new ways of company reporting, have all led to a new set of pressures facing not only financial teams, but leadership teams as a whole.

We work with businesses to provide hands-on, bespoke technical accounting services such as:

  • IFRS / GAAP conversions – With our expertise and extensive experience we have built up over the years, companies who are looking to IPO, trade internationally, or international businesses who are looking to align their subsidiaries to one, consistent accounting language, we can deliver a service that  supports first-time IFRS adoption and restatement of prior year accounts – setting you up for growth potential. This includes the evaluation of the IFRS financial control environment, drafting of Financial Review and Reporting Procedures Manual.
  • Statutory accounts preparation (IFRS / FRS) – CFPro assists you with the preparation of your annual statutory accounts to ensure the correct filing at the end of your company’s financial year. Having prepared accounts for all types and sizes of business, from startups through to small to medium sized companies, as well as group consolidated accounts, we support you to ensure you meet the statutory accounting and reporting requirements in accordance with IFRS / FRS, UK Companies Act and HMRC filing requirements.
  • Audit support – For auditors, you may require a team to act where a conflict of interest means that you are unable to complete what is expected of you. For businesses being audited, you may require someone to act on auditors instruction and queries immediately, having the knowledge and capability to act quickly. Our team has worked alongside financial audit teams for many years, supporting both auditors and clients when financial operations required agile resolutions to successful audit completion. We understand the time pressures involved, and the need to act quickly and accurately in resolving issues and bringing instructions to completion.
  • R&D tax credits – CFPro has successfully carried out the preparation and submission of the R&D tax credit applications for a number of businesses. We have the resources and technical expertise to ensure that eligible businesses can maximise their R&D tax credit claims.