Timely regulatory reporting, based upon controls

More and more organizations have to conform to regulatory reporting guidelines. Both efficient and effective reporting places high demands on the information producing processes within your organization.

At Invantive, we can support you with the implementation of a regulatory reporting process that meets the requirements. Our employees also have extensive knowledge of converting contracts for use within FRS DataFoundation and the various FRS FiRE modules.

Requirements

• Internal controls and procedures: the establishment of adequate and effective internal processes and controls that conform to standards and can be monitored, tracked and analyzed, to ensure consistent and accurate data analysis. Auditors need to be able to attest that there are documented and correct processes in place that back up the accuracy of information.
• Increased transparency: to obtain greater transparency, companies must establish an internal control system for tracking and auditing financial processes. Executives and external auditors must be able testify to its effectiveness and enable organizations to forecast and publish accurate estimates.
• Timely and frequent: organizations must create and optimise near realtime reporting to meet shorter deadlines for report filing. Information that materially affects the company's results need to be published on a rapid and current basis.

Results

Projects from the last years include:

• From Dutch GAAP to IFRS accounting principles;
• From Basel I to Basel II compliance;
• Compliance with Sarbanes-Oxley;
• Reporting according WTK and DRA.