In recent years, we have seen a renewal of legislative obligations. From the Solicitors Accounts Regulation 2014, Client Monies Regulation 2012 to the Multi-Unit Developments Act 2011, financial reporting for regulatory agencies can be quite demanding. Regulated entities need to ensure that their compliance standards are in line with that expected by their Regulatory body. Our dedicated team provides regulatory advice to organisations operating in the following sectors:
Our corporate finance team has extensive experience in providing credit verification services reviews, including asset searching and forensic reviews.
Each assignment is specifically tailored according to the required needs in order to assess the accuracy and completeness, or otherwise, of certain disclosures made.
We establish what are the true financial assets held through extensive asset searches. We can trace assets held by individuals and corporate entities by performing:
XBRL (eXtensible Business Reporting Language) is a language that allows the presentation of financial information in a computer readable format. XBRL is increasingly being adopted by both businesses and regulators world-wide. iXBRL, or ‘inline’ XBRL, is a more recent version of the language which allows human-friendly presentation of XBRL documents. Certain companies are obliged to submit their financial statements to Revenue in iXBRL format.
Who does iXBRL apply to?
Filing of financial statements in iXBRL format is mandatory for all corporation tax payers who do not meet all of the below requirements in the financial year:
Crowe offers a timely, cost efficient iXBRL service. Our hands on, systematic approach assures an effortless conversion process.