Do you have accounting queries about individual transactions, want to restructure and streamline your entire system of internal and external financial reporting, or upskill your staff’s financial reporting knowledge? Our specialists are on hand to help.
We can also be your partner for all financial reporting issues related to mergers and acquisitions and initial public offerings.
Organisations are required to report their financial results according to the requirements of New Zealand legislation, International Financial Reporting Standards, US GAAP, etc.
Firms need to provide management with reliable information necessary to manage the business. These needs impose a significant burden on financial reporting resources.
How can KPMG help
Our goal is to help finance executives meet the rapidly changing requirements of today’s market environment. We can help implement leading practices in numerous roles of finance.
We can help you with many of today's challenges and enhance your overall financial performance.
KPMG's team of senior technical professionals can draw on a wealth of professional resources from across KPMG's national and international firms.
Our industry professionals combine local and global experience with the latest technical and industry knowledge to meet the needs of our clients.
We can help you incorporate new financial reporting requirements and convert accounting systems to meet international standards.
Challenges for the finance function and CFO
The task of the finance function is not merely transaction processing, but also decision support.
The role of the Chief Financial Officer (CFO) and the finance function are key as they are now faced with many new challenges, including:
- compliance with new and revised accounting standards
- optimisation of financial reporting processes
- keeping up to date with accounting and regulatory changes
- providing regular training to the finance team to enable them to implement accounting knowledge in practice
- accuracy and timeliness of forecasts, projections and financial results
- existing accounting systems not being able to provide information required by new standards or fulfil business requirements
- maintaining sufficient finance resources to meet the organisation’s objectives
- the ongoing day-to-day pressures placed on the finance function.