Statutory reporting

Companies operate in an environment that more and more internationalizes. Often, the local administration is arranged according to accounting guidelines and requirements of the international parent company. However, annually financial statements  have to be prepared and published on the basis of national laws and regulations. The result is that the data from the local accounts must be converted to comply with applicable local accounting principles.

GlobalForwardTrust takes the whole process of conversion from local books to statutory accounts out of your hands. We take care of identification and documentation of accounting differences, setting up the books to stats trail and the writing of the IFRS or Dutch GAAP financial statements. We can also act as a liaison with the auditor for the audit of the statutory accounts.