Transforming your accounting function
Nowadays, companies do not want to spend much time challenging and correcting accounting information. Instead, they are focusing on delivering accurate information to their stakeholders. It is more expensive to employ in-house accounting specialists than to hire an external service provider.
Whether you are staffing a new accounting project, or looking for ways to optimise your business, you will inevitably face the challenges of limited resources and expertise gaps.
PwC gives you access to accounting and finance personnel on a need basis. You can tap into a mobile, flexible, and cost-effective pool of people, upscaling when additional staff are needed and downsizing as projects complete. Discover how we can help you.
What services are you looking for?
Assistance with your financial reporting and back office support on your over-the-counter (OTC) and peer-to-peer (P2P) processes.
Support with consolidation to help your organisation communicate on the group’s financial performance.
Assistance with preparation of local Statutory Financial Statements (SFS)
Staff to support your organisation on a new accounting project, or looking for ways to optimise your business.
Record Keeping and Back Office Support
Companies need to devote their resources and time to their core business activities. Our outsourcing services essentially focus at supporting organisations in their business processes by providing outstanding services:
Our team can help you deal with surges and backlogs and provide longer-term managed services. Delivered by experienced accountants and finance professionals, we bring together specialist bookkeepers, payroll professionals, tax advisors and leading cloud technology to meet even the most demanding business needs.
Your Challenges
Maintain your book-keeping on a regular basis;
Ensuring that you have the right expertise in the accounting regulatory environment, including the latest updates and developments;
Reducing the time you spend on reporting, and meeting your deadlines;
Understanding the full accounting impact on specific accounting principles;
Enhancing the application of your group accounting and reporting policy;
Minimising audit overruns.
How we can help you
We offer face-to-face support, period end support, year end accounting, tax services, payroll compliance, bookkeeping services and management information. We support your P2P process in terms of supplier statement reconciliations, initiating payment to your suppliers and allocations in your sub ledgers. We can assist you with doing your billing calculations, raising customer invoices, collecting debts from your customers and allocating receipts in your sub ledgers.
Our detailed services
- Recording of transactions;
- Preparation of year-end closings;
- Analysis of accounts and sub-ledger reconciliations; and
- Preparation of information requirements for external audit.
Why choose us?
- Cost savings;
- Process standardisation and operational simplification; and
- Access to qualified staff.
Preparation of your local Statutory Financial Statements (SFS)
The filing of audited local statutory financial statements (SFS) is a legal requirement for most companies in Mauritius. Incomplete or poor quality of SFS oftens leads to audit delays and significant involvement from management. This could also result in financial penalties due to late filing of SFS and also may lead to companies facing potential public exposure associated with failure to be compliant.
Outsourcing the preparation of local SFS is often a cost efficient and effective solution for many domestic and global business companies.
Your challenges
- Lack of in-house expertise;
- Existing team resource constrained due to prevailing operational situations;
- SFS deadlines not being met; or
- Lack of SFS preparation knowledge.
How can we help you
- Assisting with the preparation of statutory financial statements to ensure they are prepared in advance of filing deadlines and are available for management;
Support for year-end closing and statutory reporting including liaising with auditors (preparing audit schedules, answering year-end audit queries, updating trial balances with year-end audit adjustments);
Preparation of periodic management accounts under IFRS (including preparation of tax provisions);
Preparing/ Reviewing the statement of financial and profit and loss account in the relevant Financial Statements management or statutory format; and
Preparing / Reviewing notes to the Financial Statements.
Why choose us?
We have a dedicated SFS team which is well positioned to provide the following services: assistance with the preparation of local SFS, global coordination of the delivery of cross border accounting services
Our network gives clients direct access to skilled accounting resources with local expertise, who have an extensive knowledge of local accounting compliance requirements.
We have significant experience of providing SFS services over a wide range of territories to a diverse range of multinational clients.
We focus on delivering high quality SFS in an efficient and cost-effective way.
Consolidation Services
With today’s business challenges, organisations must constantly prepare timely, accurate and reliable financial data to communicate with various internal and external stakeholders. This process has only become more complex and challenging over the past few years in light recent development in accounting standards and interpretations.
Legal and accounting requirements for detailed financial information, higher complexity of accounting standards and shorter reporting deadlines requires the need to be on top when it comes to monitoring the consolidation process.
The financial statements consolidation process is therefore crucial and requires an in depth review in terms of organisation, team, knowledge and a constant development of the consolidation process. A strong and tailored consolidation support can enable your business to communicate effectively and timely on your group’s financial performance.
Your Challenges
Shorter delays between consolidation reporting;
More and more complex accounting standards: support on business combination, new IFRS standards and complex groups; and
Lack of internal resources: an efficient outsourcing of the consolidation process to better focus on core business activities.
How can we help
Define consolidation scope and assist on complex group transactions;
Prepare all or part of the consolidation reporting and consolidated financial statements in IFRS;
We manage the entire consolidation process with all stakeholders;
We manage the connection with the auditors; and
We coordinate the data collection for the group entities' reporting packages.
Why choose us?
We have an international, experienced and dedicated consolidation team;
We use up-to-date technology to better streamline communication and coordination among various teams;
We have strong technical knowledge in IFRS and other complex group matters; and
We provide high quality deliverables on time with proven track record.
