Reporting for a multi-country group, delivered on the due diligence timeline

The Task

Prepare consolidated financial statements for the group from 2021 to 2024 within the timeline set by the fund.

What Was Wrong: Diagnostics

• Uneven accounting maturity across countries

  Some entities kept full records; for several, bank statements became the basis for analysis.

• Open periods and incomplete documents

  Data in the accounting systems could change retroactively, and some transactions were not recorded.

• Accountable amounts and tax matters

  They had to be closed or explained before the meeting with the fund.

What We Did

• Gained access to the group's accounting systems, analyzed them, and issued audit-readiness recommendations: period closing, document completeness, control of accountable amounts.
• Set up data collection in each country: a single request list, a reminder schedule, an agreed file format.
• For entities without full reporting, rebuilt cash movements from bank statements. Wrote PowerQuery scripts, processed dozens of statements across several accounts, checked transactions manually, and identified business activities.
• Prepared an activity report for each company and consolidated the data into the group's cash flow statement and balance sheet.
• Redesigned the payment request process and built management reporting.

Result

• Reporting on time

  Consolidated cash flow statement and balance sheet for four years delivered by the due diligence date.

• One format across the group

  Each company has an activity report in the same format, and the data is combined into one picture.

• A plan to bring accounting to audit level

  Period closing, document completeness, control of accountable amounts. Tax matters were put up for decision before the meeting with the fund.