COVID-19: Managing financial reporting challenges of CFOs

With the ongoing lockdown in Singapore due to the COVID-19 crisis, financial reporting processes of many companies have been disrupted. Further, there are a range of new accounting and financial reporting challenges that the Chief Financial Officers (CFOs) and their teams face. Grant Thornton Singapore recognises such challenges and its financial reporting experts are here to help CFOs with their compliance needs, while they focus on what’s most important for their business in these unprecedented times.

We understand your priorities

• Managing disruptions to operations
• Maintenance of liquidity
• Maintaining relationships with stakeholders appropriately
• Book closure and preparation for statutory reporting
• Ensuring timely compliances, especially audits

Tech-enabled solutions for seamless financial reporting

Our financial reporting teams are trained in handling the best available cloud-based computing solutions, so that the lockdown does not affect our work and your financial reporting.

We can help in:

• Identifying key financial reporting elements and critical processes that might be impacted in the current scenario
• Discussion with management and auditors on key accounting and auditing issues
• Assistance in preparation of financial statements
• Project management and monitoring the progress of work of your financial reporting teams

Benefits

• As CFO or a senior finance professional in your company, you have more time to focus on critical activities which require your attention right now
• Quality and timeliness of financial reporting is maintained
• Your finance teams can continue to support operations