Financial Statement Support
Effective preparation for annual reporting and audit deadlines
GlobeOp’s Client Financial Reporting team provides three distinct service packages of year-end audit service support for the drafting of financial reports or statements. The global team’s experience and ongoing extensive financial statement production training assists a wide range of fund types and sizes to prepare effectively to meet year-end fund reporting and audit process deadlines.
Service Package 1
Basic reports
from our Geneva system, drafting of financial statement schedules
not included.
Service Package 2
Financial statement schedules, including numerical calculations for
footnote disclosures, in Excel format. Final completion by funds or
third parties.
Service Package 3
Draft financial statements in Word format based on a
pre-agreed-upon template. Includes key financial schedules and
numeric footnotes.
In each package, financial statement drafting by GlobeOp is not intended to be final, but is subject to review and final approval by the fund. Similar services are also available for interim audits or unaudited reporting periods.
Auditors’ Confirmation
Letters
GlobeOp can provide detailed contact
information and supporting schedules upon request, but does not
prepare audit confirmation letters.
Funds requiring assistance should contact the Financial Reporting team well in advance of the end of September to ensure the appropriate level of support can be scheduled. Priority at peak periods is typically given to funds with firm regulatory reporting deadlines and GlobeOp support service agreements. After an initial discussion of the audit process, projected costs and expected timetable, a timetable is mutually agreed with funds and their auditors, and close teamwork begins to meet fund commitments.