Scope and key challenges

• late preparation of financial information
• significant time pressure ahead of consolidation deadline
• complex reinsurance accounting and reserve considerations
• multiple stakeholders across jurisdictions
• high risk of reporting delay impacting group reporting cycle

How we helped

We deployed an accelerated audit execution model focused on critical path items.

Our approach included:

• rapid prioritisation of key financial reporting areas
• direct engagement with finance team to unblock documentation delays
• treamlined audit request process to reduce unnecessary workload
• focused testing on high-risk reinsurance balances and reserves
• daily coordination during final completion phase
• close alignment with group reporting deadlines

Results

• successful completion within consolidated reporting deadline
• no disruption to group reporting cycle
• improved clarity in reserve and reinsurance disclosures
• reduced operational burden on finance team despite tight timeline
• strengthened reporting discipline going forward