+39 389 259 9098So just why is Financial Reporting Ltd. so passionate about top quality Financial Reporting?
The answer is simple: we know we can make a difference to your company and your bottom line. This fact excites us and motivates us in our daily work.
Consider the following scenario. A fund investor in the City of London is tasked with finding opportunities on the European markets. The Annual Reports of an array of potential targets sit on his desk awaiting his highly-prized consideration. He looks to Italy and thumbs through to the Directors' Report of his first target. He wonders which section he is perusing when he comes across one entitled 'Economic trend'. Could this be the 'Key Financial Highlights'?...'Reference context'?...he's not too sure here either..perhaps this is the 'Market overview'?
Even if he does overcome these interpretational difficulties, the thought has been planted in his mind: 'This company is unprofessional and unworthy of further attention'. Any further investigation is likely to leave him confused upon the exact state of the balance sheet. How can he be expected to commit to a decision involving significant sums of investors cash while he is unsure of a) the professionalism of the company and b) the underlying fundamentals?
Unfortunately, many of the financial translations carried out for Italian businesses are produced by translators without sufficient expertise to deliver a report in line with that of a New York or London listed blue chip. The agencies who complete this work utilise much of your resources in overheads and superfluous layers of managment and don't leave enough in the kitty to hire a professional for the most important part - the translation!
The idea is simple: apply Best Practise reporting utilising skilled report writers trained in-house by Richard O'Connor, a Chartered Accountant with extensive Audit Manager experience in Milan and who performs the subsequent review and signs off on the document. We are well versed in how a Report should appear and should read - from the sections outlining company performance, for which the concise and incisive reporting of results is required, to the nuts and bolts of the balance sheet and income statement where extensive knowledge of the accounting field and IAS is a must. We guarantee:
- Report writing on a par with companies listed in New York or London
- An ability to interpret complex accounting issues
- In-depth understanding of IAS/IFRS and the latest interpretations & revisions
- Equity & Debt markets expertise
- Awareness of innovative industries & latest industry terminology
- Up-to-date knowledge of the local and global economy
About Richard
Richard is from Dublin, Ireland and since qualifying as a Chartered Accountant has worked in the world of Finance and Accounting - initially with Price Waterhouse in Amsterdam and subsequently as the Financial Controller of a multi-national in Monte Carlo.
In 1997 he was drawn to Milan and took up a role as an Audit Manager with Deloitte & Touche, working on due diligence and audit assurance on multi-national clients.
During this time Richard began to note something lacking in the external presentation and communication of mid and large size Italian enterprises. For companies with annual revenues usually in the tens and hundreds of millions their English language communication and reporting gave the impression of an entity of a much smaller size and potential. Opportunities for growth and expansion were being squandered needlessly though a lack of diligence in researching their translation partners.
In 2001 Richard created Financial Reporting Ltd. to cater to Italian enterprises requiring top quality reporting in line with that seen internationally. Our clients are enterprises with ambitions to grow and to tap into all possible opportunities and who consider Financial Reporting as an important part of such ambitions.
Today we operate as a consolidated team of 3 in-house translators, in addition to Richard who oversees and reviews all output. Aside from this role, Richard believes in the importance of establishing strong, close relations with the company's clients and therefore spends a number of days each month meeting with clients and addressing their needs. We hope we can bring our vision to your enterprise and be a part of your growth strategy.
We look forward to hearing from you!
