The engagement
We provide financial management and reporting support within an agreed advisory scope. The work can help management establish reporting routines, examine cash requirements and interpret operating results.
Scope of work
- Budgets, rolling forecasts and cash flow review
- Management reporting and performance dashboards
- Working capital and receivables monitoring
- Review of finance processes and internal controls
- Financial information for boards, lenders and investors
- Financial reporting support under applicable IFRS and Ind AS requirements
Engagement deliverables
An engagement may include a monthly management pack, cash forecast, variance analysis and action register. Responsibilities for data entry, payment approvals, decisions and statutory filings are defined before work begins.
How the work begins
- Describe the requirement. Identify the entity, proposed transaction or matter and any deadline.
- Review acceptance and scope. We assess the facts, competence, independence and other relevant professional requirements.
- Agree written terms. Confirm responsibilities, records, deliverables and the intended use of the work.
Common question
Does an outsourced CFO engagement transfer management responsibility?
No. The company’s management retains responsibility for decisions, records and approvals. The advisory role and level of involvement are recorded in the engagement terms.