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Accounting Standards & Compliance

IFRS 16, IFRS 17, Solvency II: we master complex accounting obligations and ensure reporting compliance.

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The challenge

Ensuring accounting compliance

Finance leaders face a proliferation of accounting and prudential standards: IFRS 16 (lease contracts), IFRS 17 (insurance contracts), Solvency II (prudential reporting).

Each standard requires specific calculations, operational data collection, and detailed regulatory reporting. Without automation, these processes rely on fragmented files and carry significant error risk.

Teams struggle to ensure consistency between accounting and prudential reporting, defend calculations during audits, and anticipate impacts of standard changes.

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Our approach

Neomind Advisory structures your compliance journey with a proven methodology for IFRS and prudential standards.

Gap assessment : Process analysis and required adaptations

Robust modeling : Auditable, documented calculation models

Guaranteed reconciliation : Accounting, prudential, and tax consistency

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Our expertise

IFRS 16 – Lease Contracts

Automate right-of-use calculations and lease reporting.

IFRS 17 – Insurance Contracts

Structure insurance contract valuation and reporting.

Solvency II – Prudential Reporting

Ensure prudential reporting compliance.

EU Taxonomy

Assess alignment and structure sustainable finance reporting.

IFRS 16 – Lease Contracts

IFRS 16 requires recognizing nearly all lease contracts on the balance sheet as assets (right-of-use) and liabilities (lease liability).

Calculations require rigorous contract collection, precise actuarial calculations, and tracking of contractual changes (modifications, terminations, renewals).

Producing detailed audit reports and reconciliation with financial statements are major challenges for accounting teams.

Key capabilities

Centralization of all contract types
Automated calculation engines
Validation workflows and change tracking
Audit reports and traceable documentation

When we engage

→ IFRS 16 compliance or optimization

→ Contract portfolio centralization

→ Actuarial calculation automation

→ Audit preparation

IFRS 17 – Insurance Contracts

IFRS 17 fundamentally transforms insurance contract accounting: discounted cash flow calculations, CSM (Contractual Service Margin), risk adjustments.

Compliance requires actuarial system overhaul, granular data collection, and strict consistency between actuarial valuation and accounting.

Insurers and mutuals must build robust processes to produce compliant, auditable financial statements.

Key capabilities

Actuarial and accounting process assessment
CSM calculation workflow structuring
IFRS 17 reporting automation
Traceability and auditability guarantee

When we engage

→ Insurer IFRS 17 transformation

→ Actuarial system overhaul

→ Cohort-based workflow structuring

→ Actuarial-accounting reconciliation

Solvency II – Prudential Reporting

Prudential reporting requires quarterly or annual production of detailed regulatory packages: QRTs (Quantitative Reporting Templates), Solvency II statements, COREP/FINREP reports.

These reports require multi-source data collection, solvency calculations, consistency controls, and traceable documentation for regulatory supervision.

Consistency with IFRS accounting reporting and the ability to respond to supervisor requests are critical challenges.

Key capabilities

Multi-source collection automation
IFRS reporting consistency guarantee
Structured validation workflows
Automatic XBRL package generation

When we engage

→ Solvency II reporting implementation

→ QRT package automation

→ Cross-reporting consistency controls

→ Regulatory review preparation

EU Taxonomy

The EU Taxonomy requires publishing the share of activities aligned with EU environmental objectives: climate mitigation, adaptation, circular economy.

Reporting requires eligibility analysis, alignment demonstration (technical criteria, DNSH, minimum safeguards), and detailed publication of financial indicators.

Integrating these calculations into EPM processes enables automated production and consistency with financial statements.

Key capabilities

Eligibility and alignment analysis
Contribution criteria assessment
DNSH criteria verification
Automated KPI calculation in EPM

When we engage

→ Taxonomy eligibility assessment

→ Collection process structuring

→ Taxonomy reporting automation

→ Data audit preparation

Case studies

International financial group, 50+ entities

Context

International financial services group operating in a demanding environment for reliability, governance, and consolidated accounts compliance

Engagement

Implementation of a group consolidation framework including scope structuring, 5-year historical data migration, and process industrialization.

Challenge

Establish a robust and sustainable group consolidation foundation capable of ensuring account production reliability and supporting scope evolution.

Outcomes

40% reduction in close timelines, improved traceability, new entity integration in under one week.

International banking group, multi-business

Context

Multi-business banking group operating in a highly regulated environment with strategic and prudential management challenges at group level.

Engagement

Design and implementation of a group-level projection platform integrating planning, stress tests, and headcount management.

Challenge

Establish a unified forward-looking management framework connecting planning, financial projections, and regulatory constraints.

Outcomes

35% improvement in projection reliability, consolidated forward-looking visibility at group level.

International concessions group, 50-year horizons

Context

Infrastructure concessions group operating highly capital-intensive assets over very long-term horizons.

Engagement

Simplification and harmonization of long-term planning processes across multiple assets.

Challenge

Establish reliable financial visibility to manage and value investments over several decades.

Outcomes

Reliable long-term projections, 50% reduction in operational complexity.

Solutions

Technologies we master

We deploy leading solutions to structure your accounting and regulatory compliance processes. Our approach combines accounting and actuarial expertise.

CCH Tagetik

SAP

Workiva

Power BI

Ready for IFRS compliance or prudential reporting?

Let's discuss your challenges and define the right approach together.

Let's discuss your project

Accounting Standards & Compliance

Ensuring accounting compliance

Our approach

Gap assessment : Process analysis and required adaptations

Robust modeling : Auditable, documented calculation models

Guaranteed reconciliation : Accounting, prudential, and tax consistency

Our expertise

IFRS 16 – Lease Contracts

IFRS 17 – Insurance Contracts

Solvency II – Prudential Reporting

EU Taxonomy

Case studies

Technologies we master

Ready for IFRS compliance or prudential reporting?

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