Learn about consolidated financial statements, the criteria for aggregation, reporting guidelines, and practical examples for parent companies with subsidiaries.

For accountants who have clients with multiple entities, one of the biggest bottlenecks occurs in multi-entity consolidation. This challenge is especially pronounced in one sector in particular: ...

Discover how Variable Interest Entities (VIEs) work as unique business structures, granting controlling interests via contracts instead of voting rights, and their impact on business operations.

The Legal Entity Identifier (LEI) project for financial services is taking longer than planned. Developed by the Financial Stability Boardat the direction of the G20, the LEI is meant to provide a way ...

Many financial institutions that act like banks are not supervised like banks If it looks like a duck, quacks like a duck, and acts like a duck, then it is a duck—or so the saying goes. But what about ...

Take heed: DORA applies to roughly 22,000 entities in the entire EU financial ecosystem, including related providers based outside the EU. Violators can face fines of up to two percent of gross ...

Proven Solutions with Integrated GenAI Copilot Features Significantly Improve Investigator Efficiency with up to 90% Reduction in Alert Review Time Compared to Legacy Approaches. Following an ...

With more than four decades of experience in delivering data and technology solutions to financial entities and professionals across the globe, Bloomberg is known for setting a high standard of ...