SERVICES
Financial reporting with traceable numbers and controlled review.
Turn accounting records into reviewable statements and support schedules with mapping, version control and audit-ready evidence.
Overview
Financial reporting converts fund/entity accounting records into financial statements and supporting disclosures under the applicable accounting and reporting framework. The operational task includes controlled mappings, report templates, roll-forwards, supporting schedules, review comments and version history.
It sits downstream of fund accounting and valuation and upstream of auditor review, investor delivery and statutory or regulatory publication.
Why it matters
Correct books do not automatically produce a controlled reporting process. Spreadsheet mappings, uncontrolled versions and late disclosure changes create risk even when underlying accounting is sound.
Common operating challenges
- Manual chart-of-accounts to statement mapping.
- Multiple uncontrolled report versions and reviewer comments.
- Inconsistent disclosures across funds/entities.
- Weak drill-down from a statement line to supporting accounting records.
- Audit questions answered through email rather than a managed evidence workflow.
What we deliver
| Capability | What it covers |
|---|---|
| Statement preparation support | Build controlled reporting datasets and templates from approved books. |
| Mapping | Maintain chart-of-accounts and disclosure mappings. |
| Review workflow | Track comments, revisions, owners and approvals. |
| Cross-period consistency | Flag unusual movements and disclosure changes. |
| Support schedules | Prepare statement backing and audit evidence. |
| Publication hand-off | Package approved outputs for auditor, administrator or other appointed parties. |
Our role can be configured around a defined operating mandate: a recurring managed service, a technology-enabled client workflow, or a co-sourced model in which execution and review are split between Kelton, the client and appointed providers.
Inputs, workflow and outputs
Typical inputs
- Trial balance / general ledger
- Prior-period financial statements
- Approved accounting/reporting templates
- Valuation and capital schedules
- Disclosure source data
- Auditor / reviewer comments
Controlled workflow
| Step | Activity | What happens |
|---|---|---|
| 1 | Map | Connect accounting balances to statement and disclosure lines. |
| 2 | Generate | Produce controlled draft reporting datasets/documents. |
| 3 | Validate | Run balance, roll-forward and consistency checks. |
| 4 | Review | Route comments and changes through maker/checker. |
| 5 | Compare versions | Identify and explain revisions. |
| 6 | Finalise | Lock the approved support pack and retain evidence. |
Typical outputs
- Draft financial statements / reporting datasets
- Statement mapping file
- Disclosure support schedules
- Version comparison report
- Review/sign-off log
- Audit-ready evidence pack
Controls and review
The workflow is designed so that automation does not obscure responsibility. Routine processing can be standardised; exceptions, material judgements and formal approvals remain visible and attributable.
- Controlled templates and approved mappings.
- Version comparison and roll-forward validation.
- Source linkage to accounting balances.
- Maker/checker and authorised client sign-off.
- Clear separation between preparation support and formal audit/signatory roles.
Responsibility boundary
We support reporting preparation, data, workflow and review. Formal audit opinions, statutory sign-off, accounting advice and regulatory certification remain with authorised professionals and responsible entities.
Technology & expertise
Our operating model combines specialist knowledge with controlled technology. Domain experts define the rules, review logic and exception criteria; the technology layer makes the workflow repeatable, traceable and scalable.
Technology
- Template-driven reporting.
- Mapping and validation rules.
- Version comparison and comment workflow.
- Source-linked drill-down.
- Controlled document publishing.
Expertise
- Fund-accounting and financial-reporting process knowledge.
- Audit coordination and evidence-pack design.
- Cross-fund template and mapping governance.
- Knowledge engineering for recurring disclosures and consistency tests.
Expert knowledge is converted into controlled rules, SOPs, checklists, validation tests and exception criteria so that the operating standard is embedded in the workflow rather than dependent on one individual.
Delivery models
| Model | How it works |
|---|---|
| Managed Operations | We execute the agreed recurring workflow. Client and appointed-provider approvals remain explicit. |
| Technology Enablement | We implement the data, workflow and control layer for the client team to operate. |
| Hybrid / Co-sourced | Execution and review are shared through a documented responsibility and escalation model. |
| Transition & Implementation | We mobilise the workflow during a launch, provider change or target-operating-model transition. |
Frequently asked questions
Does Kelton issue audited financial statements?
No. Kelton can support preparation and review workflows; the auditor and authorised signatories retain formal roles.
Can templates be reused?
Yes, with controlled entity/fund-specific mappings, disclosures and approvals.
How should AI be used?
For extraction, mapping assistance, comparison and review support—not uncontrolled final reporting judgement.
Discuss Financial Reporting
Start with one workflow, one operating issue or one provider transition. We will map the current process, responsibility boundaries, required data and a practical first engagement.