Created financial statements and controls for swap dealer

Created financial statements and controls for swap dealer

Elizabeth led a team to stand up the financial reporting processes for the swap dealer entity of a multi-national financial services company. In addition to creating the financial statements and disclosures, her team performed a risk assessment over the financial statement line items and performed a gap analysis on internal controls over financial reporting.

The client was required to create audit-ready financial statements for the Commodities Futures Trading Commission (CFTC) in response to the capital and financial reporting requirements for swap dealers under Title VII of the Dodd-Frank. The creation of financial statements was difficult, as the subledger data was not at the legal entity level. Elizabeth’s team led the client through several workshops to define reporting requirements and develop processes to cleanse, categorize, and transform the available data. At the end of the project, the client had a detailed risk and control matrix, a financial statement aggregation template, and a full set of financial statements and disclosures.

Note: This work was performed prior to joining Stout.

Related Professionals

All Related Professionals