Breakwater Accounting Advisors LLP.

Financial Reporting - Continuous Disclosure

Breakwater’s financial reporting team includes individuals with a mix of industry and global accounting firm experience, and offers flexible solutions to address your particular needs.

Breakwater assists clients with both fully outsourced and ad hoc solutions depending on a client’s needs and the composition of their financial reporting group and accounting staff. Breakwater is often involved on a quarterly basis to help publicly listed issuers ensure their financial reports are accurate and complete prior to providing to their board and/or auditor.

Financial reporting - continuous disclosure services include:

Multi-jurisdiction consolidation
Financial statement preparation
Management discussion and analysis preparation
Deferred income tax provision
Audit working paper preparation and review
Measuring and tracking share-based payments

Select client service solution examples:

Full-service: Comprehensive outsourced financial reporting solution for an operating mid-tier TSX-listed mining entity requiring ongoing financial reporting, IFRS conversion, corporate accounting, internal controls compliance including SOX advisory, and data analytics on an accounting system conversion. Significant challenges were overcome including a history of multiple restatements, poor historic accounting records, delinquent international reporting, change of reporting currency, change of functional currencies, change of year-end, SEC listing, and complicated financial instruments.
Turnaround: Responsive and pragmatic solution for a private transportation company with 10 periods of delinquent HST/GST filings and material differences in intercompany accounting. Also assisted with vendor claim negotiation to reduce liability and defer repayment.
Pragmatic: Complete financial reporting solution for delisted junior venture issuer which required highly pragmatic approach to technical accounting including debt settlement and IFRS conversion.