“Never call an accountant a credit to his profession; a good accountant is a debit to his profession.”

Charles Lyell

Good accounting is at the core of running a successful business.  From financial accounting to management reporting, without accurate numbers you’re flying blind. 

As specialists in IFRS and financial reporting we provide CFOs of corporate and listed businesses the support they need to successfully have a stress free year end. Whether its IFRS accounting advice or preparation of a financial report, we have the experience and knowledge to provide solutions to your problems.

Unlike many consultants, we also have deep, practical experience, having worked in financial reporting functions for both listed and medium sized entities. So we understand the pressures faced by your accounting function and the compromises that need to be made. 

Contact us today to discuss your accounting and financial reporting needs.


  • The Problem
  • The Challenge
  • Our Solution
  • The Result

A high growth insuretech client were concerned their financial accounts were under prepared for their year-end audit. As a regulated company, they needed to get their accounting right and get it done on time. They approached us for help to get their financial reporting up to scratch and completed on time.

A challenge we accepted!

This complex company had a variety of difficult accounting issues to tackle including:

  • insurance accounting;
  • overseas subsidiaries in multiple currencies;
  • deferred tax accounting issues; and
  • a financial report with significant disclosures.

Working to a tight timeline, we rapidly got up to speed with their business and quickly prioritised requirements.

We tackled the more complex considerations first such as:

  • reconciling the insurance accounting back to borderauxs;
  • preparing work papers supporting the tax effect accounting position; and
  • reviewing the statutory financial statements for adherence to the accounting standards.

The statutory accounts were signed with significantly less stress in the process than prior years. The auditors placed reliance on the position papers, without the need for long and complex discussions and the board had sufficient time to understand the accounts prior to signing.

“The key to successful financial reporting is understanding the business. We work with our clients to develop a deep understanding of the key transactions and events throughout the year, ensuring more accurate and timely reporting.”

James Scott – Managing Director

white ceramic figurine on black table



  • Month end and year end financials, including reconciliations and work papers
  • Consolidation, equity and joint venture accounting
  • Complex multi-currency consolidation
  • Financial report preparation from small business through to ASX listed companies
  • Directors reports and ASX disclosures
  • Specialists in banking, life and general insurance and asset management accounting


  • Better understand your business through your numbers
  • Useful, actionable data and dashboard reporting
  • Analysis of your actual versus perceived business performance
  • Budget versus actual analysis and reporting
  • Tracking business progress
  • Management reporting to show where you have been, and where your business is heading


  • Application of new accounting standards
  • IFRS advice
  • New or unusual transactions not previously undertaken
  • Accountancy documentation and preparing papers for Boards and auditors
  • Implementing systems and process changes as required.
  • IFRS to US GAAP conversion

Sydney Office

Level 19
1 O’Connell Street
Sydney NSW


© Copyright 2020 JD Scott and Co Pty Ltd. All right reserved.

Liability limited by a scheme approved under Professional Standards Legislation