The finance departments of public companies (or those aspiring to go public) are required, in addition to their regular financial tasks, to produce quarterly and annual financial statements in compliance with the required standards (IFRS/US GAAP). Sometimes, a company’s finance department may lack the professional capability or the human resources needed for these tasks.

Shimony – House of Finance specializes in providing services to public companies through a designated department in our firm, which handles all financial regulatory issues for reporting purposes, with an emphasis on the country and stock exchange where the company is listed (Israel, USA – NYSE/NASDAQ, Canada, Australia, and others).

Tasks handled by the department include:

• Transitioning from one GAAP to another or from one presentation/reporting currency to another;
• Building, compiling, and editing financial reports fully, in Hebrew and/or English and in any currency;
• Preparing for an IPO (IPO/SPAC or M&A transactions into a listed shell), including assistance in preparing and managing the prospectus process;
• Preparing memo working papers and supporting working papers;
• Reporting through various report platforms in accordance with requirements and reporting deadlines, and more.

These services are intended for companies without a financial department, as well as for companies with an internal financial department that are interested in specific assistance and unique solutions which our IFRS/US GAAP department has.

Our public companies’ clients can enjoy a one stop shop solution including bookkeeping, controller and CFO services so they can fully outsourced their finance team and focus on their development products.