As financial accounting standards become more stringent and compliance requirements more rigid, the audit process increases in complexity. Hedgebook Audit is designed specifically for the purpose of valuing financial derivatives during the audit process. Fast, intuitive and most importantly, independent, Hedgebook Audit puts powerful valuation and reporting tools directly in the hands of audit teams, ensuring fair values are calculated quickly and recorded accurately.
Producing fair-values in Hedgebook Audit simplifies compliance with IFRS 13 and US GAAP. Client transactions are valued at the press of a button and as Hedgebook Audit is 100% independent, you can be confident in the rigour of your process.
As Hedgebook Audit is cloud-based, it is always in the hands of audit teams when they need it, where they need it. Whether in the office or out on a client site, Hedgebook Audit’s powerful functionality is at their fingertips on laptop, tablet and even mobile phone.
Hedgebook Audit has been designed for ease of use. A simple and intuitive user-interface ensures minimal training is required and information is accessed quickly. Hedgebook’s knowledgeable staff are available to support when required.
“Hedgebook Audit has been an excellent addition to our Audit Team’s toolset. It has helped us add further rigour to our processes and deliver peace of mind to our clients.” Mark Hucklesby, Partner, Grant Thornton
Download our practical guide to comply with the relevant accounting standards for foreign exchange and interest rate financial instruments. There are five areas covered:
Hedgebook Audit has been created specifically for use in an audit environment. Quickly access clients’ portfolios and value whole portfolios or individual transactions at the click of a button.
Hedgebook valuations are 100% independent, removing the reliance on banks and other 3rd parties for provision of fair values. Hedgebook’s rate feeds are sourced from industry benchmark sources such as Reuters.
Hedgebook Audit covers a broad range of FX, Interest Rate and Commodity derivatives. With Hedgebook Audit you can record your entire client portfolio in one system and gain visibility of overall and individual positions.
Hedgebook Audit provides fast access to reports to record both valuations and their underlying data. The sensitivity reports can be used for FAS161/IFRS7 disclosures.
As a cloud-based offering, Hedgebook Audit requires no installation of software and set-up is minimal. There is no need for servers and no added burden on your IT team.
Hedgebook Audit uses best-practice security standards, ensuring confidentiality and security of client data. All transactions are protected by SSL protocols, encrypting the information sent to and from Hedgebook Audit.