With Sigma Consolidation, auditors benefit from a reliable tool, providing full accountability and accuracy, extended and detailed reporting, flexible information support and of course compliant with the legal requirements Be Gaap or IFRS. Sigma InterWeb provides an efficient tool for the intercompany reconciliation on the web. It allows an analysis at transaction/invoice level, which allows a complete transparency through all the reconciliation process.

Let us summarize the key features that will help you achieving your audit work very rapidly:

Audit trail

Sigma provides debit/credit entries, an automatic carry over function for adjustments, a general ledger of accounts and a general ledger of flows, a check list of all events implying consolidation adjustments, a follow-up of historical rates and an analysis of translation differences, thresholds for controls and for intercompany differences analysis.
Eliminations are booked as specific journal entries, and the History is kept with all detail (no aggregation is done).
 
Reporting

Built-in reports provide all details on consolidated equity per company, translation adjustments analysis and intercompany matched and unmatched transactions. They avoid the use of separate manual or Excel sheets for additional explanation.
As consolidation specialists ourselves since more than 20 years, we have a broad experience with the auditors' requirements and we provide a complete and standard set of ready-to-use reports, that answer very accurately all your questions.
Extended validations at local level, available in the Sigma Bundle, and additional controls at each step of the consolidation allow a structured audit. 

Information support

The information you need is available on paper, on PDF or in Excel. You can also access Sigma directly using the Sigma Audit version of your client or ask us for your personal version. With these facilities, you don't need to be at your customer's office all the time.
 
Security

With Sigma you are sure that the standard consolidation and elimination rules are always applied and correct: they are built-in within Sigma and the user does not have to define them via complex programmed rules. On the other hand, any change in the parameterization done by the user is immediately checked and you can ask for a global control of the whole parameterization at any time.