Statutory Accountants are responsible for completing all financial reports and accounts required by statutory bodies to ensure that a company or organisation complies with regulatory reporting requirements.
Statutory Accountants must be familiar with a number of statutory accounting principles and requirements and are considered experts in their field.
Statutory Accountant typical duties include:
- Accounts preparation;
- Audit preparation;
- Financial analysis and review;
- Management reporting;
- Delivering statutory financial statements and reports;
- Working to deadlines for the delivery of statutory reports;
- Ensuring compliance with all regulatory requirements;
Statutory Accountants are qualified accountants, who have specialised working knowledge of requirements such as International Financial Reporting Standards (IFRS) as well as experience of working with local regulators, for example (in the UK) the Financial Services Authority.
Average salary: £ 60,000/65,000 per annum for a qualified Group and Statutory Accountant in central London or £400-475 per day for a qualified Statutory Accountant working on a temporary contract.