International Financial Reporting Standards (IFRS) were established so that company financials can be understood and compared across international boundaries. Compliance usually requires substantiation of balances for multiple accounting standards, that may also include both local standards and US GAAP. This means preparing a multi-standard reconciliation and providing explanations of the adjustments.

BlackLine's Consolidation Integrity Manager module allows you to easily prepare multi-standard reconciliations. One standard serves as the base, with balances compared to the balances from other standards. Auto-certification occurs if the balances are equal, or within a configurable threshold. Alternatively, the Account Reconciliations module can be used to upload multiple balances, with an account segment applied to identify the balance type.

• Full audit trail and records of all balances that tie out and are system certified.
• Clear identification of out-of-balance accounts.
• Email notifications of balance changes.
• Links to underlying reconciliations to assist in researching discrepancies.