Subsidiary Controllership

The subsidiary controller plays a key role in overseeing the accounting operations of the entity. This includes preparing periodic financial statements and reports to ensure that the financial information is accurate and complies with relevant accounting standards and local regulations. It may also involve maintaining separate books of accounts as required by local laws. In addition to financial reporting, the controller is responsible for overseeing audits, both internal and external, to ensure timely closure and the filing of all necessary statutory reports. This requires a keen eye for detail and a commitment to compliance. Assessing the risk and control environment is another important aspect of the role. The controller must regularly evaluate the processes in place, implement controls to mitigate risks, and ensure that these controls are followed consistently. Furthermore, the controller is tasked with streamlining policies, procedures, and controls to align them with corporate standards and other entities. Any exceptions to these guidelines should be kept to a minimum to maintain consistency and efficiency.,