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Ideagen plc works alongside leading accountancy firms to drive compliance with international financial reporting standards

By CreditMan Monday, July 27, 2015

Ideagen Group plc (AIM:IDEA), a leading supplier of information management software to highly regulated industries, is driving compliance with financial reporting disclosure standards by working closely with some of the world’s leading accounting firms.

Ideagen’s Pentana Disclose software is used by accounting firms and larger corporate clients to highlight non-conformance with accounting standards and other financial disclosure requirements. Pentana works by asking detailed tailoring questions to ensure that only directly applicable financial statement disclosures are considered when reviewing client financial statements. PwC, Ernst & Young and BDO are among eight of the UK’s top ten accounting firms who are ensuring regulatory compliance using Pentana’s UK disclosure checklists.

David Hornsby, Ideagen Chief Executive Officer, said:

“Ideagen has built an excellent reputation during the last decade, providing financial statement disclosure software to organisations such as PwC, Ernst & Young and BDO. Our software and expertise in this area has benefited some of the world’s leading accounting firms in protecting the reputation of their clients against the possibility of incorrect financial disclosures.

“We have a strong foothold in the UK, with eight of the top ten accounting firms and their clients relying on Pentana Disclose software. An increasing number of accounting firms are introducing the international version of the product to their global network of firms, presenting the Ideagen Group with significant opportunities for growth in the international accounting profession.”