Statutory Reporting & Regulatory Compliance

A: Yes. Keboola’s data model is flexible – you can define adjustment layers or parallel data streams for each standard. For instance, local teams continue booking in local GAAP; the system then applies a set of IFRS conversion adjustments (for things like goodwill, leases, financial instruments) to produce an IFRS view. Both views are stored and can be reported on. This ensures one platform serves multiple reporting requirements without double data entry.

A: Keboola is not a static system; it’s a platform you control. When regulations change (say a new tax disclosure or an update to revenue recognition rules), your data team or consultants can update the transformation logic or data models accordingly. Keboola also allows integration of external reference data – for example, new tax rates or inflation indexes can be fed in centrally. Many finance teams use Keboola to create a “business glossary” or rules repository for compliance, which can be updated in one place and flows through all reports. Essentially, it gives you agility to adapt compliance processes without waiting for ERP upgrades.

A: With all data in one place and granular drill-down available, responding to audit queries is much faster. If an auditor asks for the breakdown of a revenue number, you can drill into Keboola and extract transactions from all entities contributing to it, with consistent IDs and timestamps. Keboola’s security model also means you can give read-only access to auditors for specific datasets if desired, letting them self-serve some of their verification. Clients report that auditors complete their fieldwork quicker and with fewer follow-up questions once they see the level of transparency in the platform.