FINQUERY partners with THE CFO HQ

The CFO HQ Partners with FinQuery to Enhance FRS102 Lease Accounting Compliance in the UK

The CFO HQ, a leading financial advisory firm specializing in comprehensive finance and accounting solutions, is proud to announce its new strategic partnership with FinQuery, a globally recognized leader in AI-powered accounting automation technology. This collaboration aims to provide businesses across the UK with best-in-class compliance solutions, specifically addressing IFRS 16 and FRS 102 (UK) reporting standards.

As regulatory frameworks continue to evolve, companies are facing increased complexities in financial reporting and lease accounting compliance. The CFO HQ’s partnership with FinQuery will equip finance leaders with the expertise and technology needed to navigate these challenges efficiently. By combining FinQuery’s advanced lease accounting solutions with The CFO HQ’s deep advisory expertise, this partnership delivers a seamless approach to compliance and financial transformation.

“We are thrilled to partner with FinQuery to bring best-in-class compliance solutions to our clients,” said Arthur Ngoka, CFO Advisory Leader at The CFO HQ. “This collaboration reinforces our commitment to support our clients and their finance teams with best practice tools, expertise, and technology needed to streamline regulatory compliance, particularly for IFRS and FRS 102 (UK), reporting, and associated disclosure requirements. Together, we are setting a new standard for compliance excellence with FinQuery’s cutting-edge technology and our deep advisory expertise in the UK and US markets.”

Through this partnership, The CFO HQ and FinQuery will work closely with CFOs, finance teams, and business leaders to drive efficiency, ensure accuracy in lease accounting, and optimize financial decision-making.

For more information about this partnership and how it can benefit your organization, please contact The CFO HQ at +44 (0) 800 654 6550.

The CFO HQ is a technology-driven CFO advisory firm, primarily providing CFO & Deals, and finance expertise. They empower CFOs with automation-led solutions for regulatory guidance and to enhance financial strategy and streamline reporting with precision and excellence. The CFO HQ combines advanced technology with CFO expertise to drive transformation, optimize compliance, and deliver strategic insights, empowering businesses to navigate complex financial landscapes with precision and efficiency. Learn More Here.

FRS 102 is the principal financial reporting standard for medium and large private entities in the UK and Ireland. Following the Periodic Review 2024, amendments become effective for accounting periods beginning on or after 1 January 2026, with early adoption permitted. Key updates include financial instruments, a new revenue recognition model aligned with IFRS 15's five-step approach, and a revised lease accounting model based on IFRS 16, requiring lessees to recognize lease assets and liabilities on the balance sheet. Enhanced disclosure requirements aim to improve transparency. Implementing technology-driven solutions and adhering to best practices are essential for a seamless transition, ensuring compliance and enhancing financial reporting accuracy. Learn more Here.

FinQuery is an AI-powered SaaS platform that automates prepaid and accrual accounting, simplifies lease accounting compliance (ASC 842, IFRS 16, GASB 87 & 96, SFFAS 54, and FRS 102), and centralizes contract management. Built for accounting and finance teams, FinQuery empowers more than 36,000 professionals to accelerate their close, streamline budgeting and forecasting, simplify complex accounting, FRS102, IFRS16, contract management, and compliance across different sectors and industriesy. Learn more at FinQuery.com.

While section 20 of FRS 102 (2026) and IFRS 16 share core principles, in bringing leases onto the balance sheet by requiring lessees to recognize right-of-use assets and lease liabilities on the balance sheet, enhancing transparency, key differences exist. Notably FRS 102 introduces simplified measurement criteria for smaller entities and allows policy choices for lease classification, unlike IFRS 16’s strict single-lessee model. FRS 102 also provides relaxed exemptions and simplified discount rate options, whereas IFRS 16 enforces a universal lessee accounting model with strict measurement rules. Both standards demand rigorous lease documentation, reassessment policies, and enhanced disclosures. FinQuery integrates best-practice methodologies, automating lease classification, contract tracking, and liability recognition while ensuring policy alignment, risk mitigation, and audit-ready compliance under both frameworks.