Quarterly Reporting
Current financial position and changes in net worth, reported on an agreed quarterly cadence.
The Reporting Cycle
A new quarterly relationship ordinarily begins as of an agreed reporting date—usually the most recently completed quarter-end. The first package establishes the baseline for measuring and reporting later changes.
The reporting date, cadence, and delivery schedule are agreed during engagement scoping and depend on timely receipt of records.
What You Receive
At the start
- Baseline Statement of Financial Condition with related notes.
- A Statement of Changes in Net Worth only if complete records support the earlier opening date and activity and that additional work is expressly included.
Each scheduled quarter after the baseline
- Refreshed Statement of Financial Condition as of the quarter-end date.
- Related notes reviewed and updated when new events, transactions, or source information affect them.
- Statement of Changes in Net Worth reconciling the defined period’s realized and unrealized changes.
- Concise memo interpreting the significant drivers and identifying records or third-party valuation support needed for the next report.
- Secure delivery.
Understanding Changes in Net Worth
The Statement of Changes in Net Worth reconciles beginning and ending net worth and distinguishes realized changes—such as income, realized investment gains, taxes, and personal expenditures—from unrealized changes in asset values, liabilities, and related estimated taxes. The accompanying memo explains the most significant drivers and context; it does not substitute for the statement.
Scheduled and Off-Cycle Updates
Quarterly reporting follows the cadence stated in the engagement letter. If a refinancing, sale, meeting with counsel, or other event requires reporting between scheduled quarter-ends, an off-cycle update may be scoped and scheduled separately, depending on timing and available records.
What Quarterly Reporting Does Not Include
Quarterly reporting is financial reporting. Aurora does not provide investment management, bill pay, or general financial administration, and the quarterly materials contain no investment recommendations.
See how an engagement works, or start with a brief conversation about the reporting you have in mind.