Specialist financial translation is the professional translation of financial documents that requires an in-depth understanding of both financial terminology and accounting standards such as IFRS. For listed companies and financial institutions, specialist financial translation is critical because incorrect translation of financial information can lead to misunderstandings among investors, legal consequences or damage confidence in the capital market.
Why is specialised expertise needed?
Financial translation is fundamentally different from general translation because it requires a knowledge of accounting principles, financial instruments, regulatory frameworks and industry-specific terminology. IFRS terms have precise definitions that must be translated consistently. Mistranslation of terms such as ‘goodwill’, ‘equity’ or ‘provisions’ can change the meaning of financial information, which is unacceptable for listed companies.
What is covered by specialist financial translation?
Specialist financial translation includes annual and interim reports, prospectuses and offers, investor presentations and press releases, financial analyses and forecasts and compliance documents and policies. All of these documents are time-critical and market-sensitive, requiring both fast delivery and an error-free result. Fluid Translation is a translation partner with cutting-edge expertise in financial translation. We have a terminologist who prepares and updates our term databases to ensure that they are consistent with the latest IFRS and ESRS terminology. We are a translation partner with over 20-years of experience of financial translation. We work with ISO-certified system support and offer IFRS experts with at least 10 years’ experience in annual report content. We apply the four-eyes principle where at least two experts review all material, employ copywriters to craft CEO words and corporate presentations, use translation memories and term bases for consistent terminology and offer an ICR (In Country Review) platform where clients can validate translations before publication. Read about some of the many annual reports we’ve translated during the year.