Wolters Kluwer UK has acquired Company Reporting, a UK-based research service that reports on the changes to the financial reporting practices of public companies.

Company Reporting focuses on the dynamics of corporate reporting for S&P Europe 350 and UK FTSE 350 companies. It reviews annual reports of listed companies in detail and identifies actual changes in corporate reporting practice and governance procedures.

These are then analysed to identify evolving best practice, including the development of, and instances of divergence from, generally accepted accounting practice under IFRS.

The company has been influential in monitoring and development of IFRS reporting for over two decades, and is a primary source of best practice research for professional and corporate accountants, regulators and academics around the world.

Company Reporting's team, led by Omkar Joshi, will join Wolters Kluwer UK to enhance its current offering to customers with practical illustrations of implementing IFRS.

Salvador Fernandez, regional manager of Wolters Kluwer in the UK, said: 'With IFRS becoming increasingly prevalent and complex, and with new UK GAAP on the horizon, there is a growing need for deeper understanding of financial reporting standards. Wolters Kluwer in the UK has established itself as the market leader in IFRS reporting. With the addition of Company Reporting we are in a strong position to expand our financial reporting expertise across the world.'

Omkar Joshi said: 'We are very excited to become part of Wolters Kluwer, the global leader in our field. Through this combination, we have created a unique strategic opportunity by combining Company Reporting's multiple years of expertise and unparalleled content with Wolters Kluwer's expansive global footprint and product development capabilities.'