Our World - IFRS Services
Consultants . Accountants . Auditors . Advisors . Attorneys
The move to International Financial Reporting Standards (IFRS) is the distinct initiative in the financial reporting world.
Converting to IFRS is more than changing from one set of accounting principles to another. It means there are a number of significantly different financial accounting and disclosure requirements that will result in material financial reporting differences.
Its impact stretches far beyond accounting to affect every key business decision, and not just how it is reported. Therefore, access to its current knowledge, insights and timely counsel is essential. As IFRS becomes the financial reporting language in many more countries, consistent interpretation and application becomes ever more fundamental.
Together with our alliance and partners, we have the global resources, man power and knowledge to provide you our services with the benefit of our broad sector experience, our subject matter expertise and the latest insights from our Global-village network.
Our IFRS conversion approach for organizations that will soon go IPO!
Without careful study, the generic impact of converting to IFRS is not known at present, but we can find out the specific changes to your organization.
Our approach to IFRS conversions is to have a holistic assessment, design and planning, holistic solution development, implementation, and post-implementation review; this method can help management to find out in advance the extent to which their business will be affected by these fundamental issues, and to address these business issues appropriately.
In summary, converting is not just a technical exercise. It presents company leaders with opportunities to challenge the way in which the company is viewed and evaluated by stakeholders and competitors. Every important decision that a company makes will be affected by IFRS, and it is essential that management is able to anticipate these changes upfront.
For more information about how our professionals can help you prepare to report under IFRS, please refer to our contact page; we’ll love to hear from you!
Read more or email us