Expertise in Audit and Financial Reporting

We offer comprehensive services to help clients understand and navigate the transition to international financial reporting standards. Our services cater to:

1. First-time adopters of IFRS standards: We assist companies transitioning to International Financial Reporting Standards (IFRS) for the first time, helping them understand the requirements and impacts.
2. Current IFRS preparers: We provide support to companies already using IFRS in understanding proposed changes or updates to the standards.
3. Non-IFRS preparersWe help companies using local GAAP standards address major changes stemming from the convergence initiatives between he International Accounting Standards Board (IASB) and the Financial Accounting Standards Board (FASB).

Comprehensive Financial Reporting Guidance:

We assist you in:

• Understanding how changes in standards impact your financial statements.
• Making complex accounting policy decisions with confidence.
• Translating technical impacts into tangible actions, including adjustments to systems, processes, and staff, as well as broader business considerations.

Benefits of Effectively Managing Changes in Accounting Policies:

• Enhanced competitiveness: Proper implementation strengthens your position in the global market.
• Facilitating global capital attraction: Compliance with global accounting standards eases the attraction of international investors.
• Leveraging policy options: Understanding policy options during the initial adoption phase can provide strategic advantages.
• Improved financial operations: Identifying and implementing improvements in the finance function can streamline accounting processes, reduce efforts, and cut costs related to financial reporting.
• Simplified benchmarking: Accurate and timely implementation of standards can ease efforts to benchmark against overall performance.

Ultimately, we believe that effectively managing these changes can enhance business success and create opportunities for improvement.