MAKING SENSE OF IFRS
Whilst the aim of IFRS is to establish standards that businesses, auditors and investors can readily understand, IFRS is one of the most technical aspects of accounting. In terms of the day-to-day aspects of their businesses, many larger companies can comfortably deal with IFRS. However, there are areas where our specialist knowledge will save you considerable time, avoid mistakes and ensure compliance.
These can include checking that your own statutory accounts include the correct disclosures, reviewing your current accounting processes for conformity with IFRS requirements and the introduction of new accounting standards. We extend this service to all current IFRS preparers and not-for-profit entities. If your company is getting ready to be listed, we can prepare you for your listing requirements. If you are a growing business involved in M&A activity, we can ensure you understand the impact of Local GAAPs on acquisitions and convert your new subsidiaries to IFRS to allow for simple consolidation. We support our clients with board submissions, auditor interactions, reporting accountants and regulator interactions.