IFRS conversion and reconciliation

Today over 110 countries have adopted International Financial Reporting Standards (“IFRS”) either as originally issued by the International Accounting Standards Board or as endorsed by a particular jurisdiction.

The complexities of converting to IFRS pose a considerable drain on time and resources for any financial department, requiring potentially hundreds of hours of work to deal effectively with all matters arising. We're here to help free your time so you can concentrate on what you do best.
 
We can manage the complete conversion process for its non-audit clients which will ensure that you have the resource you need, for the period that you need it.
 
We offer a four-stage process for clients requiring IFRS conversion. This includes:
preliminary fact assessment
detailed planning
implementation
post-implementation review.
IFRS conversion services include:
Assisting management with the selection of IFRS accounting policy alternatives such as voluntary exemptions provided by IFRS 1, First-time Adoption of International Financial Reporting Standards, and assisting management in assessing the implications of selecting such alternatives.
Identifying client-specific differences from IFRS.
Identifying information requirements for converting to IFRS.
Determining adjustments necessary to bring the financial reporting in line with the appropriate basis of accounting.
Preparing financial statements and disclosures to meet requirements.
We can tailor our services to meet your needs. IFRS conversion services to attest clients may be limited due to independence considerations.