There are many reasons why companies move from their current accounting framework to IFRS. But what is common to all companies is the need to look at the options available, the consequences of those options, and understand how the transition to IFRS will bring economic benefits.
We help companies understand the implications of accounting changes and the wider challenges that adoption of new reporting standards bring to a business. Our IFRS specialists help our clients stay ahead of developments from the standard setters and guide companies through every stage of the IFRS lifecycle.
There are a number of important issues to consider in planning your transition to IFRS such as:
You’ve made the decision to convert to IFRS. But that’s only the first step. We can help with the following:
The next stage is about embedding your IFRS approach and transforming it into a more sustainable and efficient procedure. Some issues that commonly occur include:
We can help you prepare for IFRS through: